Do Not Report Debit Card Holding Your Fraudulent $2 Million Tax Refund Stolen

Do Not Report Debit Card Holding Your Fraudulent $2 Million Tax Refund Stolen

Yes, it is tempting to lie about your income and taxes already paid on your tax return and collect a huge refund. It’s even more tempting to get that massive undeserved refund on a debit card. But that’s totally unusual, and would get the government’s attention, right? Not in Oregon, where a woman has been charged with filing fraudulent return using Turbotax, and spending the $2.1 million prepaid debit card holding her refund. [More]

Indiana, Enjoy Your Final Two Years Of "Tax-Free" Amazon Purchases

Indiana, Enjoy Your Final Two Years Of "Tax-Free" Amazon Purchases

Add Indiana to the list of states in which Amazon customers will pay sales tax when they buy something, as state officials have reached a deal that will require the online retailer to start collecting the state’s 7% tax on purchases. [More]

Amazon Cooperating With State Tax Collecting Bill, Others Not So Happy

Amazon Cooperating With State Tax Collecting Bill, Others Not So Happy

Because of a 1992 Supreme Court ruling, Amazon and other online retailers that don’t have a physical presence in a state don’t have to pay state taxes. Good news for them, and the consumers who avoid those taxes, but legislators are still pushing for those taxes to be collected. And now Amazon is onboard, which irks some smaller online retailers. [More]