As April 15 approaches, it’s an ideal time to gauge Americans’ attitudes about the tax system. Quinnipiac University in Connecticut did just that in a recent poll and came up with some interesting findings. The national poll of 1,711 registered voters found that nearly two-thirds of Americans enlist someone else… Read More →
New Yorkers with incomes under $57,000 can file their state and federal income taxes for free, but they have to do so through the state Department of Taxation and Finance website by the April 15 deadline, according to Camille Siano Enders, the state taxpayer rights advocate. Many taxpayers try to file… Read More →
Each year, the IRS compiles its “Dirty Dozen” list of tax scams, which include identity theft, phishing, return preparer fraud, misuse of trusts and other schemes. Illegal scams can lead to penalties and interest and possible criminal prosecution, according to the IRS. The agency said it works closely with the… Read More →
Nearly 63 million New York taxpayers have given even more of their money to the federal government by not collecting refunds totaling $65 million, according to the IRS. The problem is that those taxpayers didn’t file a federal income-tax return for 2009. To get the refunds—half of which are more than… Read More →
The state Dept. of Taxation and Finance has created a new website offering guidance to residents who believe they are victims of identify theft, including how to determine if you are and what steps you can take to recover your identity and any lost money. The new page (http://www.tax.ny.gov/help/contact/identity_theft.htm) explains… Read More →
The IRS announced the results today of a national sweep targeting identity-theft suspects in 32 states and Puerto Rico, including in Yonkers. The effort against 389 suspects led to 734 enforcement actions in January, including 109 arrests; 189 indictments, informations and complaints; and 47 search warrants. The effort is part of… Read More →
The IRS released its annual inflation adjustments this week, including tax-rate schedules for 2013 and other tax changes from the American Taxpayer Relief Act of 2012. These are some of the major changes, according to the IRS: —The standard deduction increases from $5,950 to $6,100 for an individual and from… Read More →
The IRS is stuck with a bunch of undeliverable refund checks and would like to get them to their rightful owners. The checks were not delivered earlier this year because of mailing address errors. Taxpayers who did not receive their refunds in the mail and think their check could have… Read More →
If this is your lucky day and you win the Powerball lottery, your initial celebration and excitement over having so much money to spend will be followed by a series of tough questions. Should I take the prize in a lump sum or receive annual payments? How can I find… Read More →
We’ve had Black Friday, Small Business Saturday and Cyber Monday. Now, the nonprofit world is promoting Giving Tuesday, encouraging people to contribute time or money to their favorite cause today. There are more than 2,000 #GivingTuesday partners from all 50 states, according to an umbrella Web page created by the 92nd Street… Read More →
