All posts tagged IRS

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Bucking regulators, tax preparers offer refund loans

  (MoneyWatch) – Federal regulators have been trying for years to stop tax-preparers from offering short-term, high-cost loans that are repaid with the borrower’s tax refund. But while only a few tax preparers are offering these so-called refund anticipation loans, …

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One-Man Sperm Bank Can’t Deduct ‘Donations’

In a story as bizarre as it is true, a one-man sperm bank based out of California had its application for non-profit status rejected by the IRS. What’s

Tax Relief for Fraud Victims

If you lost money to any of the Ponzi schemes that seemed to be all the rage in 2008, the IRS offers some relief, if not much sympathy.

IRS Policies Protect 1.2 Million Identity Thieves

IRS policies allow some 1.2 million identity thieves to file tax returns and claim refunds each year. Since the agency has no systematic way to warn victims that

Beware Tax Preparers with Familiar Initials

The U.S. Attorney’s office in San Diego recently nabbed a tax preparer named David Canales who deposited his clients’ tax checks into his own conveniently acronymic bank accounts.

Joe Stack: How to Really Tick Off the IRS

The rambling note left behing by suicide flyer Joe Stack before he crashed a plane into an Austin IRS office indicates that he may have hit every hot

Bad Checks Cost Uncle Sam $20 Million

A recent report revealed that the Internal Revenue Service has provided some $53 million in tax refunds to people who supposedly overpaid their taxes by check. Only after

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