IRS Flooded with Tax Returns Early in Tax Season

IRS Flooded with Tax Returns Early in Tax Season

Taxes

The IRS reported that tax season has gone smoothly so far, despite the two-week delay before kicking off tax season on January 31. The IRS has processed almost 98 percent of the 49.6 million returns received so far. Each week this filing season, the IRS has processed a greater percentage of the returns received than during comparable weeks last year.

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IRS Steps Up Tax Crime Enforcement and Convictions

IRS Steps Up Tax Crime Enforcement and Convictions

Taxes

The Internal Revenue Service has significantly increased its enforcement actions against tax criminals and its rate of convicting them, according to a new report from the IRS’s Criminal Investigation unit.

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IRS and Prosecutors Warn about Tax Preparer Fraud in New Jersey

IRS and Prosecutors Warn about Tax Preparer Fraud in New Jersey

Taxes

With tax season now underway, officials with IRS-Criminal Investigation and the U.S. Attorney’s Office in New Jersey are warning taxpayers to beware of tax fraud from tax preparers.

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Scariest Tax Form? Skip It, And IRS Can Audit Forever

Scariest Tax Form? Skip It, And IRS Can Audit Forever

Taxes

Tax lawyers and accountants spend some of their time monitoring exposure, and so should you. Sometimes that means watching the calendar until you are clear of audit. Unless you skip filing taxes entirely, you might assume your risk of audit eventually dissipates.

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How Far Back Can IRS Claim Tax Evasion Or Fraud? Timing Is Everything

How Far Back Can IRS Claim Tax Evasion Or Fraud? Timing Is Everything

Taxes

Anyone who is hiding income or assets from the taxman should consider how long they need to be looking over their shoulder.

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IRS Tax Refunds Running Ahead of Last Year

IRS Tax Refunds Running Ahead of Last Year

Taxes

The Internal Revenue Service reported Thursday that more than 48 million tax refunds had been issued by the end of February, a 5.6 percent increase compared to the same period last year, with the size of the average tax refund also up

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IRS Produces YouTube Video for Same-Sex Couples

IRS Produces YouTube Video for Same-Sex Couples

Taxes

The Internal Revenue Service has created a new video for YouTube that aims to provide useful tax tips for married same-sex couples.

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IRS Violated Procedures in Trying to Collect from Bankrupt Taxpayers

IRS Violated Procedures in Trying to Collect from Bankrupt Taxpayers

Taxes

The Internal Revenue Service did not always follow established procedures when trying to collect taxes from taxpayers who had declared bankruptcy, according to a new government report.

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IRS Can Audit You Forever, But Key Steps Can Prevent It

IRS Can Audit You Forever, But Key Steps Can Prevent It

Taxes

Even a routine tax audit can be expensive and nerve-wracking. So if the IRS statute of limitations has expired, it can be a trump card. The IRS normally has three years to audit, measured from the return due date or filing date, whichever is later.

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Taxpayers Warned of ‘Largest Ever’ Phone Fraud Scam from IRS Impostors

Taxpayers Warned of ‘Largest Ever’ Phone Fraud Scam from IRS Impostors

Taxes

The Treasury Inspector General for Tax Administration is warning taxpayers to beware of phone calls from individuals who claim to represent the Internal Revenue Service, but in reality are trying to defraud them, in what it is saying is the largest ever scam it has seen to date.

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