No excuses for former Chicago Bear Christopher Zorich. He simply told the judge in March that he didn't file his taxes for 2006 to 2009 "in a timely fashion." He pled guilty on four misdemeanor counts of not filing federal income tax on more than $1 million.
A high-ranking member of the tax-writing committee in Congress is demanding the IRS release copies of two video parodies produced with taxpayer money. The videos, which spoof "Star Trek" and "Gilligan's Island," were shot at the IRS' television studio in Maryland.
On March 20, 2013, the IRS provided late-payment penalty relief to individuals and businesses requesting a tax-filing extension because they're attaching to their returns any of the forms that couldn’t be filed until after January.
When Mike Tyson was named heavyweight champion back in 1986, he was the youngest man ever to win that title. They called him "the baddest man on the planet." Over the course of his career, he made more than $300 million. But in 2003, he declared bankruptcy.
Although the IRS has continued to make progress in addressing information security control weaknesses, the Government Accountability Office (GAO) said in a March 2013 report that "serious weaknesses remain."
In a March 18 e-mail, the IRS warned tax preparation professionals that the security of taxpayer accounts and personal information should be a top priority, as referenced in Revenue Procedure 2007-40, which outlines the obligations of IRS e-file providers.
Many IRS workers don't have sufficient training in dealing with potentially dangerous taxpayers, despite several programs developed to address such situations, according to a report issued March 12 by the Treasury Inspector General for Tax Administration (TIGTA).
A federal court has permanently barred Crystal Ireland of Detroit, who does business as Master Mind Preparation, from preparing federal tax returns that claim the earned income tax credit. According to the complaint, Ireland fabricated businesses and reported fake business income on her customers' tax returns in order to claim the maximum credit for them.
So you think you've got headaches this tax return season? They're probably nothing compared to the migraines the folks at H&R Block are experiencing after the nation's largest tax preparation firm admitted to botching more than 600,000 returns.
On March 8, the IRS announced that its Office of Professional Responsibility obtained the disbarment of enrolled agent Lorna M. Walker for stealing a client's tax payments and for preparing tax returns with false deductions for multiple clients.
On March 4, the IRS announced it has been forced to trim awards paid to whistleblowers, to reduce refundable credits for certain types of tax-exempt bonds, and to reduce the refundable portion of the Small Business Health Care Tax Credit for some small tax-exempt employers – all by 8.7 percent.
The IRS announced March 4 it has finished updating all its forms and its tax-processing systems so that all individual and business taxpayers who may have been forced to postpone filing while awaiting revised forms are now able to file their 2012 federal income tax returns.
Appearing before US District Judge Margaret M. Morrow, a Los Angeles woman was sentenced February 25 to three years in prison for her role in a scheme whereby she used the identities of others to defraud the federal bankruptcy and tax systems.
The IRS is throwing yet another life preserver to taxpayers who were victimized by Hurricane Sandy. Under a new Notice, these taxpayers now have until October 15, 2013, to deduct their disaster-area losses on a 2011 or 2012 return.
College students, eager to get a taste of the accounting profession, are once again turning out to assist low-income taxpayers file their tax returns through the IRS Volunteer Income Tax Assistance (VITA) program.
On February 25, the IRS issued Rev. Proc. 2013-21, which reflects inflation adjustments to the depreciation limits and lease rates for cars, trucks, and vans first placed in service in calendar year 2013.
The United States has asked a federal court in Memphis, Tennessee, to permanently bar Ahmed Grant and Lillian Madyun from preparing federal income tax returns for others. The estimated harm to the government is over $2 million for the 2010 tax year alone, and may be as high as $5 million.
The other shoe is about to drop for hundreds of thousands of taxpayers who converted from a traditional IRA to a Roth in 2010. And the IRS is likely to catch it. In fact, it has just posted a reminder to 2012 filers.