NULL 61°
Tag:

IRS

News
IRS Issues Warning For These Taxpayer Scams IRS Issues Warning For These Taxpayer Scams
IRS Issues Warning For These Taxpayer Scams A new warning from the Internal Revenue Service (IRS) has taxpayers on high alert as the agency unveils its 2025 Dirty Dozen — a list of the most common and deceptive tax scams that could put financial and personal information at risk. With tax season in full swing, scammers are ramping up efforts to steal money, sensitive data, and even taxpayer identities. From fake tax credits to social media-fueled misinformation, the schemes on this year’s list serve as a reminder that fraudsters are constantly evolving their tactics. What Is the Dirty Dozen? Each year, the IRS compiles the Dirty Doze…

SHARE

by Joe Lombardi
News
IRS Announces These Changes For 2025 Filing Season IRS Announces These Changes For 2025 Filing Season
IRS Announces These Changes For 2025 Filing Season As the 2025 tax filing season progresses, the Internal Revenue Service (IRS) has outlined key updates taxpayers need to know when preparing their 2024 returns.  These changes affect deductions, tax credits, filing deadlines, and eligibility for various tax benefits. Key Filing Updates and Deadlines The deadline for submitting Form 1040 or 1040-SR for the 2024 tax year is Tuesday, April 15.  Taxpayers are urged to wait until they receive all necessary documents before filing to avoid processing delays or errors. The IRS also recommends creating an IRS Online Account for secu…

SHARE

by Joe Lombardi
Politics
$5K DOGE Rebate Checks For Americans? Musk, Trump Tease Possible Plan $5K DOGE Rebate Checks For Americans? Musk, Trump Tease Possible Plan
$5K Doge Rebate Checks For Americans? Musk, Trump Tease Possible Plan President Donald Trump is floating the idea of a potential $5,000 rebate for American households, following a suggestion from billionaire Elon Musk that taxpayers should benefit from cost-cutting measures at the federal level. Trump’s remarks came Wednesday, Feb. 19 Miami Beach, Florida, after Musk posted on X that he would “check with the President” about a proposal to distribute tax refund checks funded by savings from the Department of Government Efficiency (DOGE).  The idea was originally suggested by James Fishback, CEO of Azoria Investment, who referred to it as a “DOGE Dividend.…

SHARE

by Joe Lombardi
Business
American Express To Pay $230M For Misleading Small Business Customers American Express To Pay $230M For Misleading Small Business Customers
American Express To Pay $230M For Misleading Small Business Customers American Express said it will pay $230 million to resolve federal investigations into deceptive sales tactics and recordkeeping violations involving small business credit card and wire transfer products. The credit card company agreed to pay a $108.7 million civil penalty, the Department of Justice said in a news release on Thursday, Jan. 16. The settlement resolved claims against American Express of deceptive marketing and "dummy" account information. American Express was accused of engaging in unlawful sales tactics and falsifying records between 2014 and 2021. "When financial companies …

SHARE

by Chris Spiker
News
2025 Tax Season Begins: What You Need To Know About Expanded Options, New Tools 2025 Tax Season Begins: What You Need To Know About Expanded Options, New Tools
2025 Tax Season Begins: What You Need To Know About Expanded Options, New Tools Early filers, get ready. The 2025 tax season is here! The IRS will start accepting and processing tax returns on Monday, Jan. 27, the agency said in a news release. IRS Free File also became available on Friday, Jan. 10 to taxpayers who qualify through private-sector partners. With more than 140 million tax returns expected, the IRS urged taxpayers to take advantage of updated online resources and consider using trusted tax preparers to avoid scams. "This has been a historic period of improvement for the IRS, and people will see additional tools and features to help them with filing their …

SHARE

by Chris Spiker
Sports
Ex-Eagles Player Wendell Smallwood Jr. Pleads Guilty To COVID-19, Tax Fraud Ex-Eagles Player Wendell Smallwood Jr. Pleads Guilty To COVID-19, Tax Fraud
Ex-Eagles Player Wendell Smallwood Jr. Pleads Guilty To Covid-19, Tax Fraud Former Philadelphia Eagles running back Wendell Smallwood Jr., of Mullica Hill, New Jersey, a Super Bowl champion, pleaded guilty to federal charges of wire fraud, conspiracy to commit wire fraud, and conspiracy to defraud the IRS on Wednesday, Dec. 20, in Wilmington, Delaware, according to federal court documents obtained by Daily Voice. The plea agreement outlines Smallwood's admission of guilt to defrauding COVID-19 relief programs and engaging in tax fraud schemes. Smallwood, 30, faces a maximum sentence of 50 years in prison and significant financial penalties, including resti…

SHARE

by Jillian Pikora
News
Punched Federal Corrections Officer At PA Prison Lands Kentucky Drug Trafficker Extra 41 Months Punched Federal Corrections Officer At PA Prison Lands Kentucky Drug Trafficker Extra 41 Months
Punched Federal Corrections Officer At PA Prison Lands Kentucky Drug Trafficker Extra 41 Months A Kentucky drug trafficker serving time in Pennsylvania has been sentenced to an additional 41 months in prison for punching a corrections officer at the Federal Correctional Institute (FCI) Allenwood, federal officials announced on Monday, Dec. 23. Demetrius Catching, 34, formerly of Nicholasville, Kentucky, attacked the officer in 2016 while serving a 60-month sentence for distributing crack cocaine. The sentence, handed down by U.S. District Court Judge Robert D. Mariani, will run consecutively to the 148 months Catching is already serving for drug distribution and money laundering convic…

SHARE

by Jillian Pikora
News
IRS Sending Special Payments To 1 Million Americans: Here's What To Know IRS Sending Special Payments To 1 Million Americans: Here's What To Know
IRS Sending Special Payments To 1 Million Americans: Here's What To Know The Internal Revenue Service (IRS) announced it will issue automatic payments this month to nearly one million taxpayers who didn’t claim the Recovery Rebate Credit on their 2021 tax returns.  These payments aim to assist eligible individuals who missed claiming the credit, which provides up to $1,400 per person for those who didn’t receive the full amount of their Economic Impact Payments (EIPs). Who Will Receive Payments? Eligible taxpayers include those who filed a 2021 tax return but either left the Recovery Rebate Credit field blank or entered $0 despite qualifying. Payments wil…

SHARE

by Joe Lombardi
News
Holiday Deals Or Fraud? IRS Issues Warning For These Scams Holiday Deals Or Fraud? IRS Issues Warning For These Scams
Holiday Deals Or Fraud? IRS Issues Warning For These Scams As the holiday shopping season begins, the IRS reminds everyone that it’s not just your credit card balance you need to watch — it’s also your personal information. As part of its ninth annual National Tax Security Awareness Week, the IRS is warning taxpayers about a rise in holiday scams.  The scammers aren’t interested in gifts under your tree; they’re after your Social Security number and financial information instead. Here’s how scammers are getting creative—and how you can stay safe: Phishing Emails: Be wary of emails pretending to be from reputable retailers, shipping companie…

SHARE

by Joe Lombardi