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All Posts Tagged Tag: ‘Internal Revenue Service’

IRS Whistleblowers Paid $53 Million In 2013

According to the annual report of the Internal Revenue Service (IRS) to Congress, the IRS paid whistleblowers a total of $53 million in 2013 for turning in people who cheated on their taxes. The report titled “Fiscal Year 2013 Report to the Congress on the Use of Section 7623” says in its executive summary that the IRS is required to …

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IRS: Bitcoin is Property, Not Legal Tender

Despite the wild swings in the virtual currency markets and the recent scandal involving the Mt. Gox exchange’s loss of $400M, Bitcoin continues to hold some value online. As the most popular virtual currency, Bitcoin is becoming increasingly popular with investors looking for risky, (though potentially lucrative) investments and tech aficionados who want to be in on the ground floor …

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Michael Jackson Estate Charged With $702M Tax Bill

Michael Jackson’s estate is being heavily pursued by the IRS for “undervaluing assets” and now faces a $702 million charge. In U.S. Tax Court documents, executors estimate that Michael’s net worth at his time of death in 2009 was around $7 million; the IRS is now arguing that his worth was actually $1.125 billion. The tax collectors are reporting that …

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Tax Returns: Jan. 30 is When Processing Begins

The U.S. Internal Revenue Service (IRS) announced this week that the 2013 tax filing season won’t open until January 30. The IRS will not begin processing individual income tax returns until then. The IRS had originally planned to open electronic tax filing on January 22. The delay is due to changes in tax law passed by congress on New Year’s …

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New Phishing Scam Targeting Veterans In New Jersey

There are as many scams out there as there are stars in the sky. Just this morning I received an email about filling out an Apple survey to get free money for the app store. It even had an apple.com email address. The problem with most scammers is that they prey on the easy victims. That is what makes this …

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