News

Can you guess what has become the drastic "collection method of choice" for the IRS in recent years?

As of April 30, 2011 The IRS had identified 775,723 tax returns with $4.6 billion claimed in fraudulent refunds and prevented the issuance of $4.4 billion of those fraudulent tax refunds.  That is a prevention rate of nearly 96%.  This represents a 171% increase in the number of fraudulent tax returns identified during the same period in 2010.

History has its share of famous (and infamous) people who have made attempts to cheat the IRS and paid the price...

Will raising taxes on wealthy Americans pay off our country's massive debt? Here's some food for thought.

Federal agents have temporarily closed Calmes Motorsport, which is under investigation by the Internal Revenue Service Criminal Investigations Division, an agency spokeswoman said Wednesday.

Did you know that you have the power as an individual taxpayer to appeal almost any decision made by the IRS?

An analysis conducted by TaxLifeBoat found that New York City was the United State's leading area to receive federal tax liens.

The results of research done annually by the IRS indicates that the time, effort and money required by taxpayers to comply with individual tax preparation requirements averages $258.00 per year.

According to the IRS, around 99% of taxpayers pay their taxes.

Can you guess what has become the drastic "collection method of choice" for the IRS in recent years? Is it garnishments, liens or seizures?