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Facebook Might Owe The IRS As Much As $5 Billion In Back Taxes

You know what giant corporations really hate to do? Spend lots of their revenue on taxes. And you know what they have to do anyway? Exactly that. But the IRS is saying that Facebook may not have done enough of it, in past years, and may be on the hook for a big fat chunk of cash overdue to the U.S. government.

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Adam Fagen

IRS Relaunches “Get Transcript” Online Tool, Promises It’s More Secure

A year after the Internal Revenue Service said hackers used stolen Social Security numbers and other information gleaned from the agency’s system in an attempt to access hundreds of thousands of taxpayers’ accounts, the agency says that the Get Transcript tool at the heart of the attack is back online. [More]

ArksEndeavors

4 Ways To Avoid The “Student Loan Tax” Scam

Being on the hook for thousands of dollars in student loan debt is pressure enough for most people. They shouldn’t also have to worry about being taken advantage of by “student loan tax” fraudsters in what appears to be the latest iteration of the IRS impersonation scam. [More]

Adam Fagen

6 Things We Learned About The IRS’s Fight Against Fraud And Identity Theft

Things are difficult for the IRS right now. For the last few years, people contacting the IRS have encountered lengthy phone hold times, and identity theft and refund fraud drain billions of dollars’ worth of tax refunds into the pockets of international criminals. The Government Accountability Office has the job of overseeing government agencies, including the IRS, and it released a new report today about its issues and possible ways to fix them. [More]

Adam Fagen

Before any of you wake up in a panic this morning, realizing it’s April 15 and you haven’t filed your annual tax return, remember that Tax Day is actually April 18 this year. That’s because Emancipation Day (April 16) falls on a Saturday this year. This holiday — recognized in Washington, D.C. — is being observed today, meaning the D.C.-based IRS office is closed for the day. So enjoy the extra few days, but remember that you’ll still have to file (at least an extension) after the weekend is done.

JeepersMedia

IRS Now Accepting Cash Tax Payments At Your Local 7-Eleven

Jonesing for a Slurpee and still need to pay your taxes? You can kill two birds with one stone with the Internal Revenue Service’s new payment option: taxpayers can fork over what they owe in cash at one of the participating 7,000 7-Eleven locations in the country. [More]

Adam Fagen

IRS Wants Your Help To Make Its Website Better

Earlier this year, the Internal Revenue Service announced that its website was used as an avenue for hackers to get their hands on nearly 500,000 stolen Social Security Numbers. While those ne’er-do-wells apparently didn’t have a difficult time traversing the site, consumers who actually head to the portal for help during tax time aren’t so lucky. For that reason, the agency is asking for help in revamping its online presence — and a chance to win $10,000.  [More]

Vileinist

Would You Get An IRS Tattoo If It Meant Never Paying Taxes Again?

You might love your mother enough to get her name tattooed on your arm, but what about the Internal Revenue Service? Though it’s unlikely that your average taxpayer would permanently ink the agency’s name on their dermis out of sheer love, some Americans say they’d get an IRS tattoo if it meant they would never have to pay taxes again. [More]

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No, The IRS Will Not Call You To Verify Your Tax Return Information

Because trying to steal money from others will never get old for criminals, scammers are constantly changing tacks to come up with new ways to rake in their ill-gotten gains. This tax season, there’s a new trick bedeviling taxpayers over the phone. [More]

earth2kim

IRS Waiting On 1 Million Taxpayers To Claim Almost $1B In Refunds From 2012

Because we know our readers aren’t the type to pass up free money, now would be a good time for you to check and make sure you claimed your 2012 tax refund: according to the Internal Revenue Service, about a million taxpayers have yet to collect almost a billion dollars in federal refunds from that tax year. And the clock is ticking. [More]

IRS Tool To Protect Identity Theft Victims Vulnerable To Identity Thieves

IRS Tool To Protect Identity Theft Victims Vulnerable To Identity Thieves

Every year, we warn you about tax return identity theft: bad guys all over the world obtain enough personal information about U.S. taxpayers to file fake tax returns and steal our refunds. After a taxpayer’s identity gets stolen in this way, the Internal Revenue Service issues them a special identification number that they have to enter when filing their tax return. The problem is that these numbers are pretty easy to access, too, and the IRS doesn’t have a good replacement yet. [More]

IRS: Email, Text Scams Targeting Taxpayers Up 400% This Year

IRS: Email, Text Scams Targeting Taxpayers Up 400% This Year

It’s tax season, which means it’s the prime time for scammers to crawl out from underneath their scammy rocks and try to nab taxpayers’ personal info. So far, this year’s electronic tax scams are even more prevalent than before, the Internal Revenue Service says, surging 400%. [More]

ID Thieves Attack IRS Website Using 460,000 Stolen Social Security Numbers

ID Thieves Attack IRS Website Using 460,000 Stolen Social Security Numbers

One of the worst things an identity thief can do with a stolen Social Security number is use it to then claim that person’s tax refunds. The Internal Revenue Service has revealed that ID thieves recently tried to attack IRS.gov in an effort to cash in on 460,000 stolen SSNs. [More]

IRS: You’ll Have Until April 18 To File Your Taxes This Year

IRS: You’ll Have Until April 18 To File Your Taxes This Year

Already stressing over doing your income taxes? You’ll have a few more days of breathing room before they’re due this year: the Internal Revenue Service has set a filing deadline of April 18. [More]

Taxpayer Advocate Concerned About IRS Plans To Move More Support Online

Taxpayer Advocate Concerned About IRS Plans To Move More Support Online

It was just last week that we wrote about how this year will probably be better than last year for U.S. taxpayers with questions or problems. Yet looking forward to the next decade or so, changes in how the IRS provides support will mean leaving some Americans behind. [More]

Advocate: Additional IRS Funding Should Be “Extremely Helpful” In Actually Helping Taxpayers

Advocate: Additional IRS Funding Should Be “Extremely Helpful” In Actually Helping Taxpayers

As we approach 2016, taxpayers might be wary of dealing with the Internal Revenue Service after last year’s identity theft problems. But according to the IRS’ national taxpayer advocate, the agency is going to be much better at dealing with taxpayers than it was last year. [More]

Scammy Used Car Dealer Also Employed By IRS

Scammy Used Car Dealer Also Employed By IRS

The owner of a former used car dealership in Arizona that admitted to defrauding dozens of customers just so happens to also be a long-time employee of the federal government, helping consumers with financial issues through an IRS Taxpayer Assistance Center.  [More]

Provision In Highway Funding Bill Would Require The IRS To Use Private Debt Collectors

Provision In Highway Funding Bill Would Require The IRS To Use Private Debt Collectors

While federal regulators continually work to crack down on private debt collectors that utilize unsavory, illegal tactics to make consumers pay up, government agencies often contract these entities to collect a variety of debts. That practice could continue if a provision in the Highway Trust Fund Bill receives approval.  [More]