How false IRS employees from India lured money from Americans

In late September, a woman in National City, California, answered a call where a voice on the other end said she was in trouble with the IRS and was accused of "tax evasion or tax fraud." The man introduced himself as an employee ...

IRS streamlines tax filing process

Filling in a U.S. tax return can be a tricky process, especially if you work as a freelancer or have a job that is paid on a non-standard basis. But thanks to recent innovations by the IRS (Internal Revenue Service), this process can be greatly simplified, writes Aol. Starting out…

New rules from the IRS: who needs to update ITIN now?

ITIN is a 9-digit number issued by the IRS to taxpayers who are not eligible for an SSN. Each ITIN starts with a 9, and the fourth and fifth digits range from 50-65, 70-88, 90-92, and 94-99. In December 2015, Congress adopted ...

Tax Service reported tax rates for 2017 year

The IRS has announced annual adjustments to a number of regulations for 2017, including tax rate charts, tax tables, and cost-of-living adjustments for specific tax locations. If you do not expect any significant changes in your ...

Why Americans are massively giving up citizenship

The prospect of tycoon Donald Trump becoming president has Americans considering moving out of the country. Google previously reported a surge in searches for “moving to Canada” after New Year’s Day in March. The Washington Post analyzed the data and came to the conclusion that Trump is not the possible...

Hackers stole data over 700 thousands of taxpayers

Hackers who hacked into the databases of the Federal Internal Revenue Service (IRS) last year gained illegal access to confidential information of over 700 American taxpayers. Last year, the IRS said that cyber attacks in May gave hackers access to 100 taxpayer data. Later,…

Hackers faked 101 a thousand declarations and robbed the US tax

Representatives of the US Federal Internal Revenue Service (IRS) have officially confirmed that they were subjected to a cyber attack. Attackers used stolen social security numbers to create fake tax documents. By forging papers, the hackers transferred all tax refunds and deductions of unsuspecting citizens to their accounts. On…

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