IRS

The IRS says it issues a refund 21 days after submission of a tax filing, but there can be delays due to additional reviews. Taxpayers should review the status of their refund to determine when to expect the funds to reach them. Now, checking the status of your refund has become easier with the IRS’…

The top five tax scams that rocked the country in 2012 were identity theft, i.d. phishing, tax preparer fraud, hiding income offshore, and “free money” promises from fake IRS solicitations.Identity theft still rules the number one position on the IRS’ Dirty Dozen tax scams. For 2012, identity theft remained the most prevalent tax scam of…

In a new plan proposed by the IRS, U.S. citizens living aboard will be able to easily settle their earlier tax non-compliance. According to IRS Commissioner Doug Shulman, “Today we are announcing a series of common-sense steps to help U.S. citizens abroad get current with their tax obligations and resolve pension issues.”The new procedure will…

The IRS has announced its new plan for U.S. citizens residing overseas where they can get current with their tax filing. Those taxpayers who haven’t been able to pay taxes in the past may find it easier to get back into the good books of the IRS.The new procedure will help taxpayers who have low…