"Editor's Choice"

IRS: Don't miss out on Earned Income Tax Credit

Posted January 30th, 2012 by and filed in Irs

"IRS audit" is one of most-feared phrases in the English language. While the chance of being audited is pretty low (about one in 100), the chance of being touched by the IRS is on the rise, according to my colleague Kathy Kristof.

The latest rapper to fall under Uncle Sam's radar is Bow Wow, who reportedly owes $126086.14 to the feds, according to TMZ.

On Earned Income Tax Credit Awareness Day, IRS and Partners Launch Outreach Campaign to Low- and Moderate-Income Workers.

When Charles Moore shows up at church with his family Sunday, they'll finally be wearing the nicer clothes he's wanted for them.

While filing her taxes five years ago, she was notified by the Internal Revenue Service that someone else had already filed an income tax return under her name. Rojas had become a victim of identity theft. In recent years, the IRS has seen a

Tax Tip: IRS reminds parents of 10 tax benefits

Posted January 30th, 2012 by and filed in Irs

[/caption] The Internal Revenue Service (IRS) and community partners nationwide have launched their annual outreach campaign aimed at helping millions of Americans who earned $49078 or less take advantage of the Earned Income Tax Credit (EITC).

It is a real tragedy that someone can escape an abusive marriage, only to find themselves being pursued by the IRS for the abuser's tax debts. How does it happen ? Filing a joint return will usually result in a married couple having a lower federal tax

IRS: Some refunds may be delayed | refunds, irs, murphy, taxpayers, days, electronically, delay, statement, most, filed.

IRS: Some refunds may be delayed | refunds, irs, murphy, taxpayers, days, electronically, delay, statement, most, filed.

It seems like everyone has an opinion about Chapter 7 bankruptcy – and they're all too willing to share it with you. From gut-wrenching assertions that.

IRS Tips: How to Get Prior Year Tax Information

Posted January 30th, 2012 by and filed in Irs

Only six federal agencies have higher tax debt per person than White House.

The Internal Revenue Service's so-called private letter rulings, which let funds use foreign corporations and other strategies to escape the tax implications of boosting commodity holdings above 10 percent of income, are a “blatant end-run around the

IRS: Some refunds may be delayed | refunds, irs, murphy, taxpayers, days, electronically, delay, statement, most, filed.

IRS: Some refunds may be delayed | refunds, irs, murphy, taxpayers, days, electronically, delay, statement, most, filed.

FONTANA – The AARP Tax Aide Program, working with the Internal Revenue Service's Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs, will provide tax assistance to low- and moderate-income taxpayers, with special attention to

IRS urges tax filers to check out earned income credit

Posted January 30th, 2012 by and filed in Irs

They're going to wait possibly a week or so longer than expected to get refunds as the Internal Revenue Service attempts a tougher crackdown on criminals who file fake returns to snag illegal refunds early in the season. We got news of one such case

In Wisconsin in 2010 alone 377992 families received an average of $2007, or a total of $759 million, from the Internal Revenue Service in earned income credits, according to Christopher Miller, and IRS media spokesman. In the City of Milwaukee last tax

They're going to wait possibly a week or so longer than expected to get refunds as the Internal Revenue Service attempts a tougher crackdown on criminals who file fake returns to snag illegal refunds early in the season. We got news of one such case

By Susan Tompor The Internal Revenue Service sends more than 34 million notices to delinquent taxpayers annually in its first stage of the collection process. But the average payment received in response to a notice in fiscal 2011 was just $517,

IRS urges tax filers to check out earned income credit

Posted January 30th, 2012 by and filed in Irs

By Susan Tompor The Internal Revenue Service sends more than 34 million notices to delinquent taxpayers annually in its first stage of the collection process. But the average payment received in response to a notice in fiscal 2011 was just $517,

See New IRS Offshore Amnesty Announced: Third Time's A Charm. What's income? Generally everything. Fortunately, damages for physical injuries (say, broken bones from an accident) are tax-free. What if you only suffer emotional injuries?

Dear Action Line: If your Jan. 10 online column headline.

When Charles Moore shows up at church with his family Sunday, they'll finally be wearing the nicer clothes he's wanted for them.

I've spent a good bit of time digitizing paperwork over the past couple of years. My primary weapon in this battle has been a sheet-fed scanner, though I.

IRS sites offer free tax help

Posted January 29th, 2012 by and filed in Irs

I've spent a good bit of time digitizing paperwork over the past couple of years. My primary weapon in this battle has been a sheet-fed scanner, though I.

Only six federal agencies have higher tax debt per person than White House.

