Internal Revenue Service
The IRS’ overloaded phone system hung up on more than 8 million taxpayers this filing season as the agency cut millions of dollars from taxpayer services. The agency’s budget has been cut by $1.2 billion since 2010.
Geared primarily towards low-to-middle income, working individuals and families, the Earned Income Tax Credit (EITC) is a federal benefit able to provide relief to those who meet specific criteria, by reducing the amount of tax owed and by increasing the amount of tax monies refunded, as determined after filing. Both single and married people can benefit from EITC, regardless of whether or not they have children or other dependents.
It’s easy to make a mistake on your taxes, especially if you are a new business owner or running a small business. Before you file, dot your i’s and cross your t’s by making sure to use the correct tax forms.
Fake IRS agents have targeted more than 366,000 people with harassing phone calls demanding payments and threatening jail time as part of a huge nationwide scam.
The former CEO of a Walnut Creek and Lafayette-based venture capital firm was sentenced in an Oakland courtroom Wednesday to two years in prison and ordered to pay $1.3 million in restitution for a wire fraud scheme he devised to pay off personal debts
An alert grocery store clerk helped foil a phone scam by stopping a woman before she handed over thousands of dollars to a IRS fake agent.
A federal judge in San Francisco sentenced a doctor from Napa to a year and a day in prison Friday for defrauding the IRS out of more than $100,000.
While post offices will not be keeping different hours on tax day, two post offices in the Bay Area are open late in case any late filers cannot make it during regular retail hours Tuesday.
The Internal Revenue Service audited less than 1 percent of the income tax returns filed last year. But your odds of getting audited vary greatly, depending on income.
Virtual currencies like bitcoin will be taxed like property — not currency, the Internal Revenue Service said Tuesday. The IRS says bitcoin is not legal tender. You can’t use it to pay your taxes.