IRS unveils plans to prevent tax fraud
The IRS, state tax commissioners and tax preparation companies are starting to collaborate in ways they never have before to combat tax-related identity theft and refund fraud.
The IRS, state tax commissioners and tax preparation companies are starting to collaborate in ways they never have before to combat tax-related identity theft and refund fraud.
A “sophisticated” organized crime syndicate used an app on the IRS website to steal several years of tax forms full of personal financial information for 104,000 Americans.
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Scholarships, grants and fellowships make paying for college much easier. And having some of your student loans forgiven can be a great relief. But in both instances you may get stuck with a tax bill.
Hasta la vista, Uncle Sam! A record 1,335 Americans gave up their passports in the first three months of the year.
The financial costs and perks of getting hitched aren’t limited to weddings. Your new marital status will be a factor when you file your taxes. For some couples, it means paying a higher tax bill. But others could see tax savings.
A majority of H&R Block clients who had received federal help to pay for their health insurance in 2014 saw their tax refunds reduced. Why? They had underestimated their income when they applied for premium tax credits.
New data from the OECD shows the average worker in India pays no income tax and doesn’t have to make any social security contributions.
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Boosting a number here, reducing a number there. Whether inadvertently or intentionally, a lot of us may end up reporting a little bit of fiction on our federal tax returns.
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The majority of U.S. tax filers have been getting refunds. With less than a week to go before April 15, the IRS has already paid out $217.35 billion on more than three-quarters of the 99 million returns it has received to date.
Not only did the top 400 taxpayers make far more in 2012 than in the prior two years, they ended up paying a lower percentage of it to Uncle Sam.
The new presidential candidate’s proposal for a one-rate tax system will be a key hallmark of his campaign.
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The government can keep some or all of your tax refund if you have any government or court-ordered non-tax debt that you’ve been delinquent in paying.
In terms of paycheck, New Yorkers do better on average than the rest of the country. But if the focus is on investment income and overall income, residents in one Wyoming county take the top spot.
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Read full story for latest details.