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Irs News

'It's all about him' — Trump's name will be on stimulus checks

President Donald Trump's name will appear on paper checks that will be delivered to millions of Americans as part of the coronavirus stimulus package, an addition that some officials say could delay the delivery of the checks by a matter of days.

Social Security recipients to automatically receive stimulus pay

The Internal Revenue Service reversed a decision that would have required Social Security recipients and many senior citizens to file a tax return this year, even if they’re not required to do so, in order to get the $1,200 stimulus check.

Op-Ed: US bill would stop IRS from providing free online tax service

Washington - A bill on its way through the US Congress would permanently prevent the US government from offering free online tax services. It codifies the current system that relies on private services.

IRS says the busiest day of tax season is right around the corner

Tax Day 2019, the last day to file your 2018 tax return, is Monday, April 15. The IRS began accepting tax returns on January 28 and taxpayers should have received all the forms they need in order to file by now.

It's tax time, and no one is safe from fraudsters and their scams

Phone scams are nothing new, and they usually focus on the elderly, but during tax season in the U.S. and Canada, the number of scams rises dramatically, and fraudsters are using the latest available technology in an attempt to get your money.

IRS wants to find out if bitcoin users pay taxes on gains

Last Tuesday a California Federal Court ordered the popular cryptocurrency exchange Coinbase to turn over records on thousands of its customers to the U.S. Internal Revenue Service (IRS).

IRS suspends Equifax 'Taxpayer Identity' contract during review

Atlanta - An Equifax spokesperson confirmed on Friday the Internal Revenue Service (IRS) had issued a stop-work order for the short-term "Transaction Support for Identity Management contract."

IRS awards Equifax $7M contract to verify taxpayer's identity

The IRS will pay Equifax $7.25 million to verify taxpayer identities and help prevent fraud under a no-bid contract issued last week.

Video of police officer returning IRS scammer's call goes viral

Eau Claire - After a Wisconsin police officer received a threatening call from an IRS scammer, his police department decided to film the officer calling the scammer back. The scammer's attempts to answer some of the trained officer's questions are priceless.

Indian police arrest 70 for income tax scam targeting Americans

After a series of raids in and around Mumbai, police have charged 70 people and are questioning more than 600 more regarding allegations they were running a scam to defraud American taxpayers by posing as IRS officials.

Coca-Cola hit with $3.3 billion tax bill from the IRS

The Internal Revenue Service notified Coca-Cola that it owes $3.3 billion in federal taxes, as well as interest for 2007 to 2009.

$100 million checks will no longer be accepted by the IRS

The Internal Revenue Service (IRS) announced that it will no longer accept checks that are written out for $100 million.

IRS computer breach impacts even more taxpayers

The IRS reported Monday that another 220,000 taxpayers were victims of the data theft that occurred in May of 2015. This latest report brings the number of taxpayers affected by the intrusion to 334,000 people.

Insane Clown Posse in hot water with IRS over backed taxes

Detroit - The infamous Insane Clown Posse is finding itself in some potentially hot water as the Internal Revenue Service is looking to collect what it claims are unpaid taxes. So far “ICP” hasn't exactly been cooperative.

Hackers make off with 100,000 people's tax info from IRS

The Internal Revenue Service (IRS) reported Tuesday that hackers have stolen the tax info of 100,000 people from the organization.

Taxed Too Much? Record number of Americans giving up citizenship

An increasing number of Americans are deciding to renounce their citizenship and turn in their passports. The home of the brave and land of the free simply isn't that attractive to an increasing number of people.

Internal Revenue Service ignoring 60 percent of taxpayers' calls

The deadline for filing taxes is on April 15, but the Internal Revenue Service is reportedly ignoring 60 percent of phone calls from those working on their tax return.

Judge orders IRS to find lost e-mails related to Tea Party event

Washington - U.S. District Judge Emmet G. Sullivan oversaw the case and ordered the Internal Revenue Service to explain how they had managed to lose the information. He also ordered authorities to search for the e-mails from other sources as well.

U.S. Navy vet asks for education benefits regrets working for IRS Special

A U.S. Navy vet says working for the Internal Revenue Service (IRS) was his biggest mistake as he has been damaged for life by the institution.

Tax fight looms large in Energy Future restructuring

As Energy Future Holdings prepares for what could be one of the largest-ever U.S.

Op-Ed: Bankruptcy hounds Pacquiao as IRS, BIR take legal options

The Philippines' Bureau of Internal Revenue (BIR) appears to have scored another legal victory in its effort to collect outstanding tax dues from Manny Pacquiao and wife Jinkee estimated at $50 Million.

Op-Ed: Pacquiao's $20 million fight purse not enough to pay Uncle Sam

Top Rank Promotions owner Bob Arum is reportedly paying eight-division world champion Manny Pacquiao a guaranteed sum of $20 million to face unbeaten WBO welterweight champ Timothy Bradley in a rematch at the MGM Grand in Las, Vegas, Nevada.

Op-Ed: Floyd Mayweather not ready to face Manny Pacquiao next year

Floyd Mayweather has been busy in the last couple of days engaging potential opponent Manny Pacquiao in a comical and sometimes insulting play of words to make it appear that he is now ready to face Pacquiao in the ring after three years of failed talks.

Op-Ed: Manny Pacquiao could lose his next fight in the US

Filipino boxing superstar Manny Pacquiao could lose every cent he expects to make in his upcoming fight in the U.S. which is tentatively scheduled for April or May possibly against unbeaten American boxer Timothy Bradley or Mexican Juan Manuel Marquez

Op-Ed: Why Manny Pacquiao needs to hire credible financial manager

I don't have anything bad against Manny Pacquiao's Canadian Adviser Michael Koncz, who is reportedly acting or has acted as manager of MP Promotions USA, Inc., a Las Vegas, Nevada, registered company reportedly owned by Pacquiao.

Op-Ed: Manny Pacquiao next fight purse not enough to pay US tax dues

If Manny Pacquiao gets $18 million — the same amount he was reportedly paid by his promoter when he fought Brandon Rios in Macau — it won't be enough to settle his tax obligations with the US Internal Revenue Service (IRS).

Op-Ed: Who's telling the truth on Manny Pacquiao's tax woes?

Manny Pacquiao's promoter Bob Arum says his company, Top Rank Promotions has been religiously remitting at least 30% of Pacquiao's taxable income in the US to the Internal Revenue Service (IRS) but a TMZ report says Pacquiao still owes IRS $18 million.

Op-Ed: Manny Pacquiao needs senate seat in 2016 national elections

Filipino boxing superstar Manny Pacquiao has about eight years to prepare for the 2022 presidential elections if indeed he has the presidency in mind.

IRS cracks down on small business for under-reporting cash sales

Believing many small businesses under-report cash sales, the IRS has targeted thousands of small businesses with a high volume of credit card sales. Businesses that receive a letter on the issue have 30 days to respond.

IRS credit cards used for wine, pornography

The inspector general's office has reported that credit cards belonging to IRS agents were used to purchase questionable items such as wine, pornography, romance novels, and diet pills.
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Tax experts advise people to file early and to file on line as a way to help avoid identity theft  a...
Tax experts advise people to file early and to file on line as a way to help avoid identity theft, as well as miscalculations and other clerical mistakes.
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Internal Revenue Service building in Washington
Internal Revenue Service building in Washington
Warning from the IRS today.
Warning from the IRS today.
David Reber's Hammer Photography (CC BY-SA 2.0)
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