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Improper Payments by the IRS is Costing Taxpayers Billions
The IRS has made over $13 billion in improper payments in 2011. These improper payments came from the only program the IRS is currently reporting, the Earned Income Tax Credit. The Earned Income Tax
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Even the IRS Has a Smartphone App
IRS2Go, a Smartphone application that lets taxpayers check the status of their tax refund and obtain helpful tax information was introduced by the Internal Revenue Service (IRS) earlier this year. Apple users can download
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IRS has over $1 Billion in Tax Refunds Waiting for Taxpayers
The IRS may have a tax refund waiting for you. In fact, the IRS estimates it has over $1 billion in tax refunds waiting for taxpayers who did not file their federal income tax
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IRS Audit Examinations of Returns
Top Takeaways 1: There are a Number of Ways a Tax Return May be Subject to an Audit The IRS has a variety of ways of picking which returns to examine. For example, if
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President Obama’s Proposed Budget Increases Money for IRS
On Monday, President Obama released the Fiscal Year 2013 Budget that included a 6.9% increase in the Department of Treasury budget. The President’s budget provides for $14 billion for the Department, $12.8 of that
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Innocent Spouse Relief
Top Takeaways 1: Three Requirements to Qualify for Innocent Spouse Relief First, a joint return must have been filed that contained an understatement of the tax, due to erroneous items, including unreported income or
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