If you’re like a majority of Americans, you may be looking for new, creative ways to ease your annual tax burden. Fortunately, there are several things you can do to cut your taxes or increase the amount of your tax refund without incurring the wrath of the IRS. Tax credits...
Report: IRS Lien Notices Reach Wrong Addresses
The IRS sent tax lien notices to the wrong addresses for taxpayers even though the agency had the correct addresses in its system, according to a July report by the U.S. Treasury Inspector General for Tax Administration (TIGTA). Though the agency re-sent the notices, the incorrect mailings were potentially illegal...
GAO Finds Holes in IRS Taxpayer Protection Program
Criticism of the IRS’s cybersecurity loopholes and breaches is endless, so a recent report by the US Government Accountability Office (GAO) finding the agency’s Taxpayer Protection Program (TPP) problematic isn’t exactly a big surprise. The TPP is intended to identify possibly bogus tax return filers and prevent fraud. But the...
The IRS Scandal, Day 1251: O’Reilly Calls For A Special Prosecutor
During his most recent televised rant, Bill O'Reilly said a huge scandal can potentially explode within the Justice Department. He added that many Americans are confident that the intervention was in during investigations into the IRS' targeting of republican groups and Hillary Clinton's private email server. O'Reilly noted that former...
New Research On Inequality: ‘Whatever You Thought, It’s Worse’
The income inequality and its slow but steady progress since the years following the Great Recession are often mentioned alongside the Tax Code issues. Social mobility, the amount that a typical American moves up or down the economic ladder from where their parents and grandparents previously were, has gained traction...
Why Trump’s 1995 Taxes Release Was Illegal
Some of you might remember the constant issues with Trump's taxes, coming up here and there in the election campaign's cycle... But for those of you who were glad to read some pages of his tax returns way back from 1995, lawyers and accountants have one word for you -...