IRS Investigating How Woman’s Tax Call Ended Up On Howard Stern Show

IRS Investigating How Woman’s Tax Call Ended Up On Howard Stern Show

A woman in Cape Cod thought she was just talking to an IRS representative over the phone, but what she — and apparently the agent — didn’t realize was that their call, including her personal info, was being broadcast to listeners of Howard Stern’s radio show. [More]

(Joachim Rayos)

IRS Hung Up On 8.1 Million Taxpayers Without Answering Phone

We knew going into this tax season that budget cuts to the Internal Revenue Service would result in less help for taxpayers and a likely increase in taxpayer fraud and errors, but today IRS Commissioner John Koskinen detailed exactly how badly things went this year. [More]

Michael Bolton Serenades The IRS: You’re The Anus Of Our Country

Sir Michael Bolton reminds us all that without taxes, we can't pay the salary of Colorado National Parks procurement assistant Brian Reed.

Since 2010, Congress has cut the budget for the IRS by around 20%, resulting in thousands of jobs being cut and millions of Americans unable to get much-needed help with their tax returns this year. This has had the effect of just making some people hate the IRS even more than they already did, but is this a case of kicking a man when he’s down? [More]

(afagen)

How To Verify Your Identity In Case The IRS Suspects Suspicious Tax Return Activity

In the aftermath of revelations that fraudsters exploited TurboTax and had possibly filed bogus returns in many states, the Internal Revenue Service is contacting people linked to suspiciously filed returns, and asking them to verify their identity to find out if the return is real or not. [More]

(Mav)

IRS Impersonation Scam Is Largest In History, Cost Consumers $15.5M

The 2015 tax season has been fraught with complications, from the fraudulent use of tax returns to the “dirty dozen” scams meant to tear consumers away from their money. During a Senate Finance Committee hearing exploring ways in which consumers could better be protected from such hustles, federal investigators divulged more information about one of the most prevalent tax-time scams in recent years, saying it has now targeted 366,000 taxpayers to the tune of $15.5 million. [More]

(tomQ)

Report: Taking For-Profit Colleges Nonprofit Can Generate Hefty Profits For Owners

Earlier this year Education Credit Management Corporation bought 56 campuses from embattled for-profit chain Corinthian Colleges Inc. and took the schools to the nonprofit sector. While that conversion was initiated because of the ongoing collapse and financial problems facing CCI, other college chains have dropped the for-profit status seemingly to pick up hefty profits. [More]

(JeepersMedia)

Lawmakers In House, Senate Investigating Fraudulent Returns Filed With TurboTax

Joining the Federal Bureau of Investigation and the Internal Revenue Service on the case of bogus tax returns filed used Intuit’s TurboTax software will now be lawmakers from both the House and Senate, who have started probing the recent flurry of fraudulent activity. [More]

(Mike Mozart)

FBI Now Investigating Possible Fraudulent Federal Tax Returns From TurboTax

Days after TurboTax resumed e-filing of all state tax returns following a third-party security expert’s finding that fraudulent activity reported by state tax officials did not result from a breach of Intuit’s own systems, federal regulators announced they would take a look for themselves. [More]

(Adam Fagen)

IRS Issues List Of “Dirty Dozen” Scams Taxpayers Should Be On The Lookout For This Year

Each tax season fraudsters manage to separate taxpayers from billions of dollars by using aggressive schemes such as impersonating Internal Revenue Service agents or employing emails and websites designed to gather consumers’ personal information for fraudulent use. This year, the IRS has issued a list of the “Dirty Dozen” scams consumers should guard against. [More]

(Jimmybionic)

IRS Says Thousands Have Been Scammed Into Paying Bogus Back Taxes

Let’s be honest for a moment and acknowledge that not everyone is 100% honest or accurate when filing their tax returns. There are lots of people out there who wouldn’t be shocked to hear from the IRS that they owe more or didn’t pay enough, which is why thousands of Americans have been scammed out of millions of dollars by con artists pretending to represent the IRS. [More]

(Alberto Cueto)

Beware Of Unprepared, Unscrupulous Tax Preparers

While one might assume that it requires a modicum of tax expertise and perhaps some sort of certification to be a paid tax preparer, the sad fact is that most states have little to no standards for selling tax preparation services, meaning that once again millions of Americans are being put at risk when seeking help with their tax returns. [More]

(JimmyBionic)

While the Internal Revenue Service won’t be accepting electronically filed tax returns until Jan. 20, the agency’s Free File program is open starting today for those taxpayers who make an adjusted gross income of $60,000 or less. The Free File site features free access to federal tax preparation and e-filing software from 14 different tax-prep companies, and offers helpful links to help guide taxpayers through the process. [IRS.gov Free File]

(bradhoc)

More Than Half Of All Taxpayer Calls To The IRS Could Go Unanswered This Year

Seeking tax preparation help from the Internal Revenue Service this year might be a futile test of patience, as the agency’s taxpayer advocate predicts services for taxpayers are likely to drop to the worst levels in more than a decade. [More]

IRS Turning Its Baleful Gaze At Company Cafeterias That Churn Out Free Food

(toonbobo)

Do you hear that noise? It’s thousands of forks clattering in the hands of Silicon Valley employees currently enjoying a free lunch. The Internal Revenue Service is taking a closer look at the trend of company cafeterias shoveling free food onto employees’ plates, saying that smorgasbord is a taxable fringe benefit. [More]

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]