Pros and Cons of Outsourcing the Collection of Tax Debt The Senate Finance Committee has recently revived their discussion of outsourcing the collection of back taxes. According to certain estimates, turning the collection of delinquent taxes over to private collection agencies would save the government more than two billion dollars over a period of ten… Continue reading →
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Tax Fraud Brings Serious Consequences
Tax Fraud Brings Serious Consequences It turns out that tax fraud brings serious consequences as evidenced by the sentencing, earlier this year, of Rashia Wilson to 21 years in prison for multiple counts of aggravated identity theft and wire fraud. Ms. Wilson, otherwise known as the “Tax Fraud Queen,” was originally convicted and sentenced in… Continue reading →
New Agreement Increases Fraud Protection
New Agreement Increases Fraud Protection As a result of a Security Summit that was convened in March, the IRS has announced a comprehensive new agreement addressing the issues of tax fraud and identity theft. The agreement, which has been a work-in-progress over the past twelve weeks, comes as a result of the combined efforts of federal and state… Continue reading →
IRS Announces Online Security Breach
IRS Announces Online Security Breach On Tuesday, May 26, 2015, the IRS announced the detection of a huge security breach affecting over 100,000 United States taxpayers. This appears to be a significant online breach that occurred during the course of the 2015 tax season. According to the IRS, thieves used an online IRS agency service… Continue reading →
Smart Ideas for Spending an IRS Tax Refund
Smart Ideas for Spending an IRS Tax Refund After paying the government all year long, many taxpayers will see some money coming their way now that it is tax refund time. Even better is the fact that tax refunds have been on the rise over the past several years. The average tax refund check has… Continue reading →
Common Misconceptions about the IRS
A Few Common Misconceptions about the IRS Audits are not as common as they may seem. Although many taxpayers worry that their tax return might be selected for an IRS audit, the fact is that less than two percent of personal tax returns are audited by the IRS each year. On top of this, even if a return… Continue reading →
