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In a bid to crack down on tax evaders, Italian tax authorities have found a new way to catch tax evaders. They are using “cash dogs”, dogs trained to sniff large currency notes, to seize black money being carried at airports by travelers. This innovative method to catch tax evaders has reaped results. In the…

Dogs are catching tax evaders at Italian airports, thanks to the new initiative by the Italian tax authorities in which they are using “cash dogs” to sniff large amounts of cash. The “cash dogs” have been trained to sniff cash, the smell of which is subtle. With the help of these dogs, the Italian police…

The Italian tax authorities are using cash sniffing dogs to sniff cash at airports. This is the newest of innovative technique introduced by the Italian police to catch tax evaders. According to sources, during the first seven months the Italian police seized $47.6 million in cash, gold and silver from travelers at different airports who…

Alerts concerning tax fraud include cases of filing fraudulent tax returns by scammers and individual taxpayers. Among tax scams that do not involve seasoned scammers, tax fraud concerning tax returns is most common. Filing false tax returns is a tax fraud that can be done by falsifying details to be filled in a tax return…

There has been an increase in cases of tax fraud in the last few years. According to an IRS report, tax compliance has gone down from 83.7 percent to 83.1 percent. Many taxpayers are finding it difficult to pay taxes because of the economic crisis. Although most taxpayers comply with tax laws, some resort to…

President Barack Obama’s controversial healthcare plan, which requires all Americans to have healthcare insurance, was upheld by The Supreme Court. This victory is now leading to many questions concerning the penalty and how the IRS will enforce the new plan.Some sections are of the opinion that because the penalty for non-compliance is so little ($95…

The controversial healthcare plan put forward by President Barack Obama and upheld by The Supreme Court will put more burden on the IRS. Now, the IRS will need to enforce the new healthcare plan, a role which it is not comfortable doing.Steven Miller, IRS deputy Commissioner, said, “We will not use levies, liens or criminal…

The IRS is reluctant to use its agents in enforcing the new health insurance plan that requires all Americans to buy health insurance. Under the plan, which was upheld by the court this year, anybody who does not have health insurance will need to pay penalty to the government.Although the penalty is $95 or 1…

The IRS can begin the collection process for taxes owed at any time, and when it does, the total taxes owed are usually much more than original amount stated due to penalties and interest.Michael Jackson is in the news for back taxes years after his death. The IRS claims that the Jackson estate owes $702…

If you are running a small business, you can take benefits of various tax credits that are available to the owners of small businesses. From the many tax benefits available to you, there are three important tax credits that you can use this season if you qualify for it.Work opportunity credit is a tax credit…