Federal and state officials need to make sure that they protect the security of confidential tax information belonging to people seeking benefits on Obamacare’s health insurance exchanges, federal investigators said Thursday.
Mike Sorrentino allegedly did not even file a tax return in 2011 In that year, he earned almost $2 million.
The IRS estimates that it sent out nearly three million fraudulent refunds to scam artists last year. A new report from the Government Accountability Office says fraudulent tax refunds cost tax payers $5.2 billion.
They can sound convincing, the IRS said today in a statement. The callers may know a lot about you, and they usually alter the caller ID to make it look like the IRS is calling.
Burger King insists it is planning to expand globally — and tax considerations are not the main driving force. Tax experts and many other observers are quite skeptical of this reasoning.
Under a settlement with the FTC, the scam’s operators turned over millions of dollars in assets frozen by court order, including bank accounts, jewelry, and a Ferrari.
U.S. Treasury Secretary Jack Lew believes that Congress needs to put a stop or slow down at least one type of huge tax break called “tax inversion”, which allows big U.S. corporations to “move” overseas to save on taxes.
Normally they want you to go to the store and wire them money, or buy a preloaded debit card, and call them back with the card number and PIN. Do that and your money is gone for good.
Much like private-sector taxpayers, the reasons fall into two categories: federal workers couldn’t pay the full amount when they filed a return, or they got hit by an IRS audit and were told they owed more than they paid.
Those IRS refunds belonged to the children of parents or other relatives who had died allegedly owing the government for old debts, in some cases these debts amounted to Social Security overpayments that were not the fault of the recipient.