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IRS Gets in On the Twitter Action
It's official. Everyone is now on Twitter, even the IRS. By following @InternalRevenue you can keep up with tax updates and IRS announcements.
3 Ways Obama Plans to Help Americans Save More
The federal government is in an unfathomable amount of debt, but that's not stopping President Obama from trying to help US citizens improve their personal finances. The message from his weekly address was clear.
Even before this recession hit, the savings rate was essentially zero, while borrowing had risen and credit card debt had increased.
Nicolas Cage's Unpaid 2007 Tax Bill: Guess How Much?
He's certainly not the first celebrity to get in trouble with the IRS for not paying his taxes, and Nicolas Cage is currently under scrutiny for unpaid taxes from 2007. Can you guess how much the IRS is after him for?
Take the quiz
Failure to File: 7 IRS Penalties You Should Know
If you are considering anything less than legal when it comes to your filing your taxes spend a little time and consider the very real consequences. It's not just Wall Street powerhouses who can be taken down for failure to file returns (on time or in general) or pay taxes as required.
Wondering what's at stake?
How to Handle an Overwhelming Tax Bill in 2009
While understanding has never been an adjective used to describe the IRS, the agency claims it will aim to be more so this year as people are slapped with tax bills they can't afford. We saw unemployment consistently grow in 2008 and jobs were particularly hard hit during the fourth quarter of the year, so many newly unemployed Americans who aren't earning a salary will owe the government money they don't have come tax season — which is right about now.
IRS Commissioner Doug Shulman conceded, "Citizens are facing enormous challenges.
250,000 Couples Will Receive Stimulus Checks
When rebate checks were distributed to Americans this Summer the IRS only cut checks to citizens whose names and social security numbers matched. The IRS recently announced they would be issuing overdue checks to 250,000 couples that qualified for the stimulus but were overlooked because of mismatched names and social security numbers.
If one person decides to change their name after marriage, the change should be reported to the Social Security Administration so their social security number matches the new legal name.
Pastors Plan Political-Pulpit Blitz to Challenge IRS Ban
Conservative pastors aren't waiting for the IRS to pick a fight— they're taking the fight to the IRS by asserting their self-declared constitutional right to endorse candidates from the pulpit.
The Alliance Defense Fund, which calls itself the antithesis of the ACLU, has organized "Pulpit Freedom Sunday." On September 28, recruited religious leaders will give political sermons, endorsing or opposing politicians by name and in violation of their nonprofit status.
VA Registrar to Students: Dire Results if You Register to Vote
Two false warnings issued by a local registrar of elections in Virginia may have prevented students from registering to vote. The written warning, issued during an Obama-supporter voter registration drive at Virginia Tech, incorrectly cited dire consequences if students register on campus — namely, that parents could not claim the students as dependents and that the students would risk losing scholarships or health insurance coverage. The IRS released a statement explaining that there is no risk of losing dependent status, while the state board of elections said it will modify and clarify murky guidelines.
Hiding in Housing Bill, IRS Access to Credit Card Purchases!
Feeling guilty about that autographed box set of the third season of Lost you just scored on eBay? Think you can hide it and no one will know? Well thanks to the big housing bailout bill signed by Bush (to "little fanfare") the quietness could be because of this little sneaky addition buried deep inside:Your merchant bank will now be required to send a report to IRS and to you with your total annual gross payment card receipts.
Did You Receive Your Rebate Check on Time?
The IRS didn't do itself any favors by publishing very precise schedules for sending stimulus payments to expectant Americans. There have been numerous issues throughout the process and the schedule didn't turn out to be as accurate as the IRS had hoped.
Direct deposit payments started making their way to bank accounts back in late April, and taxpayers with social security numbers ending anywhere from 64-99 will receive their checks over the next few weeks (64-75, your check is supposed to be mailed no later than tomorrow!).
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