Officials from the U.S. Internal Revenue Service and community partners across the country launched an outreach campaign Friday to encourage eligible taxpayers to take advantage of the Earned Income Tax Credit, a federal

The Internal Revenue Service's so-called private letter rulings, which let funds use foreign corporations and other strategies to escape the tax implications of boosting commodity holdings above 10 percent of income, are a “blatant end-run around the

In other words, each spouse can be held liable for the full amount of the tax, though the IRS can collect the tax only once. Internal Revenue Code Section 6015 authorizes the IRS to grant a spouse relief from a joint return, where it is inequitable to

Susan Tompor: IRS phone call may not help motivate taxpayer

Posted January 29th, 2012 by and filed in Irs

I now do my own taxes and read somewhere that the IRS decided late last year that these taxes will not be required for 2011 and shouldn't have been required in the years that I paid them. Is this correct? If so, is it worth the cost to hire an

The Internal Revenue Service's so-called private letter rulings, which let funds use foreign corporations and other strategies to escape the tax implications of boosting commodity holdings above 10 percent of income, are a “blatant end-run around the

They're going to wait possibly a week or so longer than expected to get refunds as the Internal Revenue Service attempts a tougher crackdown on criminals who file fake returns to snag illegal refunds early in the season. We got news of one such case

I haven't heard from the IRS about it yet. How long will it be before I can stop worrying about this. Also, since I probably didn't owe much because I w.

In other words, each spouse can be held liable for the full amount of the tax, though the IRS can collect the tax only once. Internal Revenue Code Section 6015 authorizes the IRS to grant a spouse relief from a joint return, where it is inequitable to

IRS Should End Commodity Mutual-Fund Runaround, Levin Says

Posted January 29th, 2012 by and filed in Irs

See New IRS Offshore Amnesty Announced: Third Time's A Charm. What's income? Generally everything. Fortunately, damages for physical injuries (say, broken bones from an accident) are tax-free. What if you only suffer emotional injuries?

PANAMA CITY — For several months each year Evan Brusilow does other people's taxes and he loves it. “It's fun,” Brusilow said last week. “Everybody has got a story.” Brusilow, a tax preparer, is part of a five-man team that make up the Volunteer

Pick up a side job as a waiter this year? Here's what you need to know about paying taxes on your tips.

See New IRS Offshore Amnesty Announced: Third Time's A Charm. What's income? Generally everything. Fortunately, damages for physical injuries (say, broken bones from an accident) are tax-free. What if you only suffer emotional injuries?

Only six federal agencies have higher tax debt per person than White House.

Susan Tompor: Tax return scheme delays early filers' IRS refunds

Posted January 28th, 2012 by and filed in Irs

alex miceli, golfweek magazine, golfweek, golf week, pga tour, retief goosen, irs, taxes – Retief Goosen and the Internal Revenue Service have a difference of opinion, and neither side is backing down.

IRS: Some refunds may be delayed | refunds, irs, murphy, taxpayers, days, electronically, delay, statement, most, filed.

By NICOLE DOW – ndow@sunherald.com Officials from the US Internal Revenue Service and community partners across the country launched an outreach campaign Friday to encourage eligible taxpayers to take advantage of the Earned Income Tax Credit,

IRS: Some refunds may be delayed | refunds, irs, murphy, taxpayers, days, electronically, delay, statement, most, filed.

The IRS recently relaxed its rules for payment of smaller tax liabilities. The revised procedures now allow taxpayers up to 72 months to pay their tax obligations. The new procedures also increase the maximum amount subject

Good and Better IRS News For Abuse Victims

Only six federal agencies have higher tax debt per person than White House.

It is a real tragedy that someone can escape an abusive marriage, only to find themselves being pursued by the IRS for the abuser's tax debts. How does it happen ? Filing a joint return will usually result in a married couple having a lower federal tax

There are three easy and convenient options for getting tax return transcripts and tax account transcripts from the IRS: on the web, by phone or by mail. There are eight things you need to know about getting federal tax return information from a

The Internal Revenue Service recently reopened its Offshore Voluntary Disclosure Program (OVDP) as a part of its efforts to help people hiding offshore accounts get current with their taxes. The IRS decided to reopen the OVDP following an influx of

The Internal Revenue Service recently reopened its Offshore Voluntary Disclosure Program (OVDP) as a part of its efforts to help people hiding offshore accounts get current with their taxes. The IRS decided to reopen the OVDP following an influx of

Good and Better IRS News For Abuse Victims

Posted January 28th, 2012 by and filed in Irs

Obama's IRS Return Shows His Tax Hypocrisy, Current Debate Shows Urgent Need for Corporate Tax Reform. Texas Insider Report: Washington, DC – In his State of the Union speech, Barack Obama lectured those whom he

Obama's IRS Return Shows His Tax Hypocrisy, Current Debate Shows Urgent Need for Corporate Tax Reform. Texas Insider Report: Washington, DC – In his State of the Union speech, Barack Obama lectured those whom he

