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]
taxpayers
IRS Waiting On 1 Million Taxpayers To Claim Almost $1B In Refunds From 2013
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]
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]
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]
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]
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]
Fed Chairman: A.I.G. Was Essentially Running An Irresponsible Hedge Fund
Fed Chairman Ben Bernanke told the Senate Budget Committee he was “angry” at A.I.G. for exploiting a loophole in the regulatory system in order to run what was essentially a hedge fund tied to an insurance company.
White House To Citi: Don't Even Think About Buying Luxury Jets With Taxpayer Money
Yesterday, we wrote that Citigroup had decided to spend $50 million of its bailout money on a French luxury jet to ferry execs around town. The White House was not pleased about this.
Bailed Out Citigroup Stimulates French Economy By Purchasing $50 Million Corporate Jet
With $45 billion in taxpayer funds burning a hole in its pocket, Citigroup is purchasing a $50 million Dassault Falcon 7X, according to the New York Post. Apparently none of the existing jets that ferried execs to Washington to ask for bailout funds was ironic enough.
What Will The Largest Government Bailout Of Private Industry In US History Look Like?
A bailout of some kind is coming, but no one seems to know what it will look like and who it will help. The Wall Street Journal says that Senate Banking Committee Chairman Christopher Dodd of Connecticut has some ideas that might not go over too well with the Treasury Department.
IRS to Cut 50% of Rich People Auditors
The federal government is moving towards cutting half of the IRS workers who audit the wealthiest Americans’ returns.