No Checks In The Mail: IRS Will No Longer Accept Checks For $100 MillionThe IRS says check-processing equipment at the nation's Federal Reserve banks can't handle checks that big.
What Is Earned Income Tax Credit (EITC)?Geared primarily towards low-to-middle income, working individuals and families, the Earned Income Tax Credit (EITC) is a federal benefit able to provide relief to those who meet specific criteria, by reducing the amount of tax owed and by increasing the amount of tax monies refunded, as determined after filing. Both single and married people can benefit from EITC, regardless of whether or not they have children or other dependents.
Small Business Tax Tips: Are You Filing The Correct Forms?It’s easy to make a mistake on your taxes, especially if you are a new business owner or running a small business. Before you file, dot your i’s and cross your t’s by making sure to use the correct tax forms.
Being Uninsured In America Will Cost More In 2015Being uninsured in America will cost you more in 2015.
IRS Scammers Stealing Millions Through Phone Calls Demanding Back TaxesAggressive calls from scammers claiming to be from the IRS have conned more than $5 million from U.S. taxpayers as the victims are told they owe thousands of dollars in back taxes and are threatened with repossession and jail time.
IRS Says It Has Lost Emails From 5 More EmployeesThey are part of congressional probes into the treatment of conservative groups that applied for tax-exempt status.
Obamacare To Complicate Tax Refunds, Create 'Hefty Repayment Liabilities' But if you count on your tax refund and you're one of the millions getting tax credits to help pay health insurance premiums under President Barack Obama's law, it's not too early.
Federal Judge Orders IRS To Explain Lost EmailsA federal judge is ordering the IRS to explain under oath how it lost a trove of emails to and from a central figure in the agency's tea party controversy.
Emails: IRS Official Sought Audit Of Top GOP SenatorCongressional investigators say Lois Lerner expressed interest in an audit of Sen. Charles Grassley.
IRS To Waive Penalties For Some American Overseas AccountsThe Internal Revenue Service is offering to waive steep penalties for Americans living abroad who haven't been paying their U.S. taxes.
Report: Consumers Lying On Obamacare Application Could Face $250,000 FinePeople who are caught lying on their Obamacare applications in an effort to obtain bigger taxpayer-funded subsidies could face a maximum fine of $250,000.
IRS Paid At Least $13 Billion In Improper Tax Credits The Internal Revenue Service paid more than $13 billion in tax credits last year to people who may not have qualified, a government investigator said Tuesday.