As IRS Income Verification Gets Tighter, Other Issues Emerge
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Starting Monday, it's going to get much riskier to fib about your income when you apply for a home mortgage.
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The Internal Revenue Service is gearing up for tax season. And while it may be a kinder, gentler IRS these days, the agency is still coming after you - especially if you make a lot of money.
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People living in states without income taxes could see their federal income taxes fall by about &#36;500 if they itemize deductions under the corporate tax overhaul approved by Congress.
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Every year the Internal Revenue Service announces the top 12 tax scams. This tax season, topping the latest Dirty Dozen are fraudulent schemes connected with the one-time telephone excise tax refund available to most taxpayers.
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Around 41 percent of taxpayer households contacted the Internal Revenue Service at least once over the past two years seeking help, says a survey commissioned by the IRS Oversight Board.
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A strategy executives use to turn their stockholdings into cash while delaying payment of taxes is coming under increased scrutiny by the Internal Revenue Service.
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WASHINGTON -- The IRS has more than $73 million in tax refunds for thousands of taxpayers whose checks were returned to the tax agency as undeliverable.
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New report says last-minute changes to the tax code are causing serious problems.
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An Internal Revenue Service system designed to protect the agency's modernized systems from hacking isn't working properly, according to a report by the Treasury inspector general for tax administration.
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In California, illegal immigrants and US citizens alike debate tighter ID requirements.
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In the next few weeks, consumers will start receiving notices from banks and other financial institutions about changes to their checking accounts.
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One of the most common forms of identity theft involves illegal immigrants using fraudulent Social Security numbers.
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U.S. tax experts are urging the Internal Revenue Service to take a stronger stance on tracking profits and sales from online auction sites such as eBay.
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It's not easy changing the way you do business, especially if you are the Internal Revenue Service and your workload surges from January to April each year as taxpayers file returns and await refunds.
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A taxpayer who made more than $1 million had a one-in-16 chance of being audited by the IRS in the fiscal year just ended, up slightly from the year before.
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The new tax act adds some complications to contribution requirements.
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Tax records would go a long way toward helping the federal government find the elderly and the disabled eligible for extra financial aid with the new drug benefit. But there's a catch: The IRS can't share those records.