People Dodging Taxes Is Not A Cost To The Economy

People Dodging Taxes Is Not A Cost To The Economy

Taxes

There’s a horrible and pernicious idea out there that people not paying their taxes properly is a cost to the whole economy. This simply is not true and it’s making the mistake of thinking that government, or the Treasury, is the economy as a whole.

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Midyear Tax Check Organize Now - Save Later

Midyear Tax Check Organize Now - Save Later

Taxes

Taxes, now? Yes, now. April 15 is far too late to make changes that may improve your tax situation. But now? The timing is perfect.

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10 Foods that Cost Much More Now Than a Decade Ago

10 Foods that Cost Much More Now Than a Decade Ago

Taxes

The rising cost of food has created a huge headache for consumers in the United States. According to a recent Nielsen survey, food is the top reason people tightened their belts when it came to shopping for other products like household, health and beauty items.

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Still Looking For Your Tax Refund? Errors, 4464C Letters And Other Explanations

Still Looking For Your Tax Refund? Errors, 4464C Letters And Other Explanations

Taxes

Tax Day is over for most of us but some taxpayers are still looking for their refunds. Statistically, the IRS has processed refund requests at a faster pace than last year (101,176,000 refunds issued as of last week’s report compared to 101,082,000 for the same time period in 2013).

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More than 150 000 Individuals Pay Their Taxes with IRS Direct Pay

More than 150 000 Individuals Pay Their Taxes with IRS Direct Pay

Taxes

The Internal Revenue Service announced the successful start of its new web-based system — IRS Direct Pay — on IRS.gov, which lets taxpayers pay their tax bills or make estimated tax payments directly from checking or savings accounts without any fees or pre-registration.

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Federal workers owe IRS the $3 point 3 billion

Federal workers owe IRS the $3 point 3 billion

Taxes

Lots of people haven't paid all their taxes -- including employees of the federal government. The IRS released data this week showing that roughly 3.3% of federal employees and retirees owed $3.3 billion in unpaid taxes as of Sept. 30.

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Man Convicted Of Threatening To Assault and Kill IRS Agent Family Over Audit Proceedings

Man Convicted Of Threatening To Assault and Kill IRS Agent Family Over Audit Proceedings

Taxes

Last week, a federal judge found Andrew A. Calcione of Cranston, Rhode Island, guilty of threatening to assault and murder an IRS Revenue Agent and his family. The reason? Calcione didn’t want to pay his taxes.

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Supreme Court Agrees To Hear Landmark Case On Whether States May Tax Income Earned In Other States

Supreme Court Agrees To Hear Landmark Case On Whether States May Tax Income Earned In Other States

Taxes

The Supreme Court had a busy day on Tuesday. When the dust settled, however, it had only granted one new case – but it was a big one. The nation’s highest court granted certiorari to Comptroller v. Wynne, setting the stage for a fight that could rewrite tax laws in states across the country.

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IRS Announces Issuance of Two Affordable Care Act Electronic Publications

IRS Announces Issuance of Two Affordable Care Act Electronic Publications

Taxes

The IRS today announced the issuance of two electronic publications containing information for individuals and families about the Affordable Care Act (ACA). These one-page publications are available on the IRS website and can be used by individuals, tax professionals, health care professionals and other stakeholders for educational and outreach purposes.

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After TIGTA Report, Expect More Tax Refund Delays

After TIGTA Report, Expect More Tax Refund Delays

Taxes

In 2012, the Internal Revenue Service (IRS), collected nearly $242 million as a result of the Delinquent Return Refund Hold Program. Under the program, the IRS can hold onto income tax refunds for up to six months while it investigates return delinquencies from other tax years.

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