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.

jpghouse

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]

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]

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]

IRS Agrees To Share Copies Of Fake Tax Returns With Victims Of Identity Theft

IRS Agrees To Share Copies Of Fake Tax Returns With Victims Of Identity Theft

After lawmakers called on the Internal Revenue Service for more transparency for victims of identity theft, the agency says it will give those people copies of fake tax returns filed using their name and information. [More]

IRS Officials, Congress Agree That Agency Needs Better Anti-Fraud Measures

IRS Officials, Congress Agree That Agency Needs Better Anti-Fraud Measures

Congress was understandably alarmed at the news that cyberbaddies, believed to be criminals based in Russia, were able to gain access to previous years’ return data for 104,000 U.S. taxpayers. The Senate Finance Committee held a hearing today, where the Inspector General of the IRS explained that the agency simply isn’t keeping up with the criminals who want its data. [More]

IRS: Thieves Obtained Information On 100,000 Taxpayers From Transcript System

IRS: Thieves Obtained Information On 100,000 Taxpayers From Transcript System

A tax transcript is a document from the IRS that shows key information from tax returns that you’ve already filed, or changes to what you and the government owe each other that may have been made after the return was filed. You can normally order them online, but the system is now closed after the IRS learned that people identified only as “thieves” accessed transcripts for about 100,000 people. [More]

(Frankieleon)

Undercover Investigation Finds Serious Problems With Paid Tax Preparers

With the deadline for filing your annual tax return coming quickly, millions of Americans are putting their 1040s and other forms in the hands of largely unregulated paid tax preparers. But a new undercover report from the National Consumer Law Center finds that many of these preparers either don’t know what they’re doing or are allowing taxpayers to file false information. [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]

Ex-Employees Claim Intuit Let Fraudulent TurboTax Returns Through For The Money

Ex-Employees Claim Intuit Let Fraudulent TurboTax Returns Through For The Money

Are fraudulent tax returns the fault of the IRS, or caused by a weakness in the most popular software programs that consumers use to file their taxes? Former employees of Intuit, maker of TurboTax, allege that the company prevented security staff from flagging and shutting down obviously fraudulent accounts. Why? Market share. Fraudsters were ditching TurboTax and using other tax software when the company flagged their returns. [More]

(Beth Lennon)

4 Things To Think About Before Paying Your Taxes With A Credit Card

Millions of Americans will owe the IRS anywhere from a few dollars to many thousands of dollars when they file their income tax returns, and not all of them have funds available to pay what they owe. The simple answer might be to just put that bill on your credit card, but you could end up paying a lot more than you expect. [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]

(FlyinAce2000(

TurboTax Stops E-Filing Of All State Tax Returns While Investigating Fraudulent Activity

After Minnesota state tax officials stopped taking all TurboTax e-filed returns last night and other states pressed pause as well amidst possible fraudulent activity, Intuit has announced that it’s halting all state e-filed returns while it investigates criminal attempts to use stolen data to file fraudulent returns and claim refunds. [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]

(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]

How Long Should I Hold On To My Old Bills & Other Documents?

How Long Should I Hold On To My Old Bills & Other Documents?

Thank goodness for electronic billing, bill-pay and account access. The digital world can help you save time, be more organized and cut down significantly on paper… Significantly — but not completely. [More]