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5Vote!

Your Gold ETF Could Bring a Hefty Tax Bill

In the eyes of the IRS, not all gold ETFs are created, or taxed, equally. Here's what you need to know before you invest in one.

6Vote!

IRS settles with 14,700 over unreported foreign accounts

More than 14,700 U.S. taxpayers came forward to disclose billions in offshore bank accounts in 70 countries under a voluntary Internal Revenue Service program allowing most to avoid criminal prosecution as long as they pay what they owe, IRS officials said Tuesday.

4Vote!

DOJ: 14,700 taxpayers report secret Swiss accounts

WASHINGTON (MarketWatch) - Over 14,700 U.S. taxpayers have voluntarily come forward to report having secret Swiss bank accounts as part of an Internal Revenue Services program, according to the Justice Department on Tuesday. The result comes after the IRS, the Swiss government and Swiss bank UBS AG announced a settlement in August where U.S. tax authorities gained access to 4,450 accounts of Americans...

4Vote!

Justice Department & IRS Announce Results of UBS Settlement & Unprecedented Response in Voluntary Tax Disclosure Program

WASHINGTON, Nov. 17 /PRNewswire-USNewswire/ -- Deputy Attorney General David W. Ogden released the following statement regarding the announcement today by the Department of Justice and the Internal Revenue Service (IRS) regarding the results arising from previous settlements of civil and criminal cases against Swiss banking giant UBS AG. The Justice Department and IRS announced that over 14,700 taxpayers...

5Vote!

15 million owe IRS over tax credit, report says

A $400 tax credit provided by the economic stimulus plan may leave more than 15.4 million Americans owing money to the IRS because of under-withholding from their paychecks, an inspector general report said. The IRS said the number will be far lower. The Treasury inspector general for tax administration said many employers advanced more than the $400-per-individual tax credit. Workers will have to...

8Vote!

Fresh Start Tax: Fresh Start Tax Points to Tax Recovery Option for Scott Rothstein Investment Fraud Victims

FORT LAUDERDALE, FL (MARKET WIRE) Victims of investment fraud have a tax recovery option under IRC Section 165(c)(2) which is an often overlooked provision from the IRS. The recent multi-million dollar fraud scheme which resulted in the arrest of Fort Lauderdale attorney, Scott Rothstein, is an example of victimized investors who may have a potential theft loss deduction under IRC Section 165(c)(2)....

8Vote!

Pay Back the Homebuyer Tax Credit?

Did you know that you have to pay back the homebuyer tax credit if you claim it and then sell your house (or otherwise stop using it as your principal residence) within the next three years? I didn’t, but apparently that’s the case. Here’s the scoop straight from the IRS: Q: When must I pay back [...] Follow me on Twitter !

4Vote!

Manhattan U.S. Attorney Charges Two Former Computer Programmers for Bernard L. Madoff Investment Securities, LLC With Conspiracy and Falsifying Books and Records

NEW YORK, Nov. 13 /PRNewswire-USNewswire/ -- Preet Bharara, the U.S. Attorney for the Southern District of New York, Joseph M. Demarest, Jr., the Assistant Director-in-Charge of the New York Field Office of the FBI, Alan D. Lebowitz, the Deputy Assistant Secretary of the United States Department of Labor, Employee Benefits Security Administration (DOL-EBSA), and Patricia J. Haynes, the Special Agent-in-Charge...

4Vote!

Experian Introduces Products That Assist Lenders in Determining Consumers' 'Ability to Pay'

COSTA MESA, Calif., Nov. 12 /PRNewswire/ -- Experian®, the leading global information services company, today announced its suite of leading "ability to pay" products -- Income Insight(SM) and Income View(SM) -- designed to be the definitive source for determining consumers' ability to pay. Income Insight is a unique product designed to support recent legislation by providing an estimate...

5Vote!

Fresh Start Tax: Fresh Start Tax Introduces New Flat-Rate Fee Programs for Taxpayer Representation With the IRS

POMPANO BEACH, FL (MARKET WIRE) Fresh Start Tax announces the introduction of a new flat-rate fee program for the resolution of IRS tax problems. Fresh Start Tax guarantees the resolution of various IRS tax problems for a flat-rate fee including: IRS tax levy of wages or assets, IRS tax liens, IRS offer in compromises and unfiled tax returns. According to founders Michael Sullivan and Steven Jacob,...

5Vote!

3 Investments That Will Cut Your Taxes

Don't make the IRS your friend.

5Vote!

Over 1,600 in Md. have unclaimed tax refunds

The Internal Revenue Service is waiting for Marylanders to claim more than 1,600 refund checks from the 2008 filing season worth more than $1.7 million. The IRS said Thursday that the checks averaging $1,086 were returned to the agency from Maryland because of mailing address errors. Some taxpayers are owed more than one check. Nationally, the IRS said 107,831 checks worth a total of $123.5 million...

4Vote!

Ten Ways To Audit Proof Your Tax Return

There are steps you can take to reduce your chances of IRS pain.

5Vote!

Accountant for Bernard L. Madoff Investment Securities, LLC Pleads Guilty in Manhattan Federal Court to Fraud and Tax Charges

NEW YORK, Nov. 3 /PRNewswire-USNewswire/ -- Preet Bharara, the U.S. Attorney for the Southern District of New York, Joseph M. Demarest, Jr., the Assistant Director-in-Charge of the New York Field Division of the FBI, and Patricia J. Haynes, the Special Agent-in-Charge of the New York Field Office of the Internal Revenue Service (IRS), announced today that David G. Friehling, the accountant for Bernard...

4Vote!

Equifax Acquires Rapid Reporting

ATLANTA, Nov. 2 /PRNewswire-FirstCall/ -- Equifax Inc., (NYSE: EFX), today announced it has acquired Rapid Reporting Verification Company, a privately-held national provider of IRS tax transcript information and social security number authentication services. The addition of Rapid Reporting will enhance Equifax's ability to provide lenders with improved products, quality and services to help them better...

The 3 latest articles published by users on IRS :

3Vote!

What Is The Child Tax Credit?

How Does A Tax Credit Work? As you know, raising a family is a full time job and can put stress on your finances. Fortunately, you can claim a tax credit to help cut your IRS bill if you have kids. Getting a Tax Credit for Your Kids With a tax ...

2Vote!

I.R.S. Tax Debt Settlement With Help From An Income Tax Lawyer

A word of encouragement before you read this article . . . The following online tax savings resources are not only superb training tools but they have been instrumental in saving people tens of thousands of dollars, for those who have taken the time t...

3Vote!

What To Do If You Owe The IRS

Help With Past Due Taxes When you owe the irs, It’s a nightmare. Interest penalities pile up like cordwood.Then there’s the Interest on interst and the inerest on penalities, it seems like you’ll never get out of debt with the irs....