RefundtalkThe IRS has issued their annual Dirty Dozen list of tax scams, and once again, identity theft tops this year’s scams, with phone scams and phishing schemes ranked second and third, respectively. You can help your clients – and your own practice – safeguard themselves against efforts to steal their personal information, scam them out…
Category Archives: IRS NEWS
IRS warns W-2 phishing scam is spreading
The Internal Revenue Service is cautioning a variety of organizations that the W-2 phishing email scam is now spreading to more organizations beyond corporate America, with schools, restaurants, hospitals and tribal groups now being targeted by cybercriminals. Last week, the IRS issued a warning about the scam reappearing this tax season for the second year…
How New Security Safeguards will Affect You for 2017
How will the new safeguards affect me? The goal at the IRS is to verify your identity and the validity of your return before the return is accepted for processing. We’ve been working with state tax agencies and the tax industry to strengthen safeguards that protect you from identity theft. The 2017 safeguards are aimed…
2017 Tax Filing Season Set to Begin Jan. 23 for Taxpayers
The Internal Revenue Service announced Monday that the nation’s tax season will begin Monday, Jan. 23, 2017 and reminded taxpayers claiming certain tax credits to expect a longer wait for refunds. The IRS will begin accepting electronic tax returns that day, with more than 153 million individual tax returns expected to be filed in 2017.…
As Holidays Approach, IRS Reminds Taxpayers of Refund Delays
As the holidays approach, the Internal Revenue Service today reminded taxpayers to remember that a new law requires the IRS to hold refunds until mid-February each year for people claiming the Earned Income Tax Credit or the Additional Child Tax Credit. In addition, new identity theft and refund fraud safeguards put in place by the…
IRS Aims to Improve Tax Preparer Security to Combat ID Theft
The Internal Revenue Service has launched the second year of its public awareness campaign aimed at improving taxpayer security in partnership with tax software companies, tax preparation chains, and state tax authorities. The campaign from the IRS and its partners in its Security Summit program includes a series of security awareness tax tips, a set…
TREY GOWDY Got The IRS To ADMIT That THEY HAVE NO IDEA….
In life, there are things you just know, chief among which is the fact that you never, ever mess with Trey Gowdy, especially when you’re clueless on a particular issue because he will knock you squarely into the middle of next week. A while back, the IRS, on order from the Obama Administration, was unfairly…
The IRS Swindles $43 MILLION From American Taxpayers Over ‘Crimes’ That Were Never Committed
The IRS has unjustly seized $43 million from over 600 people under the guise of violating structuring laws, despite the fact that no legitimate crimes were committed. According to federal law, whenever someone conducts a cash transaction that exceeds $10,000, the bank is required to file a currency transaction report with the Treasury Department.…
IRS Spent $12 Million For Microsoft Software That It Couldn’t Even Use
IRS Wasted $12 Million Dollars on Unusable Email System A report released by the Treasury Inspector General for Tax Administration (TIGTA) revealed that the IRS (Internal Revenue Service) spent $12 million on an email system that it couldn’t use. The agency purchased two years’ worth of email software subscriptions from Microsoft before finding out that…
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