Blogs

The IRS gets fraudulent tax returns from prison inmates every year, and it’s not in the hundreds, but thousands. In 2012, the IRS spotted more than 173,000 fraudulent tax returns from prison inmates. That number has doubled in the last two years. A report released by the US Treasury Department’s Inspector General for tax administration... Continue reading →

Those who received a lighter paycheck this year and those who expected a decrease in pay because of an increase in payroll taxes are sharing their concerns on and offline. Families earning $50,000 a year will see around $40 less in their monthly paychecks. Though the amount may not seem significant, it can affect the... Continue reading →

Everybody is unhappy with increased payroll taxes; those who have received a lighter paycheck are more so. For a family earning $50,000 a year, the new taxes would mean a reduction of about $40 per month. Although it does not seem like a large amount, it does mean less money to spend.Taxpayers are complaining about... Continue reading →

Everybody eagerly waits for their refunds to reach them. Now, you no longer need to wait in the dark. The IRS has improved Where’s My Refund? an online tool where you can check the status of your refund. You can now check when your tax return reached the IRS, when your refund was approved and... Continue reading →

 At last, there is some good news regarding taxes. The IRS has introduced new features toWhere’s My Refund? Now, taxpayers can check when their tax return is received by the IRS, when their refund is approved and when it will be sent to them. This year too, taxpayers can expect to receive their tax refunds... Continue reading →

If you are expecting a tax refund in 2013, the IRS has good news for you. First, your tax refund will probably reach you in less than 21 days. Second, you will be able to check the status of your tax refund online through Where’s My Refund?The IRS announced that it issued more than 9... Continue reading →

The year 2014 brings with it changes in the tax code: many tax credits have now expired, there will be new tax breaks to take advantage of, and there will also be new IRS reporting requirements.In 2014, there will be many big changes in the reporting requirements for Americans living overseas and foreign financial institutions... Continue reading →

 Today is January 2, 2013.  Until now, the Obama administration and Congress have failed to come up with a fix for raised taxes that economists warned can lead to the fiscal fall. With the start of the New Year, there are now key tax increases and spending cuts expiring that will affect almost all American... Continue reading →

The country is facing a fiscal cliff because many of the tax cuts initiated in the Bush administration are now coming to an end. There will be key tax increases, and expiring of spending cuts and other tax cuts after 31st Dec, 2012. From 1st Jan, 2013, American taxpayers will be paying more in taxes... Continue reading →

Millions of dollars of American taxpayers were found to be hidden in various Swiss banks when a Swiss banking scandal was busted. Recently, there was a protest by American taxpayers against tax havens where many corporations hide their money to evade taxes. After the busting of Swiss bank scandal, Foreign Account Tax Compliance Act (FATCA)... Continue reading →