Despite the warnings, the IRS reportedly came across thousands of dubious claims from taxpayers for credits for which they were not eligible. As a result, the IRS has delayed the refunds and is requesting the taxpayers under investigation to provide proof they are eligible for the credits. "Sc...
The IRS warned on Tuesday that thousands of taxpayers could face criminal prosecution if they filed false tax returns for high refunds. In a press release, the IRS reiterated a warning not to fall for tax scams centered around the Fuel Tax Credit, Sick and Family Credit, and househo...
The IRS warned on Tuesday that thousands of taxpayers could face criminal prosecution if they filed false tax returns for high refunds. In a press release, the IRS reiterated a warning not to fall for tax scams centered around the Fuel Tax Credit, Sick and Family Credit, and household e...
(The Hill) — The IRS is warning taxpayers at the opening of the 2023 tax filing season that they should expect smaller refunds due to pandemic relief measures that have been allowed to expire. A big reason is that there were no stimulus payments from the government to people to help get ...
However, the IRS is now warning taxpayers to brace for a smaller refund next year because there were no stimulus payments delivered by the federal government in 2022. In 2021, the IRS delivered a third round of stimulus payments worth up to $1,400 per person. Eligible Americans could claim...
The IRS is warning tax professionals and taxpayers of IRS scammers which attempt to steal their tax software preparation credentials. If you use eFile.com or any other software, be on the lookout for emails that claim "your account has been put on hold" or "open this email to unlock your...
July 25, 2023Just the News The IRS on Monday said it is ending its decades-long practice of agency revenue officers making unannounced visits to taxpayers, citing concerns over agent safety and an increase in scammers. Read More Congress Prepares to Unseal Testimony, Evidence from IRS Whistleblo...
The IRS is warning taxpayers about phishing and smishing scams that try to steal personal information. Scammers pretend to be the IRS and send emails or texts asking for sensitive information. They may threaten legal action or promise fake refunds to trick people. The...
Most energy costs have gone down, but it's still smart to make room in your budget for heating and electricity. Geoff WilliamsDec. 27, 2024 How Bonuses Are Taxed Understanding how bonuses are taxed can be confusing due to the withholding laws. ...
In the approximately 10 months since these taxpayers making $5 million-plus received their warning notices, just 551 of them have filed returns, according to the data given to the Senate. Felony proposals According to the Treasury Department, one way toincrease federal revenueswould be to increase...