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The Internal Revenue Service has been doing a better job of detecting and preventing fraudulent refunds this filing season, but programming bugs and inadequate controls are still allowing erroneous claims to get through for various tax credits.
April 18 -
Taxpayers set a record over the weekend, surpassing the 100 million mark for electronically filed tax returns so far this season.
April 18 -
The White House introduced the ability to generate a “federal taxpayer receipt” on its Web site Friday.
April 15 -
Tax filers who paid an accountant or CPA to prepare their returns registered a high level of satisfaction with their method of preparation, with 75 percent stating that they were “very satisfied” in working with the accountant or CPA, according to a new survey.
April 15 -
The Internal Revenue Service issued final regulations Thursday lowering the initial enrollment and renewal of enrollment user fees for enrolled agents and enrolled retirement plan agents, and separating the enrolled retirement plan agent user fees from the enrolled agent user fees.
April 14 -
The National Association for the Self-Employed advised small business owners who have put off doing their tax returns not to panic.
April 13 -
The Internal Revenue Service said Tuesday it expects to receive 10 million tax extension requests in 2011, approximately the same as last year.
April 12 -
Fewer workers this year plan to use their tax refunds to pay off their bills, and more plan to put the money into savings, according to a new survey.
April 12 -
The Internal Revenue Service has warned that tax refunds may be delayed for paper-based tax returns in the event of a government shutdown.
April 8 -
New York City officials have conducted a citywide crackdown on fraudulent tax preparers, handing out violations to one in three tax preparers visited by inspectors.
April 7 -
The Internal Revenue Service issued its annual list Thursday of the “Dirty Dozen” tax scams it has seen this tax season.
April 7 -
Internal Revenue Service Commissioner Doug Shulman described his vision for a next-generation tax compliance system that would allow the IRS to pre-populate a taxpayer’s return with W-2, 1099 and other information reporting forms before a taxpayer files a return.
April 6 -
For busy accountants who are responsible for filing taxes on behalf of the approximately 82 million out of 228 million American adults who opt to use professional services, tax season is an emotionally wrought time.
April 6 -
The Internal Revenue Service reminded taxpayers and preparers Monday that they have only two weeks to go before the April 18 filing deadline.
April 4 -
Approximately half of U.S. taxpayers are uneducated about the risks of identity theft during tax season, according to a new survey, but the majority trust their tax preparers.
April 1 -
The IRS has needed to deal with several challenges this tax filing season, including late tax law changes and an increase in the volume of telephone calls, according to a new report by the Government Accountability Office, but to ensure that the IRS can adequately enforce certain tax provisions, Congress should provide the IRS with math error authority to use tax return information from previous years to ensure that taxpayers do not improperly claim credits or deductions in excess of lifetime limits where applicable.
March 31 -
The Treasury Department and the Internal Revenue Service said Thursday they have extended the deadline beyond April 18 for filing a key tax form for people who died last year.
March 31 -
The Internal Revenue Service has provided guidance to tax preparers on the circumstances under which they can be exempted from the electronic filing mandate and mail paper copies of their clients’ tax returns instead.
March 28 -
The Internal Revenue Service increased its audits of high-income taxpayers last year by as much as 75 percent.
March 28 -
The Internal Revenue Service stopped mailing out tax form packages to taxpayers this season in response to budget cuts, but it still needs a long-term strategy for reducing its mailing and publishing costs, according to a new government report.
March 28