Injunction May Close Chain Mo' Money Taxes
Last year, hundreds of Mo' Money clients in several states alleged bounced checks, excessive fees and the failure of the business to pass along IRS refunds...…
The Top Tax Procrastinating Cities
People are going to put off doing their taxes, nothing will make them file any sooner. However, if you are going to get a refund...…
In the News
While you were covered up with tax forms and e-file acknowledgements, you may have missed an interesting read or two...…
IRS Form 1040 Turns 100
Among the notable birthdays that occurred over this tax season is the IRS Form 1040, introduced in 1913 following the ratification of the 16th Amendment. That amendment gave the government the power to...…
Tax Preparer Legislation Filed
Richmond’s Taxpayer Protection and Preparer Fraud Prevention Act of 2013 would give the Internal Revenue Service more oversight to certify paid tax preparers and ensure they are “competent, of good character and able to render services.” The legislation also would allow the IRS to...…
This Year's Dirty Dozen Tax Scams
Every year, the IRS releases its “Dirty Dozen” list of fraudulent tax practices that refund filers should be aware of. While these offenses occur year-round, the IRS stated they tend to happen more frequently and in greater numbers during filing season...…
Tax Changes for Wealthy
The proposal intends to reduce the deficit by nearly $2 trillion during the next decade, through a combination of new revenues and budget cuts. The president says his proposed budget is not his ideal plan to cut the deficit, but...…
Oregon Tax Preparers who Preyed on Immigrants are Shut Down...
Since 1973, the Board of Tax Practitioners has protected Oregon consumers by ensuring tax preparers and consultants are competent and ethical in their professional activities. The board licenses about 4,400 tax practitioners in the state.…
Read more about Oregon Tax Preparers who Preyed on Immigrants are Shut Down...
Clamp Down on Identity Theft
According to the Obama Administration, the new steps will include increasing criminal sentences for those convicted of tax-related identity theft and creating new civil penalties for those who file fraudulent returns.…
Audits Drop, But Not For The Rich
US taxpayers were slightly less likely to face an audit last year, according to an analysis issued by the Transactional Records Access Clearing House (TRAC) at Syracuse University.…
