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Truck Crash Causes Temporary Power Outage
Tax Defense Partners will be temporary closed due to a power outage in the area. According to CBS Local News, the power outage occurred after a truck slammed into a pole in Van Nuys.
Offer In Compromise Explained By The IRS
An offer in compromise is a settlement for taxpayers who cannot afford to pay their tax debt. Below are some things a taxpayer should know before applying for an offer in compromise: If a taxpayer can afford to pay what is owed, the IRS cannot accept a settlement...
Taxpayer Bill Of Rights
When dealing with your taxes, it is important to be cautious of small mistakes that could break the rules and result in a tax audit, tax problems or some involvement by the IRS. However, the IRS is also responsible for following rules that are set for them as well....
IRS Working Hard To Detect Fraudulent Tax Returns
According to a new report from the Treasury Inspector General for Tax Administration (TIGTA), the IRS has improved their investigation methods in detecting identity theft related fraudulent tax returns. Yet, the IRS needs to be more factual with their identity theft...
Is The IRS Calling, Or Is It A New Scamming Approach?
As the tax season is approaching, so are an increasing number of IRS scams. According to WBIW – a radio station broadcast, the Washington County Sheriff's Department is reporting a significantly higher number of scams with newer techniques and advanced technology. The...
Major W-2 Scam Spreading Rapidly, Targeting Schools, Restaurants, Hospitals, And More
All government tax organizations such as the IRS, the state tax agencies and the tax industry sent an important notification to all employers that the W-2 Phishing scan has progressed, dispersing to other regions such as school districts, nonprofits and group...
Owe The IRS? You Could Lose Your Passport.
Are you finally cashing in your vacation time to take a Euro trip? Well, if your travel plans include a passport and an airplane, then you need to be mindful about a new law that could prevent you from enjoying your time off from work, according to Forbes. The FAST...
You May Qualify For Earned Income Tax Credit
Earning 53k or less? If you are, you may be eligible to qualify for Earned Income Tax Credit (EITC). EITC is an income tax credit for rural taxpayers, who are living paycheck to paycheck. Since it’s a refundable credit, there are certain criteria you must meet before...
2017 Tax Filing Season Has Officially Opened
The IRS is successfully beginning to accept 2016 income tax returns with over 153 million returns estimated to be filed. You have until April 18,2017 to file your taxes before you have the IRS knocking on your door, unless you have already filed for an extension. The...
Staying Safe from Scammers
According to an article in Time magazine, written by Billy Perrigo, there is an emailing scam that is targeting Hotmail users who are posing as the Internal Revenue Service (IRS). Users are receiving emails that guide them to a website that is not in any way related...
Alabama Taxpayers Beware: Broadband Consultants Collect Hefty Fees
Consultants recommending the construction of expensive broadband networks are inundating local governments across the country, according to Yellow Hammer News. Unfortunately, these broadband networks are built using taxpayers’ money. Consultants believe that these new...
2017 Tax Season Begins January 23rd
The Internal Revenue Service had already dropped a bombshell in recent news when they announced that some taxpayers will face a delay in receiving their tax refund with the deadline to file taxes being on April 18th. Recently, the IRS just announced that the next tax...
IRS To Lower Standard Mileage Rates
The IRS has issued an option of using standard mileage rates to calculate costs associated with operating vehicles for business, charitable, medical, or moving purposes in order to calculate deductible costs, according to Jeff Stimpson from AccountingToday.com....
Taxpayers Beware: New Impersonation Scam Reported By TIGTA
The Treasury Inspector General for Tax Administration (TIGTA) released a new poster to further warn taxpayers of a recent trend of unsolicited and illicit calls by people who are claiming to be the Internal Revenue Service (IRS) and Treasury employees attempting to...
IRS Restructuring Its Future Workforce
A new year brings new changes, especially in the IRS’ case. This stems from the fact that society is changing fast, and the agency’s Human Resource department is already reinventing how it plans to keep up with these changes. This new plan will stretch to 5 years and...
