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Tag: Internal Revenue Service
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…
$145M Scheme: Hudson Valley Man 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…
