Tax News

Share + Nov 6, 2009 6:13 pm US/Eastern 100,000 Unclaimed Checks Worth More Than $120 Million Waiting To Be Sent Out Reporting Cindy Hsu The IRS is trying to track down more than 100,000 lost taxpayers nationwide, and for once, these folks will want to be found.

Emergency help for out-of-work Americans will be a huge windfall to Realtors, homebuilders, mortgage bankers and others, and that's no accident.

The National Retail Federation welcomed today's passage of legislation that will bring recession-plagued retailers and other businesses more than $10 billion in badly needed cash by lengthening the period during which they can "carry back" current losses to claim a tax refund from previous years when they made a profit.

An estimated 287 Montana taxpayers are due refund checks from the Internal Revenue Service.

A Florida yacht broker who admitted filing a false U.S. tax return and concealing millions of dollars in a secret account at Swiss bank UBS AG was sentenced Friday to two months in prison.

A judge sentenced "Girls Gone Wild" founder Joe Francis on Friday to 301 days already served and a year of probation for filing false income tax returns and bribing Nevada jail workers.

A Lynchburg man whose Ponzi scheme cost investors $450,000 will spend three years in prison.

Twin sisters from Detroit are charged with selling their children's Social Security numbers so income tax filers could claim the kids as their dependents and boost their refunds.

Former New York City Police Commissioner Bernard Kerik admitted in court Thursday that he lied to the White House while being considered for chief of Homeland Security.

Congress took further steps to right the staggering economy by expanding a popular tax credit for homebuyers and extending unemployment checks for the growing legions of people running out of benefits with few job prospects.

The Internal Revenue Service is looking for a few thousand New Jerseyans - and it's to tell them some good news.

Federal agents spent the night searching the law offices of a high-profile South Florida attorney suspected in a massive fraud scheme.

When the president does it, it's not a tax. November 4, 2009 President Obama's promise to raise taxes only on the wealthy was easy to make and easy to break.

But how can you tell the Internal Revenue Service you bought a house--mind you, a house--when you didn't? Even when you're just 4 years old? See Form 5405, "First-Time Homebuyer Credit." "You look at the form, and you can see how if anyone had this mind-set, they could do it," said George W. Smith IV, a certified public accountant and partner at ...

MILWAUKEE Pabst Brewing Co., owner of Pabst Blue Ribbon, Schlitz and other old-line beer brands, is on the sale block again.

FREMONT -- The former superintendent of Clyde-Green Springs Exempted Village Schools will have a chance to explain himself when he is sentenced next month.

A spokesman for FedEx said it was "pleased" with the revision. The Trucker News Services 11/3/2009 SEATTLE - FedEx Corp said in a recent regulatory filing that the U.S. Internal Revenue Service has revised an employment tax audit notice against FedEx for 2002 that would drop the assessment regarding FedEx Ground independent contractors.

The Senate and House are poised to agree on a compromise measure to extend unemployment benefits that also would expand a popular $8,000 tax credit for homebuyers, despite a recent government report on extensive mistakes and suspected fraud in the program.

Two Canadian men have been charged with depositing very large, illegitimate IRS refund checks.

The Internal Revenue Service says more than 72 percent of Alabama's taxpayers filed their federal tax returns electronically during 2009.