What would you do if you knew someone else had your money? Claim it, of course. The Internal Revenue Service (IRS) is urging taxpayers to do exactly that: More than $1 billion in outstanding tax refunds remain unclaimed from 2013. That represents an estimated one million taxpayers who might have qualified for a refund but…
Former immigration enforcement chiefs are questioning the legality of President Trump’s plan to ramp up a program that allows federal agents to quickly deport suspected undocumented immigrants without appearing before a judge. “Expedited removals” have been in force for 20 years but have only been used against people caught within 100 miles of the U.S.-Mexican border…
BOSTON (CBS) – No matter who prepares your return you are responsible for the information on your income tax return. You will owe the penalties and back taxes if your return is fraudulent. Some things to keep in mind when choosing a tax preparer: Check the Preparer’s Qualifications. Use the IRS Directory of Federal Tax…
WASHINGTON — The Internal Revenue Service today reminded non-U.S. citizens who may have taxable income, such as international students and scholars who may be working or receiving scholarship funds, that they may have special requirements to file a U.S. tax return. The IRS also reminded withholding agents — such as payroll professionals or universities —…
Whenever you earn money, whether it’s through a freelance job or interest on a savings account, you’re required to report that income to the IRS and pay taxes on it as well. That’s why you should be on the lookout for 1099 forms in the months leading up to the tax filing deadline. You should…
Some normally law-abiding Americans are expected to face hefty fines and even the possibility of criminal prosecution and jail time when they refuse to pay federal taxes this spring. The actress Mia Farrow and activist Gloria Steinem are among the protestors pledging to withhold tax payments as a way to voice opposition to President Donald…
Dive Brief: The IRS says it won’t reject taxpayers’ 2016 income tax returns with missing healthcare information, says SHRM. Health information, as mandated by the Affordable Care Act, belongs on line 61 of Form 1040 and line 11 on Form 1040EZ. The IRS’ decision applies only to personal income tax filing and doesn’t affect employers’…
President Donald Trump’s plan to round up and deport millions of undocumented immigrants is likely to trigger waves of lawsuits that may soon dwarf the legal fight over the administration’s temporary ban on travelers from seven Muslim majority countries. The Department of Homeland Security is pushing ahead with what the American Civil Liberties Union calls a…
Each year, the Internal Revenue Service (IRS) issues a list of common tax schemes and scams they call the “Dirty Dozen.” Taxpayers can fall victim to these scams at any time, but they tend to peak during tax filing season. The keys to avoiding becoming a victim? Educate yourself about what’s out there and take…
WASHINGTON — The Internal Revenue Service announced today that publicly available information from approved applications for tax exemption using Form 1023-EZ, Streamlined Application for Recognition of Exemption, is now available electronically for the first time. The data on IRS.gov is available in spreadsheet format and includes information for approved applications beginning in mid-2014, when the…
