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Appealing an IRS Audit

Submitted by admin on Fri, 1/28/2011 - 12:00 am

As IRS audits heat up this year, there are a few things you want to make sure you are definitely aware of and prepared for, because results show that IRS audits are wrong between 60% and 90% of the time....


Payroll Tax Cut to Boost Take-Home Pay in 2011

Submitted by admin on Fri, 12/17/2010 - 12:00 am

The recent tax cuts passed this week by the House and Senate, and to be signed by President Obama today, will implement a payroll tax cut reducing the Social Security tax withholding rate from 6.2% to 4.2% of wages paid....


Minnesota Attorney General Sues TaxMasters

Submitted by admin on Fri, 12/17/2010 - 12:00 am

The Minnesota Attorney General, Lori Swanson, has filed a suit against Houston based TaxMasters “tax relief” company that advertises heavily on television, radio, and the Internet, for alleged fraud and deceptive practices and overstating the tax help it will provide...


Prisoners Get Millions in Tax Refund Fraud

Submitted by admin on Thu, 12/2/2010 - 12:00 am

Prisoners across the nation have received over $112 Million in fraudulent tax refund claims, and a watchdog report says the numbers are probably much higher. The number of fraudulent payments to inmates has risen 37% since 2004. According to the...


IRS Seeking to Return $164 Million in Refund Checks

Submitted by admin on Fri, 11/19/2010 - 12:00 am

The IRS is seeking to return over $164 Million dollars in refund checks that have been returned to them as undeliverable because of bad mailing addresses. Commissioner Douglas Shulman has stated, “If you think you are missing a refund, the...


How Will the Election Impact Your Taxes

Submitted by admin on Tue, 11/2/2010 - 12:00 am

As Americans stomp to the polls rather loudly today in an effort to have their voices heard, the Bush-era tax cuts are about to expire, and with a lame-duck session of Congress it’s impossible to predict what flippant actions will...


American Tax Relief Sued by FTC

Submitted by admin on Wed, 9/29/2010 - 12:00 am

American Tax Relief has been sued by the FTC for allegedly engaging in deceptive practices. Their website has been taken down and the following is posted on their homepage, and their phones are not being answered: The Federal Trade Commission...


IRS Files $350K Tax Lien Against Designer Vera Wang

Submitted by admin on Wed, 9/22/2010 - 12:00 am

The IRS filed a tax lien against fashion designer and icon Vera Wang on August 13th, 2010, for the amount of $349,781.38, according to records filed with the New York City’s Department of Finance. Apparently, Mrs. Wang, married to successful...


President’s Economic Advisory Board Report on Tax Reform

Submitted by admin on Thu, 9/16/2010 - 12:00 am

The President’s Economic Advisory Board released its report on Tax Reform last month, and it’s a big read at 130 pages, but the overall summation seems a bit contradictory to what the President is saying, or maybe what he is...


IRS Tax Tips for Military Members

Submitted by admin on Mon, 8/30/2010 - 12:00 am

Here are 10 IRS tax tips military members should keep in mind this year to help with filing a tax return next year. Moving Expenses – If you are a member of the armed forces on active duty, and you...