Internal Revenue Service

Income Tax

What Is Earned Income Tax Credit (EITC)?

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.

04/01/2015

Small Business Tax Tips, Tax Help, Tax Tips, Small Business

Small Business Tax Tips: Are You Filing The Correct Forms?

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.

03/15/2015

telephone, phone, generic

Fake Agents Dupe Taxpayers Out Of $15.5 Million In Largest IRS Phone Scam In History

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.

03/12/2015

jail, prison, generic

Judge Sentences Lafayette Venture Capitalist To 2 Years For Wire Fraud Scheme

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

10/29/2014

Prepaid debit cards for sale (CBS)

South City Safeway Clerk Foils IRS Phone Scam, Saves Woman Thousands

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.

07/05/2014

Federal Building and Courthouse

Fed Judge Sentences Napa Doctor To Year In Prison For Tax Fraud

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.

06/14/2014

Taxes

Main Post Offices In Oakland, San Jose Open Late On Tax Day

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.

04/14/2014

Tax Deadline

Your Chances Of Being Audited By The IRS

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.

04/13/2014

The bitcoin website is shown on the computer of the proprietor of a shop selling vinyl records and that accepts bitcoins for payment on April 11, 2013 in Berlin, Germany. (Photo by Sean Gallup/Getty Images)

IRS Says Bitcoin Will Be Taxed Like Property, Not Currency

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.

03/25/2014

(Getty Images/Comstock Images)

IRS Phone Scam Hits Victims On The Peninsula

The Internal Revenue Service is warning the public of a widespread phone scam in which phony IRS agents get victims to pay money based on false tax bills.

03/11/2014

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