Internal Revenue Service
The IRS wants $3.2 billion to cover back taxes that it says are owed by a prominent Texas businessman and his late brother who the IRS says hid income by setting up overseas trust funds.
There’s only one day left to file your income taxes so if you haven’t done them you’d better hurry. And if you have done your taxes there’s a possibility you’ll run into a problem frustrating lots of North Texans – tax identity theft.
Geared primarily towards low-to-middle income, working individuals and families, the Earned Income Tax Credit (EITC) is a federal benefit able to provide relief to those who meet specific criteria, by reducing the amount of tax owed and by increasing the amount of tax monies refunded, as determined after filing. Both single and married people can benefit from EITC, regardless of whether or not they have children or other dependents.
It’s easy to make a mistake on your taxes, especially if you are a new business owner or running a small business. Before you file, dot your i’s and cross your t’s by making sure to use the correct tax forms.
Imagine getting a call from the IRS, threatening to seize your home and telling you local police are on their way to arrest you. It’s happening in Irving… but the calls are bogus.
The Dallas office of the Internal Revenue Service has come under federal scrutiny, but not because of anything to do with taxpayers’ money.
Experts recommend using some type of guidance to navigate forms and maximize your returns.
The IRS expects 75 percent of all 2012 returns will get a refund, so if you haven’t started preparing your taxes yet, do it.
Each year, phony businesses set up temporary shop with the sole purpose of stealing your money. Now the Internal Revenue Service (IRS) is advising you to be on the lookout for phony tax preparers.
The IRS is tackling a rapidly growing problem — tax-related identity theft. Last year, there were more than 640,000 incidents of tax fraud; most involving the theft of social security numbers to file false tax returns claiming monies due.
If each year you are an ‘early bird’ and complete and file your taxes as soon as legally possible, listen up! The ‘fiscal cliff’ fiasco is having a trickle down effect and the Internal Revenue Service has postponed the start of tax filing season.
Anson Chi, the man who was arrested in connection with a bomb that went off near a gas main line, has been indicted.