Time is running out for South Floridians scrambling to put the finishing touches on their state and federal tax returns ahead of Monday’s midnight filing deadline.
For the first time, lawmakers in the U.S. Senate unveiled how they plan to stop a growing national scam that’s stolen billions of dollars in tax money from Uncle Sam and legitimate taxpayers alike: tax refund fraud.
A 30-year old Ft. Lauderdale man found guilty of a identity theft tax refund scam will be sentenced this June.
The odds of an audit can increase substantially depending on your income, types of income, deduction amount and changes you have made since filing your last tax return.
Do you need a little extra cash? Everyone’s favorite tax agency might be holding it for you. $61 million is waiting to be claimed, and more than 62,000 Florida residents are entitled to the money, according to the Internal Revenue Service.
The Internal Revenue Service has a message for taxpayers eager to learn the status of their tax refund: Please don’t check the IRS website every five minutes — once a day is enough.
Experts recommend using some type of guidance to navigate forms and maximize your returns.
Millions of people are getting a jump on filing their tax returns now that they have received their W-2s and 1099 forms. And for most, the incentive to get moving is to get that tax refund in their bank account as soon as possible.
So you’ve prepared your tax return and found that you owe. What should you do if you can’t pay?
The IRS expects 75 percent of all 2012 returns will get a refund, so if you haven’t started preparing your taxes yet, do it.