IRS chief may be overselling tax IT modernization

Use their “IRS Impersonation Scam Reporting” web page.

Under Senate File 2388, telecommunications companies’ land and buildings would continue to be assessed for property tax purposes.

The United Way said there is support to help you get through it. Even if your caller ID says “IRS”, be cautious until you can confirm the identity of the person calling you.

“When you’re thinking of ways to get out of paying taxes, take a step back and think, is this worth the penalties or possibility of being incarcerated?”

The IRS is also launching a series of Tax Reform Tax Tips.

“Especially the federal refunds scam because they ask for social security numbers to file fraudulent tax returns”, said Tostado.

Tax Day is quickly approaching, and I’d like to remind those who live or work in Lansing that it’s also time to file and pay city income taxes.

After filing your taxes you might be wondering how long you should keep your tax records and documents. First, there are penalties for failure to timely file the return and separate penalties for failure to timely pay the balance due. For example, a taxpayer owes $1,000 and files the return on April 30.

“The biggest concern we’ve got frankly is not just the tax treatment, it is the fact that cryptocurrency seems to be a way to evade federal income tax, and so the Criminal Investigation Division is very much focused on this, and they’ve got some investigations underway”, he said.

As Tax Day draws near (Tuesday, April 17 this year), the Internal Revenue Service has released its annual “Dirty Dozen” list of tax scams. “Technically, they are reportable income, and not reporting it can get you in trouble, if the IRS chooses to audit you”, he said.

Most domestic students rely on their parents for help in the tax process, Hutchens said.

A recent report by Credit Karma revealed that fewer than 100 out of 250,000 Americans who had filed their taxes early reported any cryptocurrency earnings. The failure to file a timely return and the failure to pay will amount to $50, $1,000 times 5%.

The IRS Volunteer Income Tax Assistance (VITA) is again offering tax return preparation provided by Retired Senior Volunteer Program volunteers at the Decatur Public Library at 504 Cherry Street N.E. The volunteers are IRS-certified.

The IRS will never initiate contact with taxpayers via email about a bill or tax refund.

This year’s tax filing deadline is April 17, two days after the usual date of April 15 because that falls on a Sunday and the following day is Emancipation Day, a Washington, D.C. holiday.

IRS encourages 'Paycheck Checkup' for taxpayers following new tax law