News

IRS Repeats Warning about Phone Scams

Source: irs.gov - Aug 15, 2014

IR-2014-81, Aug. 13, 2014 WASHINGTON — The Internal Revenue Service and the Treasury Inspector General for Tax Administration continue to hear from taxpayers who have received unsolicited calls... Read more >

Category: IRS

Tax Dodgers' Land for Sale; May Be Booby-Trapped

Source: abcnews.go.com - Aug 15, 2014

The New Hampshire compound of a tax-evading couple convicted of amassing an arsenal of weapons and holding federal law enforcement officials at bay for months is being sold at auction — even as... Read more >

Category: General Business

IRS Offers More Incentives for Tax Whistleblowers

Source: accountingtoday.com - Aug 12, 2014

The Internal Revenue Service has expanded its awards to whistleblowers, allowing tipsters to claim a potentially greater share of the proceeds the IRS collects on extra tax revenue. The final... Read more >

Category: IRS

More Americans Quit US Before FATCA Begins

Source: tax-news.com - Aug 11, 2014

According to Treasury Department statistics published in the Federal Register, a record number of 1,577 United States taxpayers gave up their passports or their green cards in the first half of... Read more >

Category: IRS

IRS Clarifies US Energy Production Tax Credit Compliance

Source: tax-news.com - Aug 11, 2014

The United States Treasury Department and the Internal Revenue Service (IRS) have issued a notice clarifying what it means to "begin construction" on a project for the purposes of the renewable... Read more >

Category: IRS

IRS Imposes New Limits On Tax Refunds By Direct Deposit

Source: forbes.com - Aug 11, 2014

While taxpayers were popping returns into the mail this year, scammers were busy trying to figure out how to cash in. The Internal Revenue Service reported that, by Tax Day, they were investigating... Read more >

Category: IRS

Studyin' up on back-to-school tax breaks

Source: philly.com - Aug 11, 2014

WASHINGTON - It's back-to-school shopping season, meaning parents everywhere are dragging their kids to the store to stock up on notebooks and supplies or to nab the perfect first-day-of-school... Read more >

Category: General Business

Tax Free Weekend 2014: Dates And List Of States Offering No Sales Tax In August

Source: ibtimes.com - Jul 31, 2014

It may feel as though summer just started, but it’s already time to begin shopping for back-to-school. Thankfully, this weekend, when many states will celebrate Tax Free Weekend, is your chance... Read more >

Category: Louisiana

Former IRS Employee Arrested in Identity Theft Ring

Source: accountingtoday.com - Jul 28, 2014

A former Internal Revenue Service employee was arrested and charged with participating in an identity theft conspiracy that used information stolen from the files of other IRS employees. The... Read more >

Category: IRS

Fictitious Applicants Able to Get U.S. Health-Insurance Tax Credits

Source: online.wsj.com - Jul 25, 2014

Fictitious applicants who went on the federal exchange set up under the Affordable Care Act were able to fraudulently get approved for coverage and health-insurance tax credits, according to a new... Read more >

Category: General Business

Tale of the Tapes: IRS head confirms investigators have found backup tapes in Lerner probe

Source: foxnews.com - Jul 25, 2014

The head of the IRS confirmed Wednesday that investigators looking into missing emails from ex-agency official Lois Lerner have found and are reviewing "backup tapes" -- despite earlier IRS claims... Read more >

Category: General Business

Appeals court panels issue split decision on Obamacare

Source: usatoday.com - Jul 25, 2014

WASHINGTON — A divided federal appeals court panel dealt a potentially major blow to President Obama's health care law Tuesday, ruling that participants in health exchanges run by the federal... Read more >

Category: General Business

Obama: Tax-fleeing companies ‘wrong’

Source: spokesman.com - Jul 25, 2014

LOS ANGELES – President Barack Obama urged Congress on Thursday to end a controversial practice that allows U.S. companies to relocate abroad to avoid paying billions of dollars in federal... Read more >

Category: General Business

Tax Information for Students Who Take a Summer Job

Source: irs.gov - Jun 3, 2014

IRS Special Edition Tax Tip 2014-13, May 19, 2014 Many students take a job in the summer after school lets out. If it’s your first job it gives you a chance to learn about the working world.... Read more >

Category: IRS

Hurricane Preparedness Sales Tax Holiday

Source: revenue.louisiana.gov - May 20, 2014

2014 Louisiana Hurricane Preparedness Sales Tax Holiday Saturday, May 24 & Sunday, May 25 Louisiana Revised Statute 47:305.58 provides for an annual state sales tax holiday on sales of... Read more >

Category: Louisiana