By Staff Writer | Editorial credit: Tada Images / shutterstock.com A proposed agreement between the Internal Revenue Service (IRS) and U.S. Immigration and Customs Enforcement (ICE) has sparked significant concern among immigrant rights advocates and privacy experts. If finalized, the agreement could allow the IRS to share sensitive taxpayer information with ICE, potentially exposing […]
By Brian Figeroux, Esq. For individuals who are not eligible for a Social Security Number (SSN) but need to file a U.S. tax return, obtaining a Taxpayer Identification Number (TIN), specifically an Individual Taxpayer Identification Number (ITIN), is essential. This process is particularly significant for non-residents, immigrants, and undocumented individuals, but it raises important questions […]
Editorial credit: Paul Brady Photography / Shutterstock.com Aggressive marketing to ineligible applicants highlights unacceptable risk to businesses and the tax system IR-2023-169, Sept. 14, 2023 Moratorium on processing of new claims through year’s end will allow IRS to add more safeguards to prevent future abuse, protect businesses from predatory tactics; IRS working with Justice Department […]
By Cristina Miranda, Consumer FTC There’s a fake IRS email that keeps popping into people’s inboxes. It says that you can get a third Economic Impact Payment (EIP) if you click a link that lets you “access the form for your additional information” and “get help” with the application. But the link is a trick. […]
WASHINGTON — The Internal Revenue Service today continued an ongoing effort to help those experiencing homelessness during the pandemic by reminding people who don’t have a permanent address or a bank account that they may still qualify for Economic Impact Payments and other tax benefits. While Economic Impact Payments continue to be made automatically to […]
By IRS WASHINGTON — The Internal Revenue Service issued frequently asked questions today on how students and higher education institutions should report pandemic-related emergency financial aid grants. Students Emergency financial aid grants made by a federal agency, state, Indian tribe, higher education institution or scholarship-granting organization (including a tribal organization) to a student because of […]
WASHINGTON — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming days. “This continues to be a tough […]
WASHINGTON – The Internal Revenue Service today reminded taxpayers to choose a tax return preparer with care. Even though the vast majority of tax return preparers provide honest, quality service, some cause great harm through fraud, identity theft and other scams every year. People value good tax return preparers for helping them through a complicated […]
By Karen Hobbs, Assistant Director, Division of Consumer & Business Education, FTC Are you married to someone who owes past-due child support? Was your portion of the economic impact payment (“EIP”) mistakenly applied to pay your spouse’s debt? If so, you’re not alone. In mid-September, the IRS will automatically send “catch-up” payments to eligible spouses […]
United States Treasury Economic Impact Payment stimulus check for Coronavirus COVID-19 relief. Close up with check sticking out of envelope. – LOS ANGELES, April 28th, 2020 (Shutterstock) WASHINGTON — The IRS and Treasury have successfully delivered nearly 130 million Economic Impact Payments to Americans in less than a month, and more are on the way. […]