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IRS Tax Fraud Increasing

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IRS Tax Fraud Increasing

Identity theft linked to IRS tax fraud has been increasing. However, according to a recent government report, the IRS is actually unaware of the number of persons who are running scams on the system.

Based on a study from the Government Accountability Office (GAO), a watchdog that collaborates with Congress, between January and September 2012, there were approximately 642,000 incidents of identity theft which involved tax fraud, which is 62 percent more than 2011. The report further stated that during that same period of time, the IRS would have paid some $754 million in refunds that … Read more at 2011 Tax.

Back Taxes – Getting Back Tax Money

Back Taxes

Getting professional help with your 2011 Federal Tax Filing would allow you to get your Back Taxes and obtain the money that belongs to you. If you have not been able to get your information ready in time, you probably missed out on the date that you were supposed to file your taxes. When this happens, you likely have money that is owed to you. However, not filing also means that you are not able to obtain this money because of the fact that you took too long to complete the filing process. If you find yourself in … Read more at 2011 Tax.

Tax Carnival Ecstasy – April 5, 2012

Welcome to the April 5, 2012 edition of Tax Carnival Ecstasy. In this edition we start with Learning About Tax Liability by Bill Smith. We also have an article on starting a small business, Home Business, Yay or Nay? from the site 2010 Tax. Jeffery Weber looks at Using Credit Card Rewards to Reduce the Cost of Paying your Taxes. Finally, Edward Webber examines How Much Can a tax payer can Earn Without Paying Taxes 2012. Hope you enjoy the articles, bookmark, share, tweet, like on Facebook and come back real soon.

Amy Gardner presents Social Media Marketing Basics for

Read more at 2011 Tax.

The Importance Of Having A Good Accountant

While it may seem that any bookkeeper or even keeping track of your own books will do, there is much to be said for employing a good accountant for your personal and business finances.

Save Money

Of course a good accountant will cost a fair amount of money, but in the long run having a capable accountant in charge of the books will save much more money than it costs. A good accountant will be able to see areas where expenses can be reduced as well as those instances where income can be increased. A really good accountant will even … Read more at 2011 Tax.

The Mega Millions Jackpot Has States Dreaming About Taxes From Possible Winners

As the Mega Millions jackpot grows to a record $540 million, those buying tickets are not the only ones with dreams about what a win could mean.  State governments facing hard times understand a local winner would bring a bonus tax to the home state.

The taxes on the lump-sum payment option to any single winner would bring several million dollars of revenue to the state.  That revenue in could restore the entire cuts being faced by social services programs, pay for several hundred low-income housing units and help to increase the number of state police.

The sale of ticket … Read more at 2011 Tax.

E-File And Get Your Tax Return Sooner

At the beginning of every year literally millions of people across the country are rushing to get their tax returns. A lot of people choose to file on paper which can be plagued by the usual delays of using the mail. If you would like to get your return more promptly then the best option is probably to e-file.

Doing taxes used to be a mess of paperwork for most people. Many people used to use expensive preparation services to help them deal with this chore. Now there is no need to go through endless papers or to take … Read more at 2011 Tax.

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