Partnerships Could Lose Tax Advantages In 2018
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]Partnerships have always been looked at in a good light due to...
IRS Warns of 2017 Tax Refund Delays
If you owe taxes in April, as opposed to getting a refund, then this won’t affect you. For those who are expecting a tax refund in April, you’re in for a rude awakening. Adjusting your tax withholding may be beneficial, due to the Internal Revenue Service stating that...
6 Pointless Claims Made To The IRS
There are many taxpayers with outrageous claims on why they shouldn’t have to pay taxes. Donald Trump, the current republican presidential candidate, utilized a 916-million-dollar business loss in 1995, which legally allowed him the right to not pay taxes for 18...
The IRS Can Take Everything You’ve Got!
The last thing any business owner wants to hear is that their bank account has been levied by the IRS. A levy is a legal seizure of your property to satisfy a debt you’ve refused to pay. The IRS will only levy your property if they’ve tried to collect taxes owed, but...
IRS Audits For 3-6 Years, But California Can Audit Much Longer
The IRS isn’t anyone’s best friend, especially in California, which is home to high tax rates for both businesses and individuals. As of now, individual tax rates are sitting at 13.3%, and business tax rates are 8.84%. California legislators pick and choose instead of...
TIGTA Report: IRS Ignoring Delinquent Taxpayers Who Owe Billions
The Treasury Inspector General for Tax Administration (TIGTA) points out that the Internal Revenue Service (IRS) has not done a great job pursuing nonfilers with extremely high income. A recent TIGTA audit report revealed that the IRS failed to identify and contact...
Facebook Tells IRS They Won’t Pay Billions Over Irish Tax Maneuver
Loopholes can save companies from tons of taxes that they would’ve had to pay otherwise. However, big tech companies such as Google and Apple have recently found themselves in battlegrounds with the IRS. They aren’t alone either. Yet another major corporation is...
IRS Scam Costs Connecticut College Student Near $8,000
Although media coverage has done a great job of raising awareness on IRS scams, many parents and college students still find themselves falling into the trap set by impersonators. The perpetrators impersonate IRS representatives and demand payment on student loan...
IRS Collects Over $10 Billion From Foreign Bank Accounts
The IRS is no stranger to hunting down individuals who may not be in full compliance with their tax obligations. There number one priority is to get our taxpayer dollars, no surprise. But this time, the IRS has been cracking down on individuals with offshore accounts...
IRS Wasted $12,000,000 On Useless Email Service
The Internal Revenue Service treasures taxpayers’ dollars. What else is new? This time, the IRS wasted $12,000,000 dollars on an email service it couldn’t use, according to the Treasury Inspector General For Tax Administration (TIGTA). Talk about IRS tax problems......
IRS Mishandled Over 24,000 Tax Lien Notices
The Internal Revenue Service (IRS) usually follows the right procedures when handling tax liens, but not all the time. IRS tax liens can damage your credit and make it extremely difficult to get any further credit since they report it to the credit bureau. With that...
IRS Targets Family-Owned Businesses
The IRS never fails to hit your pocket where it hurts. In this case, family-owned businesses are at risk. The Internal Revenue Service has proposed new regulations that will make passing on a family business to ones’ child extremely difficult. Reducing estate and gift...
IRS To Hire Four Tax Debt Collection Agencies
Earlier this month, reports claimed that the IRS was looking to partner with private debt collection agencies. The reports are about to become official, according to IRS.gov. The Internal Revenue Service just announced that it has selected four contractors to...
Major Scam Alert – Bogus IRS Letters
First it was telephone calls from Indian call centers demanding payment to a certain sketchy bank account using a sketchy method such as MoneyGram or Walmart-2-Walmart, or recently the iTunes gift card tactic. Now that call centers are being raided, they are stepping...
Justice Is Served – 70 Arrested, 750 Detained In India For IRS Phone Scam Fraud
Here is some sweet justice being served to those awful phone scammers that call our phones everyday with their nonsense. 70 call center workers (or should we say scammers?) were arrested following a tipoff, according to The Guardian. Police raided call centers around...