People Still Falling For Fake IRS Phone Demand Scam

People Still Falling For Fake IRS Phone Demand Scam

Remember the scam that we kept hearing about during tax season, where victims received a phone call from a person pretending to represent the Internal Revenue Service who demanded immediate payment on a prepaid debit card? People just keep on falling for it. Yes, even now that most people have turned in their tax returns. [More]

10 Ways To Not Suck At Spending Your Tax Refund

10 Ways To Not Suck At Spending Your Tax Refund

Tax season is finally over, and hopefully you’re one of the lucky ones who is expecting a tax refund rather than one of those who has to send even more money to the IRS. But before you spend that money on a third 72″ LED for your yacht, there are several more sensible ways to use your refund. [More]

Ask Tax Dad: Doula Deductions, Pension Distributions, And The Sandwich Generation

Ask Tax Dad: Doula Deductions, Pension Distributions, And The Sandwich Generation

Historically, our staff Certified Tax Cat has handled readers’ questions about taxes, but he took feline early retirement and hung up his oversized eyeglasses. Filling in for him is Laura’s dad, a retired accountant and real live independent tax preparer. Exclusively on Consumerist, Tax Dad answers your questions. [More]

Ask Tax Dad: I Just Can’t Quit Itemizing My Deductions

Ask Tax Dad: I Just Can’t Quit Itemizing My Deductions

Historically, our staff Certified Tax Cat has handled readers’ questions about taxes, but he took feline early retirement and hung up his oversized eyeglasses. Filling in for him is Laura’s dad, a retired accountant and real live independent tax preparer. Exclusively on Consumerist, Tax Dad answers your questions. [More]

IRS Decision To Tax Bitcoin As Property May Slow Efforts To Widen Its Use In Retail

IRS Decision To Tax Bitcoin As Property May Slow Efforts To Widen Its Use In Retail

It’s a good-news/bad-news day for folks who have heavily invested in the Bitcoin virtual currency, after the IRS declared that will tax Bitcoins as property. On the one hand, that means that people who are profiting from their investment in Bitcoin will pay the lower taxes associated with capital gains, rather than the much higher taxes levied on foreign currency gains. On the other hand, it could mean an awful lot of record-keeping that may make it a hassle to use Bitcoins for everyday transactions like one would use a debit card. [More]

IRS Warns Of “Largest Ever” Phony Phone Call Scam

IRS Warns Of “Largest Ever” Phony Phone Call Scam

After receiving more than 20,000 reports of victims being taken in by a phone scam in which the callers pretend to be IRS officials, the tax agency’s internal watchdog has issued a public warning for consumers to be mindful of unsolicited calls claiming to be from the IRS. [More]

Ask Tax Dad: Mobile Home Sale, Sisterly Support, And Son Leaves The Nest

Ask Tax Dad: Mobile Home Sale, Sisterly Support, And Son Leaves The Nest

Historically, our staff Certified Tax Cat has handled readers’ questions about taxes, but he took feline early retirement and hung up his oversized eyeglasses. Filling in for him is Laura’s dad, a retired accountant and real live independent tax preparer. Exclusively on Consumerist, Tax Dad answers your questions. [More]

Protect Your Refund: Consumer Advocates Warn Tax  Scammers Will Steal Your Identity

Protect Your Refund: Consumer Advocates Warn Tax Scammers Will Steal Your Identity

It’s that time of year again: tax time. While almost everyone is excited for their well-earned tax return to arrive, there’s a group of people ready to take that money away from you. Thankfully, the National Consumers League wants to make sure consumers don’t fall victim to tax ID thieves. [More]

Appeals Court Ruling Means Tax-Preparers Will Continue To Go Largely Unregulated

Appeals Court Ruling Means Tax-Preparers Will Continue To Go Largely Unregulated

The federal government’s attempt to rein in the virtually unregulated tax-preparation industry was dealt a serious blow this morning after a federal appeals court upheld a lower court ruling that the IRS overstepped its authority by trying to require registration and testing for all tax preparers. [More]

Ask Tax Dad: How Do I E-File? What’s A Deduction, Anyway?

