In 2012 the IRS uncovered a mounting problem involving the thefts of innocent taxpayers’ refunds. According to the IRS, investigators found 898 identification theft cases in 2012. This is a number that has tripled in comparison to the previous years. The IRS has issued numerous media alerts and has hired an additional 3,000… Continue reading →
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The Real Numbers In A Hot Topic Issue
This years’ election debate hot topic issue was one that plagued this country since income tax was born 100 years ago. Should the wealthy pay more in taxes? Just to give some background information from the recent election President Barack Obama believed that the rich need to pay more taxes to aid the budget deficit and… Continue reading →
Tax Refunds Likely to be Delayed
It seems that some taxpayers that are looking for a “quick” refund make have to wait a bit longer than normal these days as the Internal Revenue Service tries to halt criminals that file fraudulent returns and who attempt to steal others identities. The IRS began accepting 2012 returns on January 30th. It has been… Continue reading →
Tax Time! Time to File your Taxes!
It’s that time of the year again! People need to start thinking about their taxes. Wednesday, January 30th marks the beginning of tax season for 2013. The IRS had originally planned for tax season to begin on January 22nd, but the fiscal cliff debate pushed the start date back. Everyone needs to start organizing and preparing… Continue reading →
Income Tax May Be Delayed Due To Fiscal Cliff
The fiscal cliff has been the talk of the news for the last part of 2012. The nation did not go over the fiscal cliff, however due to the delays tax refund information is uncertain. Congress’ tardy action on the fiscal cliff tax provisions has caused problems for the Internal Revenue Service. The Internal… Continue reading →
Help! What to Do if You Receive a Notice of Deficiency.
A Notice of Deficiency is a formal written claim by an agency that you owe income taxes with interest and penalty dues. The Notice of Deficiency also explains that an assessment is being calculated in regard to your income taxes owed. A Notice of Deficiency is also referred to as a “ninety day letter”; because… Continue reading →
