Tax News

The Latest

  • August 15, 2014

    The Internal Revenue Service (IRS) and the Treasury Inspector General for Tax Administration (TIGTA) say that a number of individuals have received unsolicited phone calls from people claiming to be the IRS and demanding immediate payment of...

  • July 17, 2014

    On Wednesday, Congressional Republicans claimed that new emails reveal the former Internal Revenue Service (IRS) official, Lois Lerner, was deliberately seeking to conceal information from Congress. Lerner, the former Director of Exempt...

  • July 1, 2014

     

    WASHINGTON ― The Internal Revenue Service announced the adoption of a "Taxpayer Bill of Rights" that will become a cornerstone document to provide the nation'...

  • June 27, 2014
     

    When it comes to taxes, wouldn’t you love to be able to use the same annoying excuses as the IRS?

    Rep. Steve Stockman (TX) thinks so. He even came up with the legislation.

    It’s called “The Dog Ate My Tax Receipts Act” and it...

  • April 25, 2014

    If you owe the IRS money, there are some important factors to keep in mind.

    The first thing to note is that the IRS is like any other "lender" – they...

  • March 24, 2014

    Modified Adjusted Gross Income (MAGI) can qualify you for a number of credits, benefits, and exclusions, which makes it important to calculate for tax purposes.

    Your MAGI is used to determine your eligibility for various Federal tax...

  • March 12, 2014

    Do you expect to get a Federal tax refund this year? There are several things that the IRS wants you, the taxpayer, to know about 2013 tax refunds.

    What’s New?

    According to their website, “The IRS issues more than 9 out of 10 refunds in...

  • February 19, 2014

    Not long after you file your federal income tax return, you may find yourself asking one very important question: Where’s my refund?

    If...

  • January 27, 2014

    If there’s anything as disconcerting as having the Internal Revenue Service (IRS) call you about a tax problem, it’s having to call them. Dealing...

  • December 9, 2013

    Doing your taxes feels as fun as a trip to the emergency ward. So, you waited. And waited.

    And here you are.

    There are two main reasons people wait until the last minute to file taxes: either they owe the government money or...