IRS Commissioner Douglas Shulman appeared before a Senate Homeland Security Subcommittee to explain the agency's rulings on mutual fund activity. Since 2006, the IRS has issued over 70 private letter rulings that allow

Data from the Internal Revenue Service found that more than 279000 federal employees and retirees owed $3.4 billion in back income taxes as of Sept. 30, 2010. The data showed that 467 employees of the House of Representatives, or about 4.2 percent of

By Rachel McGrath The Internal Revenue Service is urging low- to middle-income earners in Ventura County to find out whether they qualify for a tax credit that could put thousands of dollars into their pockets. The earned income tax credit is intended

IRS delays refunds for early tax filers

Posted January 28th, 2012 by and filed in Irs

The IRS told tax professionals in an IRS alert Thursday afternoon that the one-week delay for some refunds relates to fine-tuning IRS systems to adjust for new safeguards put in place this tax season to provide stronger protection against refund fraud.

Data from the Internal Revenue Service found that more than 279000 federal employees and retirees owed $3.4 billion in back income taxes as of Sept. 30, 2010. The data showed that 467 employees of the House of Representatives, or about 4.2 percent of

IRS Commissioner Douglas Shulman appeared before a Senate Homeland Security Subcommittee to explain the agency's rulings on mutual fund activity. Since 2006, the IRS has issued over 70 private letter rulings that allow

Obama's IRS Return Shows His Tax Hypocrisy, Current Debate Shows Urgent Need for Corporate Tax Reform. Texas Insider Report: Washington, DC – In his State of the Union speech, Barack Obama lectured those whom he

IRS Commissioner Douglas Shulman appeared before a Senate Homeland Security Subcommittee to explain the agency's rulings on mutual fund activity. Since 2006, the IRS has issued over 70 private letter rulings that allow

IRS Offers Lower-Income Workers Two Tax Benefits

Posted January 27th, 2012 by and filed in Irs

The IRS is offering another amnesty program for Americans with unreported foreign bank and financial accounts. The amnesty program lets Americans, dual nationals and foreign US taxpayers avoid jail and huge penalties. MILWAUKEE, WI, January 12,

Tax issues can quickly become criminal matters if the IRS suspects that you willfully provided false documents in an att.

The Internal Revenue Service on Thursday alerted Tennesseans about two significant tax benefits that are sometimes missed. "The IRS offers options that can boost your tax refund and let you avoid paying a tax preparation fee," said IRS spokesman Dan

The Internal Revenue Service on Thursday alerted Tennesseans about two significant tax benefits that are sometimes missed. "The IRS offers options that can boost your tax refund and let you avoid paying a tax preparation fee," said IRS spokesman Dan

Lexology reports that earlier this week the Internal Revenue Service launched a new online search tool to help members of the public locate information about tax-exempt organization. Exempt Organization Select Check

IRS Tax Tip: Online Tax Center Offers Tools and Resources for Small Businesses …

Posted January 26th, 2012 by and filed in Irs

Louisiana Treasurer John Kennedy is reminding taxpayers to check to see if the IRS owes them old federal income tax refunds.

IRS NOW COMBING PROPERTY TITLE RECORDS Compliance Initiative Gets Wings from Federal Court The IRS is moving on a compliance initiative pointed at the federal gift tax laws. The compliance initiative involves

Taxpayer Advocate, Nina Olson raises concerns of IRS tax evader preference and future collection confusion over the treatment of accidental tax evaders.

Often , develop learned that they can lower have misfiled or not claimed a cosy item, including done some miscalculations their very own taxes, which make them owe back IRS taxes. You might cases when people just forgot

The Internal Revenue Service's so-called private letter rulings, which let funds use foreign corporations and other strategies to escape the tax implications of boosting commodity holdings above 10 percent of assets, are a “runaround” of the law that

IRS Tax Tips for the week of January 23:

But pity the poor Internal Revenue Service, which is having its own problems getting the job done, because, says Nina E. Olson of National Taxpayer Advocate, it isn't being given enough money by Congress. From the AP report: “The overriding challenge

The taxpayer advocate's annual report to Congress was recently released and one of the more useful parts of the report is its rundown of issues that taxpayers and the Internal Revenue Service most frequently end up fighting out in court.

24 (Bloomberg) — General Electric Co. lost a US challenge of its 2009 victory in a battle with the US Internal Revenue Service over tax benefits from a partnership structure with Dutch banks. The US Court of Appeals in New York today reversed an

Every year the IRS issues a refund chart for that tax year. It gives taxpayers an expected date their refund will be deposited or mailed. Of course, they reserve the right to take more time should the return need more

The Romney campaign posted a statement by former IRS Commissioner Fred Goldberg saying Romney and his wife had “fully satisfied their responsibilities.” “I have reviewed Governor and Mrs. Romney's joint tax return for 2010, including returns for the