Tax filing season is underway, but people who file early and claim certain tax credits might wait longer for their refunds this year. This is thanks to new IRS efforts to crack down on fraud. The change could affect millions of households, especially those with children. If yours is among them, here are a few tips…
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WASHINGTON — The Internal Revenue Service, state tax agencies and the tax industry issued an urgent alert today to all employers that the Form W-2 email phishing scam has evolved beyond the corporate world and is spreading to other sectors, including school districts, tribal organizations and nonprofits. In a related development, the W-2 scammers are…
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WASHINGTON — Aggressive and threatening phone calls by criminals impersonating IRS agents remain a major threat to taxpayers, headlining the annual “Dirty Dozen” list of tax scams for the 2017 filing season, the Internal Revenue Service announced today. During filing season, the IRS generally sees a surge in scam phone calls that threaten police arrest,…
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WASHINGTON — The Internal Revenue Service announced today the selection of seven new members for the Information Reporting Program Advisory Committee (IRPAC), which provides a forum for IRS officials and members of the public to address information reporting issues. The IRPAC, established in 1991, provides an organized public forum for discussion of tax information reporting…
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WASHINGTON — The Internal Revenue Service today announced the selection of five new members to the Internal Revenue Service Advisory Council (IRSAC) and the 2017 IRSAC Chair. IRSAC provides an organized public forum for IRS officials and representatives of the public to discuss key tax administration issues. The IRSAC, established in 1953, selects members to…
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WASHINGTON — As millions of people begin filing their tax returns, the Internal Revenue Service reminded taxpayers about some basic tips to keep in mind about their refunds. During the early parts of the tax season, early filers are anxious to get details about their tax refunds. And in some social media, this can lead…
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WASHINGTON — The Internal Revenue Service today warned taxpayers to watch out for fake emails or websites looking to steal personal information. These “phishing” schemes continue to be on the annual IRS list of “Dirty Dozen” tax scams for the 2017 filing season. The IRS saw a big spike in phishing and malware incidents during…
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President Donald Trump’s executive order temporarily barring citizens of Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen from traveling to the United States—as well as denying entry to refugees from Syria for the indefinite future—has provoked a massive public outcry. But while many around the country criticize the new policy for unfairly targeting people of…
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Did you receive any IRS Forms 1099 that you think are wrong? Maybe someone actually paid you $1,000, but reported that they paid you $10,000? The 1099 rules are complex and voluminous, and mistakes happen. But how should you handle it? And what if you think someone intentionally misreported? There’s no easy answer. Some reporting rules (for example, to…
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The IRS began accepting 2016 tax returns on Jan. 23, and the fear of being audited is on the minds of many Americans. A tax audit is unlikely, as fewer than 1% of tax returns are audited each year, but there are some factors that could make your tax return more likely to attract the…
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