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Internal Revenue Service Articles

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 …

IRS: Bitcoin is Property, Not Legal Tender 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 …

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 …

Tax Returns: Jan. 30 is When Processing Begins 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 …

New Phishing Scam Targeting Veterans In New Jersey 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 …

Taxes Occupied Net Users In January

Early income tax filers seeking refunds likely powered traffic to several tax-related websites last month, judging by sharp jumps in their traffic.