What Triggers an IRS Tax Audit?
The odds of an audit can increase substantially depending on your income, types of income, deduction amount and changes you have made since filing your last tax return.
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The odds of an audit can increase substantially depending on your income, types of income, deduction amount and changes you have made since filing your last tax return.
The Internal Revenue Service has a message for taxpayers eager to learn the status of their tax refund: Please don't check the IRS website every five minutes — once a day is enough.
Experts recommend using some type of guidance to navigate forms and maximize your returns.
Millions of people are getting a jump on filing their tax returns now that they have received their W-2s and 1099 forms. And for most, the incentive to get moving is to get that tax refund in their bank account as soon as possible.
So you've prepared your tax return and found that you owe. What should you do if you can't pay?
The IRS expects 75 percent of all 2012 returns will get a refund, so if you haven't started preparing your taxes yet, do it.
You have probably heard about people stealing identities to open credit cards and purchase cars. But there a growing problem - people getting tax refunds after stealing someone's identity.
It is the time of year when American's file their income taxes, but this year your refund could end up going to somebody else.
It is time to end the tax exempt status of religious organizations that advocated for a partisan candidate.
Mitt Romney is the person who needs to put up or shut up in his dispute with Harry Reid. There is no reason to believe a word he is saying about his taxes.
If the GOP wants a candidate to "man up", they should tell Mitt Romney to grow up and stop hiding his returns and stop disparaging working Americans for meeting their tax obligations while he dodges his.
Workers who rely on tip jars to bolster their incomes have noticed a dip in tips because of an increase in the use of plastic for purchases. To combat the problem, new technology called DipJar has popped up in some cafes and shops across the city.
Mitt Romney pays a SHOCKINGLY low percentage of his income on taxes. For a man of his means seeking public office it is a SHAMEFUL number. But Romney is a man without shame.
President Barack Obama now wants to keep Bush tax cuts for the middle class, but when it comes to families making more than $250,000 a year he has others ideas.
An investor in Bain told Senator Reid that Mitt Romney had not paid any taxes over a ten year period, but maybe the more intriguing story is who else he hasn't been sending money to in years past.
"[Romney] has pushed the envelope all the way to the edge, to his benefit, and I think that Americans would find that pretty distasteful. I think it's going to make Americans recoil, and that's why I think he's not releasing those returns," said Former Auto Czar Steve Rattner.
It turns out Romney either lied to the American public or filed an incomplete and incompetent IRS return in 2010. W. Mitt Romney is hiding the document that reveals more information about the money he is hiding in financial institutions favored by despots, terrorists, drug dealers, money launderers and tax cheats.
Software and system problems caused thousands of IRS refund checks to be delayed this year. One woman decided that she had waited long enough, so she went to CBS's Asa Aarons for help.
Tax day is fast approaching. Review some of the more common tax scams, so that you can avoid them.
You may sell things online as a hobby, but the government may now consider you a business and it will cost you.
On a quiet street in Lyndhurst a pair of low-level scam artists have allegedly been ripping off refunds, one house and one mailbox at a time.
A warning for anybody getting ready to file their taxes or who may be waiting for their return. A new email scam is aimed at robbing you of your hard earned cash.
It's a sophisticated ploy and even the savviest taxpayers are falling for it. All it takes is the click of a mouse, you think you're connecting to the IRS website it's really just an email from a scammer.
The IRS says a refund claim was filed too late and has sued Steinbrenner and his wife, Christina, to recover $670,493.78.
Federal authorities say a crew of Internet bandits devised an international scheme to hijack more than 4 million computers worldwide to generate at least $14 million in fraudulent profits.
