A nationwide strike dubbed a “Day Without Immigrants” cast a spotlight on the role of foreign-born workers in the American economy. The walkout at some businesses comes amid a feverish debate over undocumented immigration, foreign trade and President Trump’s temporary travel ban on people from several majority-Muslim nations. Here are 10 key things you should…
WASHINGTON (NEWS10) – The IRS says it will not reject tax returns that do not include Obamacare disclosures during the time of filing. On January 20, President Donald Trump signed an executive order that directed federal agencies to exercise authority and discretion available to them to reduce potential burden. The IRS says it is currently…
WASHINGTON — The Internal Revenue Service today said avoiding taxes by hiding money or assets in unreported offshore accounts remains on its 2017 list of tax scams known as the “Dirty Dozen.” Since the first Offshore Voluntary Disclosure Program (OVDP) opened in 2009, there have been more than 55,800 disclosures and the IRS has collected…
Leave it to criminals to prey on people’s fears. The media coverage of the recent national crackdown on illegal immigration has given rise to a fraudulent immigration scam, New York Attorney General Eric T. Schneiderman said Wednesday. The scam involves fake Immigration and Customs Enforcement agents demanding money from immigrants to avoid deportation, the attorney…
For most people these days, tax return preparation is done by someone else. The IRS statistics bear this out. According to IRS data, most U.S. taxpayers used paid preparers. Even lawmakers who pass the tax laws generally do not–or cannot–prepare their own tax returns. With over half our returns being prepared by someone else, it…
WASHINGTON – The Internal Revenue Service said mid-February marks the agency’s busiest time of the year for telephone calls. The IRS is reminding taxpayers who have questions about their tax accounts to be prepared to validate their identity when speaking with an IRS assistor. This will help avoid the need for a repeat call. The…
WASHINGTON – For the third consecutive year, the IRS places abusive micro-captive insurance tax shelters on its list of “Dirty Dozen” tax scams. The list, compiled annually, describes a variety of common scams that taxpayers may encounter. Many of these schemes peak during filing season as people prepare their returns or hire others to help…
Latino immigrants across Washington plan to skip work on Thursday as part of a “Day Without Immigrants” campaign aimed at showing their economic power and protesting Donald Trump‘s immigration policies. In the meantime, many restaurateurs are scrambling to figure out exactly how many employees will be participating in the strike. Some restaurants are preparing to close for the…
A powerful scam whose targets were exclusively businesses is now being used against nonprofit organizations and others, according to Connecticut Better Business Bureau. The Internal Revenue Service (IRS), says the “W-2” scam is carried out by criminals who disguise an email to make it look like it came from a business executive. The IRS says…
WASHINGTON — The Internal Revenue Service today continued issuing its annual list of common tax scams by warning taxpayers to avoid schemes to erroneously claim tax credits. This year’s “Dirty Dozen” includes falsifying income to claim tax credits. “Taxpayers should ensure all the information they provide on their tax return is accurate,” said IRS Commissioner…
