RefundtalkApplying for financial aid just got a little bit harder for families looking to get a bit of help sending someone to college next fall. As of yesterday, the U.S. Department of Education and IRS jointly announced the suspension of a data retrieval tool that, among other things, makes it a lot easier for families…
Category Archives: IRS NEWS
IRS Investigated 3,400 Cases of Tax ID Theft, Laundering, Cybercrime and Terrorism in 2016
In 2016, the Criminal Investigation (CI) division of the Internal Revenue Service initiated 3,395 cases in the fiscal year 2016 that focused on tax-related identity theft, money laundering, public corruption, cybercrime, and terrorist financing. That’s according to the IRS Criminal Investigation annual report, reflecting the significant accomplishments and criminal enforcement actions taken in the fiscal year 2016.…
Avoid the Rush; Use IRS.gov for Quick Answers to Questions
The Internal Revenue Service today reminded taxpayers that the next couple of weeks, especially around Presidents’ Day, marks the busiest time of year for IRS toll-free phone services. Taxpayers can avoid the rush by getting answers to their questions on IRS.gov. The IRS will be issuing an “Avoid the Rush” series of news releases that…
IRS Answers Common Early Tax Season Refund Questions
As millions of people begin filing their tax returns, the Internal Revenue Service reminded taxpayers about some basic tips to keep in mind about their refunds. During the early parts of the tax season, early filers are anxious to get details about their tax refunds. And in some social media, this can lead to misunderstandings…
IRS “Dirty Dozen” Tax Scams Includes Return Preparer Fraud
The 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…
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…
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