(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]

Ohio Residents May Need To Take “Quiz” Before Getting State Tax Refunds

Ohio Residents May Need To Take “Quiz” Before Getting State Tax Refunds

If you’re an Ohio resident and you’re expecting a refund on your state taxes this spring, you might have to go online and take a personalized “quiz” in order to prove you are who you claim to be before you can get your money. [More]

(Mike Mozart)

TurboTax Resumes E-Filing Of All State Tax Returns After Pause To Investigate Fraud

Just a short time after Intuit announced on Friday that it would stop TurboTax electronic filing of all state tax returns to investigate fraudulent activity, the company announced filing would resume. [More]

This is not one of the dollar bills from the story below, but it is pretty cool. (Eric Gjerde)

Man Arrested While Trying To Pay Property Taxes With $600 In Intricately Folded $1 Bills

Can you pay all debts, public and private with whatever legal tender you’d like, one man alleged caused such a nuisance while trying to pay a $600 property tax bill with intricately folded singles, his efforts landed him in jail. [More]

CT Tax Commissioner: Walmart Tax Refund Service Just A Lure To Get You To Shop At Walmart

CT Tax Commissioner: Walmart Tax Refund Service Just A Lure To Get You To Shop At Walmart

Walmart recently announced a service that allows consumers who use certain participating tax preparers to pick up their refunds at a Walmart store. The program already has one high-profile detractor in the form of Connecticut Commissioner of Revenue Services Kevin Sullivan who says he believes the program is intended to get consumers to spend their refunds at Walmart. [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]

(frankieleon)

Walmart Lets People Pick Up Tax Refunds In Cash In Stores

Happy first day of tax season! Today is the first day that you can file your federal income tax return. Most Americans have to file a tax return, but a substantial number of people still don’t have bank accounts and conduct life in cash. Walmart wants to keep people in that situation away from check-cashing stores…and keep them in Walmart with a great big wad of cash in their wallets. [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]

L.A. Warning Airbnb Hosts About Their Tax-Collecting Obligations

(Chris Goldberg)

Subletting one’s home or renting out space on your own property has long been a way for some Los Angeles residents to earn some extra income without telling the taxman. And the rise of home-sharing services like Airbnb and VRBO has only encouraged more people to make money off their unused rooms. But the city of Los Angeles is now sending stern reminders to people who list properties on these sites that they have to pay taxes similar to those paid by hotel operators. [More]

New Jersey Mistakenly Tells 2,000 People They Underpaid On Taxes, Doesn’t Tell Them About Error

New Jersey Mistakenly Tells 2,000 People They Underpaid On Taxes, Doesn’t Tell Them About Error

It’s one thing for a state with nearly 4 million people filing tax returns to screw up on a couple of thousand of those filings. It’s another when the state realizes it screwed up but doesn’t make any effort to let people know of the error. [More]

Take-And-Bake Pizza Sales Tax Quandary Shows How Confusing Tax Codes Can Be

Take-And-Bake Pizza Sales Tax Quandary Shows How Confusing Tax Codes Can Be

Did you know that in some states, 24 to be exact, a Hershey bar is candy but a Twix bar is not, when it comes to taxes? I didn’t either, and it’s just that kind of baffling distinction — the Twix contains flour, and candy is classified as flourless — that’s making it hard for states to decide which foods are taxable under the sales tax code and which aren’t. [More]

Advocates: Bill Requiring IRS To Use Private Debt Collectors Would Harm Consumers

Advocates: Bill Requiring IRS To Use Private Debt Collectors Would Harm Consumers

It makes sense that the federal government would want to collect owed taxes and a proposed law would require the IRS to push that duty off to private debt collectors. However, a history of abusive practices by debt collectors and the failure of similar programs in the past has consumer advocates warning that the provision will only hurt consumers and the government in the long run. [More]

(Truthout.org)

Hackers Stole Doctors’ Tax Refunds By Breaking In To Payroll Software

Last week, we shared the scary news that a ring of tax refund fraudsters appeared to have filed tax returns on behalf of hundreds of doctors and other health care professionals, harvesting their refunds. Early theories were that hackers had used the recent release of federal data about Medicare providers, or obtained a list of doctors. The truth was even scarier. [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]

(Pete)

My Taxes Are Done. What Can I Throw Out Now?

Unless you filed for an extension, your tax return is now done and posted through the mail or beamed through the Interweb to the IRS and your state government, if required. That’s a relief. Now, what items in your files should you keep, and which can you throw out? [More]

(Alberto Cueto)

Tax Fraudsters Stealing Companies’ Databases of W-2s To File Your Taxes Before You Do

You’re great at security: you manage your long, secure passwords effectively, you shred all of your sensitive documents thoroughly, and you check your credit report and your online statements frequently. Good job! But all the micromanaging in the world can’t prevent you from being a victim of tax fraud if a hacker intercepts your W-2 and all of the information in it before it ever even gets to you. [More]