News / IRS

Strange But Legit Tax Deductions

Source: forbes.com - Mar 20, 2012

If you’re searching high and low for tax deductions, take comfort from others who’ve done well at tax time. Of course, no one wants to be challenged, which argues for keeping to the straight... Read more >

Category: IRS

Corporate Tax Deadline Nears

Source: forbes.com - Mar 15, 2012

If you’re a math geek like me, it didn’t go unnoticed that today is π day, or pi day (note to my brother: that’s pi, not pie). Yep, every year, on March 14, those of us who used to be on the... Read more >

Category: IRS

Fla. man indicted in N.O. in tax fraud scheme

Source: wwltv.com - Mar 12, 2012

NEW ORLEANS (AP) — A Florida man has been charged in New Orleans with engaging in a tax fraud scheme. A federal grand jury on Friday indicted 48-year-old Yahia Asad, of Tallahassee, Fla., on one... Read more >

Category: IRS

Tax Scam Promises Churchgoers 'Free Money'

Source: wdsu.com - Mar 12, 2012

NEW YORK (CNNMoney) -- The IRS is cracking down on scammers promising elderly and low-income churchgoers "free money" by urging them to claim fraudulent tax refunds. The nationwide scheme, which... Read more >

Category: IRS

Tax Scam Warning: Beware of Phony Refund Scheme Abusing Popular College Tax Credit; Senior Citizens, Working Families and Church Members Are Targets

Source: irs.gov - Mar 12, 2012

WASHINGTON –– The Internal Revenue Service today warned senior citizens and other taxpayers to beware of an emerging scheme tempting them to file tax returns claiming fraudulent refunds. The... Read more >

Category: IRS

18 tax credits and deductions to take this year

Source: cbsnews.com - Mar 5, 2012

By Jill Schlesinger Even the most organized people hate tax season, but this year Uncle Sam has a special present: two extra days to prepare. Taxpayers will have until Tuesday, April 17 to... Read more >

Category: IRS

The Tax Break That Millions Miss Out On

Source: dailyfinance.com - Feb 29, 2012

By Dan Caplinger Posted 5:00PM 02/21/12 There's a popular tax break out there that paid more than 26 million workers a total of nearly $59 billion last year. Yet as many as 1 in 4 of those who... Read more >

Category: IRS

5 tricky tax challenges

Source: money.cnn.com - Feb 29, 2012

By Amy Feldman@MoneyFebruary 28, 2012: 5:42 AM ET (MONEY Magazine) -- With the Bush tax cuts slated to expire at the end of this election year, consider this filing season the calm before the tax... Read more >

Category: IRS

IRS Releases the Dirty Dozen Tax Scams for 2012

Source: irs.gov - Feb 23, 2012

IR-2012-23, Feb. 16, 2012 WASHINGTON –– The Internal Revenue Service today issued its annual “Dirty Dozen” ranking of tax scams, reminding taxpayers to use caution during tax season to... Read more >

Category: IRS

Louisiana tax credit convinces Isis Capital to relocate to New Orleans

Source: nola.com - Feb 15, 2012

By Jaquetta White, The Times-Picayune The Louisiana tax credit program that state officials have touted as the key component in luring high-profile software firms Gameloft and Electronic Arts to... Read more >

Category: IRS

IRS Unveils New Version of Smartphone App; IRS2Go 2.0 Offers Videos, Tax Help

Source: irs.gov - Feb 15, 2012

IR-2012-16, Feb. 8, 2012 WASHINGTON — The Internal Revenue Service announced today the availability of IRS2Go 2.0, an expanded version of its smartphone application designed to provide taxpayers... Read more >

Category: IRS

IRS Gives Guidance On Veterans Tax Credit

Source: tax-news.com - Feb 15, 2012

by Mike Godfrey, Tax-News.com, Washington 13 February 2012 The United States Internal Revenue Service (IRS) has released the guidance and forms that employers can use to claim the newly-expanded... Read more >

Category: IRS

US Tax Preparers Face New Education Requirements

Source: tax-news.com - Feb 15, 2012

by Mike Godfrey, Tax-News.com, Washington 14 February 2012 The United States Internal Revenue Service (IRS) has reminded certain tax return preparers that they must complete 15 hours of continuing... Read more >

Category: IRS

IRS Upbraided Over Restitution Payments

Source: usa-tax-news.com - Feb 9, 2012

by Mike Godfrey, Tax-News.com, washington Tuesday, February 07, 2012 The United States Internal Revenue Service (IRS) does not have effective internal controls to ensure defendants convicted of... Read more >

Category: IRS

Switzerland Yields To US Tax Demands

Source: tax-news.com - Feb 9, 2012

by Ulrika Lomas, Tax-News.com, Brussels 06 February 2012 Following mounting pressure from the US attorney’s office, Switzerland has finally handed over to US investigators comprehensive,... Read more >

Category: IRS