IRS

frankieleon

IRS Warns Of Increase In W-2 Theft Scams

Tax time might still be months away, but that doesn’t mean you shouldn’t be on the lookout for possible scams: The Internal Revenue Service and FBI are warning consumers and businesses about an email scam targeting employee W-2 forms after seeing a 150% increase in incidents last year.  [More]

Thomas Hawk

Good News From The IRS: Tax Refund Identity Theft Is Way Down This Year

This tax season, you may remember Consumerist reminding you to file as early as possible, especially if you were expecting a refund or receiving certain tax credits aimed at lower-income Americans. New anti-fraud measures taken by the Internal Revenue Service and better awareness of the problem have apparently helped: The IRS reports that tax refund fraud has decreased. [More]

frankieleon

Man Declared Dead By Government For 29 Years, Kept Paying Taxes Anyway

Nearly 30 years ago, the Social Security Administration decided that a 4-year-old Minnesota boy was dead. He was not. SSA employees chalked it up to a “glitch” and promised to correct the error. They did not. And even as that boy grew up and began paying taxes, the federal government still considered him deceased, at least until his local TV station and a U.S. Senator got involved. [More]

Eric Gjerde

People Paying Back Student Loans Could Also Be Hurt By Outage Of FAFSA Tool

A Department of Education decision take down an online tool that helped student loan applicants file for aid isn’t just making things difficult on students. It’s also a problem for those who are repaying their student loans through a federal payment plan. [More]

Adam Fagen

Don’t Have Time To Finish Your Tax Return? Here’s How To File An Extension

Thanks to the holidays, Americans got a few extra days this year to file their tax returns. But even with the later deadline, you might still be lacking free time to finish your return. In that case, you should request an extension for filing (which does not extend the deadline for paying your taxes). [More]

Adam Fagen

Kingpin Of IRS Scam That Made $225K/Day Arrested In India

tuna bites

FAFSA Tool Vulnerability May Have Exposed 100K Individuals’ Personal Info

The Free Application for Federal Student Aid is a bit cumbersome, so the Department of Education tried to ease that burden by creating a tool that automatically filled in an applicant’s previous year’s tax information. That tool was suddenly taken offline last month over concerns about data security, and now we have some idea of how many applicants may have had their information exposed. [More]

Adam Fagen

IRS Will Begin Working With Private Debt Collectors This Month

The Internal Revenue Service has released additional details about its new program that turns certain delinquent accounts over to private debt collectors, giving us some idea of when these collection calls will begin, and how many accounts will be affected.
[More]

(bradhoc)

The IRS Is Now Using Private Debt Collectors; Here’s What You Need To Know

After years of warning taxpayers that the IRS will never cold call you to collect a tax debt, things are about to change as the IRS begins handing over some of its debt-collection work to private firms who probably will call you. [More]

Mike Mozart

Why Isn’t It Easier To File Your Tax Return For Free? Thank TurboTax, H&R Block

For most people, the IRS now has all the information it needs to estimate how much you owe in taxes, or how much of a refund you are due. So why is the burden on you to tell the federal government this same information? It may have something to do with the millions of dollars that H&R Block, Intuit (maker of TurboTax), and others have spent lobbying to maintain their exclusive arrangement with the IRS. [More]

(Joachim Rayos)

If You Use A Tax Preparer, Make Sure They Don’t Get Taken In By ‘Last-Minute Email’ Scam

Taxes can be complicated, and you may have last-minute tweaks to make as you pull together paperwork. Scammers are now taking advantage of this fact, posing as taxpayers to siphon away their annual refunds. [More]

Adam Fagen

IRS Waiting On 1 Million Taxpayers To Claim Almost $1B In Refunds From 2013

There is free money to be had, but you don’t have much time: Just like last year, the Internal Revenue Service says about one million taxpayers have yet to collect nearly a billion dollars in federal refunds from the 2013 tax year. [More]

Alessandro Bonvini

Lawsuit: Woman Harassed After ‘Howard Stern Show’ Airs Her Phone Call With IRS Agent

You may remember the story of the Massachusetts woman who thought she was just talking to an Internal Revenue Service agent on the phone, when really, their private call — including her personal information — was being broadcast to listeners of Howard Stern’s radio show. She’s now suing both the IRS and the show. [More]

Adam Fagen

Taxpayers Have A Bill Of Rights Too

It’s tax season, which means you should be preparing your return or getting ready to do so, if only so an identity thief doesn’t get there first and file a fake return to swipe your refund. What you should remember as you file and if you encounter any problems with the IRS is that taxpayers have specific rights that apply to everyone. [More]

Phillip Pessar

Late Tax Refunds Could Mean Fewer People Watching Super Bowl On New TVs

The Internal Revenue Service recently announced that millions of tax refunds may be delayed this year as the agency tries to combat fraud. Some experts say this delay could have an unintended consequence: fewer new TVs tuned in to this Sunday’s Super Bowl. [More]

AJENT.MSG

Tax Season Is Now Open: Here’s Why You Should File ASAP

As of today, tax season is officially open! While you might want to file as early as you can if you’re expecting a refund, there’s also a very good reason why you should file as soon as you have your documents in order: to block overseas identity thieves from doing it first. [More]

frankieleon

If You’re Relying On Your Tax Refund, IRS Warns It May Come Late This Year

There are just a few weeks left until tax preparation season kicks off, and today the Internal Revenue Service had some bad news for families that receive the earned income tax credit or the additional child tax credit: they will not receive their tax refunds until the end of February. [More]

pjpink

Scammy Indian Call Centers Made Up To $225K/Day Pretending To Be From IRS

No one wants to get a call from the Internal Revenue Service, and for many people the tax return process is confusing and fraught with potential for errors. So when someone calls claiming to be from the IRS and in need of more information, or saying you need to pay up or face arrest, you might assume it’s a legitimate call. It’s not. This week, police in India detained hundreds of employees from three different call centers for allegedly making these sorts of scam calls — and raking in big money in the process. [More]