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Inappropriate Levies By IRS Officers Have Caused Economic Hardship On Social Security Recipients
A handful of Internal Revenue Service (IRS) officers have taken inappropriate levy action on Social Security recipients, according to a report by the Treasury Inspector General for Tax Administration (TIGTA). The incorrect levies have caused or worsened economic...
Taxpayers May Receive Incorrect Tax Notice From The IRS
It’s hard to get everything done before a holiday or vacation, right? Inevitably we forget something – leave medicine on the counter or neglect to reschedule an appointment for when we’re out of town. Well the IRS forgets things too – this year they forgot to enter...
Court Denies IRS Access To Offshore Tax Records In Lawsuit
The Internal Revenue Service lost its court case over access to offshore tax records, according to Bloomberg. The denial makes it tougher for the IRS to access tax records of Americans with offshore bank accounts. Foreign bank account reporting is an issue the IRS has...
IRS Scammers Continue Offering IRS Tax Relief
Not only are the fake Internal Revenue Service scammers refusing to give up, but these scammers are also continuing to get more convincing, according to KOIN News. Prior to contacting these victims, IRS scammers collect personal data about the taxpayers they target....
Gamers Selling ‘Pokémon GO’ Accounts Facing IRS Back Taxes
Gamers are now selling their Pokémon Go accounts for thousands of dollars on e-commerce websites such as eBay and Craigslist. Not only are these entrepreneurs risking losing their accounts, but they also have the Internal Revenue Service on their backs as well. Gamers...
Benefits Of Foreign Bank Accounts
Although the Internal Revenue Service has been cracking down on offshore bank accounts, there are still a handful of positives that come with foreign accounts – as long as you follow the rules. According to Kelly Phillips Erb of Forbes.com, account holders must pay a...
Lionel Messi Facing Jail Term In Spain For Tax Fraud
According to BBC News, football superstar Lionel Messi has been sentenced to 21 months in prison due to tax fraud. Jorge Messi, Lionel's father, was also given a jail term for tax fraud of near $4.5 million between 2007 and 2009. Because of Spanish law, neither Lionel...
IRS Report: Central Iowa Casino Owes Up To $60 Million
According to an IRS report, Prairie Meadows, an Iowa casino, owes up to $60 million in IRS back taxes and penalties. Why? Because an IRS audit has determined that the Iowa casino has been operating more like a business rather than a nonprofit organization. The IRS has...
IRS Hits Fat Joe With Fat Lien of $1.1 Million
Rapper Fat Joe, real name Joseph Cartagena, owes over $1 million for allegedly failing to pay taxes on his income from 2008, 2009, 2010 and 2014, according to BOSSIP.com. Unfortunately for the rapper, the IRS has placed a lien on his assets. A tax lien is a...