Internal Revenue Service efforts to stop fraudulent tax refunds are posing problems for legitimate taxpayers waiting for their real refunds, according to the latest National Taxpayer Advocate report.
The 2017 tax filing season is still 6 months away, but the IRS is already making plans to fight tax identity theft and refund fraud that it expects to see next year.
Despite assurances that the IRS will send taxpayers letters before calling them, some auditors have been calling individuals unannounced. That’s changing.
Sen. Elizabeth Warren doesn’t like the IRS partnership with TurboTax and other tax software companies. She wants the tax agency to provide its own free filing system.
Every year, the IRS sends refunds to most tax filers. In fiscal year 2015, total refunds came to more than $403 billion, with $208 billion of that going to taxpayers in 10 states.
If you turned 70 1/2 in 2015 and have an IRA or a 401(k), the IRS says you must take a withdrawal by April 1.
Several IRS online options have been targeted by identity thieves. To slow such attacks, the agency has suspended a special tax ID number online retrieval tool.
A new investigation finds even more taxpayer accounts were accessed through the IRS Get Transcript hack. That brings to 724,000 the number of at-risk accounts.
Tax con artists tend to rely on tricks they’ve tried in past years. But regardless of whether the tax scam is old or new, don’t be fooled by these 12 scams.
The IRS, Federal Trade Commission and Social Security Administration are taking steps to protect consumers from identity theft.