Taxes December 12, 2025
IRS Says Financial Crimes Surged Nearly 16% in 2025—Up to $10.6B
Of the $10.59 billion, $4.5 billion resulted from tax fraud, marking an increase of 111.8% from FY24, the agency said this week.
March 22, 2016
More Americans Saving Income Tax Refunds
Consumers know just what they want to do with their refunds this year: In addition to savings, 34.9 percent plan to pay down debt and 22.4 percent will use the refunds for everyday expenses. While 11.4 percent plan to book a vacation, 9.2 percent plan to
March 21, 2016
3 Smart Ways To Use Income Tax Refunds
The average tax refund in 2015 was approximately $2,800 according to the IRS, and similar refunds are expected in 2016. For those getting a refund, there are many options to consider for what to do with this unexpected income.
March 17, 2016
Tax Scammers Phishing Attempts Getting More Bold
Amazingly, the IRS has seen an increase close to 400 percent in phishing and malware incidents so far this tax season.
March 17, 2016
IRS Warns Of New Tax Scams
The latest variation being seen in the last few weeks tries to play off the current tax season. Scam artists call saying they have your tax return, and they just need to verify a few details to process your return. The scam tries to get you to give up ...
March 17, 2016
4 Steps for Small Businesses to Prepare for Tax Season
Preparing to file taxes can sometimes be a year-round job, even for small businesses. It may involve different responsibilities, including estimating tax payments, planning to buy or lease capital equipment, developing retirement-saving strategies, etc.
March 17, 2016
IRS Increases Interest Rates for 2nd Quarter 2016
Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.
March 16, 2016
IRS Returns Seized Cash to Convenience Store Owner
The IRS seized more than $150,00 from a convenience store owner’s bank account in 2014 – virtually all the money he had in the world – even though he did absolutely nothing wrong. It has taken the taxpayer nearly two years to get the money bank and ...
March 15, 2016
Tax Reform Takes Center Stage in 2016
The Protecting Americans from Tax Hikes Act of 2015 (PATH Act) may be the last significant tax bill of the Obama administration. With the 2016 presidential election looming, tax directors are closely watching how America’s choice will impact the tax ...
March 15, 2016
IRS Is Holding Almost $1 Billion in 2012 Tax Refunds
In cases where a tax return was not filed, the tax law provides most taxpayers with a three-year window of opportunity for claiming a refund. However, if no return is fled in time, the money becomes the property of Uncle Sam. For 2012 tax returns, the ...
March 14, 2016
IRS Taxpayer Advisory Panel Gets New Members
The new TAP members will join 41 returning members to round out the panel of 73 volunteers for 2016. The new members were selected from more than 1,000 interested individuals who applied during an open recruitment period last spring and the pool of ...
March 14, 2016
Clock Ticking on $950 Million in Tax Refunds from 2012
The Internal Revenue Service says that federal income tax refunds totaling $950 million are waiting for an estimated one million taxpayers who did not file a federal income tax return for 2012. To collect the money, these taxpayers must file a ...
March 4, 2016
PwC Offers Economic and Tax Policy Outlook for 2016
Election-year politics will dominate legislative action in 2016 as both parties seek to lay out policy agendas for 2017 and beyond, which would seem to dim prospects for legislation in 2016.