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Internal Revenue Service

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Some Americans Must File Tax Returns In March: Here's Who, Why Some Americans Must File Tax Returns In March: Here's Who, Why
Some Americans Must File Tax Returns In March: Here's Who, Why The Internal Revenue Service (IRS) has alerted some American workers that they face an early tax deadline.  Those in the group who did not make estimated tax payments by Wednesday, Jan. 15, 2025, must file their 2024 federal income tax returns and pay any taxes owed by Monday, March 3, 2025.  Due to the deadline falling on a Saturday, it has been extended from the usual Saturday, March 1, to Monday, March 3. Details of the Early Deadline Farmers and fishers who qualify for this special deadline are those who derived at least two-thirds of their gross income from their respective…

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by Joe Lombardi
Business
Scammers Impersonating IRS With These Texts: Here's What To Know Scammers Impersonating IRS With These Texts: Here's What To Know
Scammers Impersonating IRS With These Texts: Here's What To Know A new scam is making the rounds, with fraudsters posing as Internal Revenue Service (IRS) agents and sending text messages promising a substantial rebate.  The trap is a phishing attempt designed to steal your personal and financial information. What’s Happening? The fraudulent messages claim recipients are eligible for a $1,400 stimulus check, directing them to click on a fake link to “claim” their payment.  How The Scam Works You receive a text message appearing to be from the IRS, stating that you’re owed an Economic Impact Payment and must provide personal information …

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by Joe Lombardi
News
Can IRS Layoffs Affect Your Tax Refund? Here's What To Know Can IRS Layoffs Affect Your Tax Refund? Here's What To Know
Can IRS Layoffs Affect Your Tax Refund? Here's What To Know With layoffs affecting as many as 6,000 Internal Revenue Service (IRS) workers reportedly underway, anxiety has heightened for Americans eager to receive refunds near the midway point of tax filing season. Approximately 140 million returns are expected to be filed by the Tuesday, April 15 deadline. Last year, around two-thirds of taxpayers received refunds, averaging about $3,100, according to IRS data. The IRS opened the 2025 tax filing season on Monday, Jan. 27.  For many households, a tax refund can be the largest annual payment they receive all year, and it's often used to pay off…

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by Joe Lombardi
News
Thousands Of IRS Workers Expected To Be Fired Just Weeks After Tax Filing Season Starts Thousands Of IRS Workers Expected To Be Fired Just Weeks After Tax Filing Season Starts
Thousands Of IRS Workers Expected To Be Fired Just Weeks After Tax Filing Season Starts Thousands of Internal Revenue Service (IRS) employees are expected to be fired by the end of this week just after the start of tax filing season. In a move that has caught many off guard, the layoffs of 6,000 IRS employees are expected to begin this Thursday, Feb. 20, according to The New York Times. The decision is part of the Trump administration’s broader strategy to downsize the federal workforce.
 The cuts will primarily affect newer hires at the IRS, which had seen a revitalization effort under the Biden administration with increased funding and new staff.  However, reports ind…

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by Joe Lombardi
News
$145M Scheme: Man From Region Known As 'Magician' Admits To One Of Largest Ever Frauds $145M Scheme: Man From Region Known As 'Magician' Admits To One Of Largest Ever Frauds
$145M Scheme: Man From Region Known As 'Magician' Admits To One Of Largest Ever Frauds A Northern Westchester man who earned the nickname “The Magician” for his ability to slash tax bills has pleaded guilty to orchestrating a massive $145 million fraud scheme that spanned a decade, federal officials announced. Rafael Alvarez, age 61, of Cortlandt Manor, entered the plea in Manhattan federal court on Tuesday, Dec. 17, after being charged with conspiracy to defraud the US and aiding the preparation of false tax returns, according to Edward Y. Kim, Acting US Attorney for the Southern District of New York.  Alvarez, the CEO and owner of ATAX, a Bronx-based tax preparation bu…

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by Ben Crnic
News
Bank Manager From Region Sentenced For Hiring A Hitman To Murder Brother-In-Law Bank Manager From Region Sentenced For Hiring A Hitman To Murder Brother-In-Law
Bank Manager From Region Sentenced For Hiring A Hitman To Murder Brother-In-Law A Hudson Valley bank manager is headed for federal prison after pleading guilty to plotting to hire a hitman to murder her own brother-in-law. Orange County resident Reshma Massarone, age 40, of Pine Bush, a hamlet of Crawford, was sentenced to 9.5 years in prison and three years of post-release supervision on Wednesday, Aug. 28, said Damian Williams, US Attorney for the Southern District of New York.  “The defendant devised a chilling plan to have a member of her own family murdered for the low price of ten thousand dollars," said Williams. "Her plan was unthinkably heartless. For th…

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by Kathy Reakes