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All Posts Tagged Tag: ‘IRS’

TurboTax 2014: Compare Cost to Other Online Tax Services

Tax filing season is finally underway, so now it’s time to decide how you want to file your taxes. If you don’t much care for using an accountant or tax preparation chain such as H&R Block to file your taxes and prefer to prepare your return yourself, you’ve no doubt heard of TurboTax. TurboTax is one of the most popular …

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IRS in Hot Water Over New Treasury Inspector Report

The IRS is facing new scrutiny over taxes that should have been paid for out-of-town travel made by its agents. These accusations have arisen from a Treasury Inspector General report, and have caused new fury amongst those who feel that the IRS already has too much power and shady behavior amongst its top executives. Those like Rep. Jim Jordan of …

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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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IRS e-file Season Begins This Weekend

The IRS officially began processing 2013 tax returns this Friday, starting this year’s tax season. The IRS hopes that their e-filing process, along with their direct deposit system, will encourage users to process their return early, instead of waiting until April 15th. The IRS’ e-file is free for anyone who earned less than $58,000 in 2013. Using e-file and direct …

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Tax Forms: Where To Go To Obtain Them

It’s the time of year that everybody dreads…tax time. While it something that we all try to avoid doing, it simply has to be done. So, where do you start? First, you need to decide how you plan to file them. Are you going to use software and do it yourself? Are you going to do it manually? Are you …

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Jodie Sweetin Starts 2014 On a Good Note

Jodie Sweetin, best known for her role as Stephanie Tanner on ABC’s Full House, has had her fair share of bad news and downfalls over the years. Not only was she essentially a one-hit-wonder with her 90’s sitcom, but Sweetin has also spent years battling drug addictions – an issue which has affected both her acting career and her three …

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Government Shutdown Delays Tax Filing Season

The IRS announced today that the government shutdown that lasted from October 1 to October 16 will cause the start of the 2014 tax filing season to be delayed. Unfortunately, the deadline to file taxes (unless you file for an extension) is still April 15, so this does nothing to help taxpayers who like to wait until later to file …

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Lois Lerner, IRS Agent Targeting Tea Party, Retires

Lois Lerner, the woman who has been the center of attention concerning an IRS scandal involving improperly targeting Tea Party and other conservative groups, has decided to retire. At an American Bar Association conference on May 10th, Lerner hinted at the illegal actions in response to a planted audience question. In her response, Lerner stated that targeting by the IRS …

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Google Is Suing The IRS For $83.5 Million

Google is suing the IRS for an $83.5 million refund, the company claims it is owed, related to stock warrants granted to AOL back in 2004. The news comes from Bloomberg, which reports: The IRS erred in disallowing a $238.6 million deduction claimed for the difference between the price AOL paid to exercise a warrant for Google stock and the …

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IRS Star Trek Parody Video Is Hilariously Awful

An IRS Star Trek parody video has prompted a formal apology from everybody’s favorite government agency. Faris Fink, an IRS executive who appears in the video as Mr. Spock, apologized for the video and for some of the IRS’s other excessive spending habits in a hearing on Capitol Hill today. The video was produced for an IRS training conference in …

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IRS Tells Congress That It Obtains Warrants Before Searching Emails

Late last week, the ACLU reported that the IRS probably obtained emails without a warrant. The group came to this conclusion after an agency handbook from 2009 said that Internet users “do not have a reasonable expectation of privacy.” Now the agency is firing back saying it does no such thing. The Hill reports that IRS Commissioner Steven Miller was …

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Congressman Wants The IRS To Explain Itself

It was revealed earlier this week that the IRS probably digs through your email without a warrant during its investigations. It’s able to do this thanks to the outdated ECPA which allows government agencies to obtain emails that are more than 180 days old. Now one lawmaker wants the IRS to explain itself. The Hill reports that Rep. Charles Boustany, …

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