IRS Commish: Extensive Wait Times Calling IRS
1 minute read
New IRS commissioner John Koskinen warned taxpayers in the following video below that if you plan to speak to an IRS representative, expect to wait…a lot. Koskinen said:
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Tax Tips & News: Identity Theft
IRS Answered Only 61% Of Calls In 2013
2 minutes read
In a recent report by National Taxpayer Advocate Nina Olsen, the IRS was only able to answer 61% of phone calls made by taxpayers to the agency. Just 10 years ago, the IRS was able to address 87% of calls. The reasons cited were the increasing complexity of tax questions unable to be answered by automated systems as a result of the overall increasing complexity of the tax code. This coupled with budget cuts to the agency resulted in nearly 4 out...
Refunds Delayed For Some Low-Income Taxpayers
2 minutes read
According to a recent article, refunds are being delayed for some lower income taxpayers; especially those that file for the Earned Income Tax Credit (EITC). The primary reason for the delay is these taxpayers tend to file early, and these returns are particularly susceptible to Identity Theft & fraud. Highlights include:
Taxpayers: Protect Yourself From Identity Theft
4 minutes read
Identity theft has become a huge problem for the IRS. Last year alone, there were nearly 650,000 cases of Identity Theft reported to the IRS. Some believe the skyrocketing amount of cases are a direct result that the IRS now requires all tax returns to be filed electronically. The IRS has implemented “digital safeguards” this year to intercept returns which they deem have a high probability of identity theft, and have deployed a task force of 3,000...
TIGTA: IRS Failed To Properly Screen 77% Of New Hires
3 minutes read
The Treasury Inspector General for Tax Administration today released Inspection of the Employee Pre-Screening Process (2012-IE-R003) and found the following:
Taxpayer Beware: Email Scams
1 minute read
The Internal Revenue Service has been plagued with phishing schemes in recent years. Taxpayers beware that the IRS will never contact you via email, so anything that you receive via email that says it is from the IRS is actually not.