Ask Tax Dad: How Do I E-File? What’s A Deduction, Anyway?

Historically, our staff Certified Tax Cat has handled readers’ questions about taxes, but he took feline early retirement and hung up his oversized eyeglasses. Filling in for him is Laura’s dad, a retired accountant and real live independent tax preparer. Exclusively on Consumerist, Tax Dad answers your questions. [More]

(Karen_Chappell)

The IRS Will Not Call To Collect Your Overdue Taxes Via Greendot MoneyPak

Police across the country have a warning for the public. It should be obvious that the Internal Revenue Service will not call you up and threaten to throw you in prison unless you load money onto their prepaid debit card. This isn’t obvious to everyone, though, and scammers use that to their advantage. [More]

Ask Tax Dad: Micro-Business, Rental Home, Deadbeat Ex, And Government Shutdown

Ask Tax Dad: Micro-Business, Rental Home, Deadbeat Ex, And Government Shutdown

Historically, our staff Certified Tax Cat has handled readers’ questions about taxes, but he’s taking a leave of absence to campaign for the legalization of medical catnip. Filling in for him is Laura’s dad, a retired accountant and real live independent tax preparer. Exclusively on Consumerist, Tax Dad answers your questions. [More]

5 Things People Do On Tax Returns That Can Lead To IRS Audits

5 Things People Do On Tax Returns That Can Lead To IRS Audits

Can you smell it in the air? That’s the distinct scent of Tax Season approaching. So in these days leading up to everyone’s favorite time of year, here are some reminders about the red flags the IRS looks for when deciding whether to audit a taxpayer. [More]

Ask Tax Dad: Send Us Your Questions For Consumerist’s Tax Columnist

Ask Tax Dad: Send Us Your Questions For Consumerist’s Tax Columnist

It’s almost time for W-2s and other tax documents to start winging their way from employers to our homes, and for the anxiety-inducing yearly tax season to begin. But taxes don’t have to be scary if your dad is there to help. Or, if your own dad isn’t around or doesn’t know anything about taxes, how about my dad? [More]

When 47 States Have Stricter Regulations On Barbers Than On Tax Preparers, Mistakes Are Going To Be Made

When 47 States Have Stricter Regulations On Barbers Than On Tax Preparers, Mistakes Are Going To Be Made

If you visit a legitimate barber, hairdresser, or cosmetologist in any state in the U.S., that person will have gone through some sort of state-mandated education, testing, and licensing procedure. Yet only three states have any substantive requirements for someone employed as a tax preparer. Not surprisingly, a new report finds that this lack of quality control results in a large amount of errors, fraud, and abuse. [More]

Flexible Spending Accounts Get A Little Less Inflexible With Ability To Roll Money Over

Flexible Spending Accounts Get A Little Less Inflexible With Ability To Roll Money Over

Some 14 million American families participate in employer-sponsored flexible spending accounts that let you put pre-tax money into an account to be used on medical expenses that aren’t covered by insurance. But millions of consumers elect not to have an FSA because of the “use it or lose it” requirement that forfeits unused funds at the end of the year. So in an effort to get people participating, the IRS will be allowing companies to offer FSAs that let employees roll over up to $500 in unused funds into the next year. [More]

(arsheffield)

Tax Season Will Start Late This Year Due To Government Shutdown

Those 16 days the government spent shut down will have far-reaching consequences into the future. Basically the Internal Revenue Service just can’t get those two weeks back, and as such it’ll be delaying the start of the 2014 tax filing season by one to two weeks. [More]

(frankieleon)

Government Shutdown Furloughs IRS Taxpayer Advocates, Keeps Imposing Tax Levies

Earlier this week, we pointed out that just because most of the federal government is closed for business, that doesn’t mean citizens get out of our obligation to pay taxes. If what the IRS is asking you to pay is confusing or unfair, we usually recommend that readers turn to the Taxpayer Advocate Service. Those noble workers are furloughed during the shutdown. [More]