Latest From the Blog
Tax Tip of the Week | No. 260 | IRS Made Improper EITC Payments of $13.3 - $15.6 Billion
The Internal Revenue Service allowed an estimated $13.3 billion to $15.6 billion to be paid in improper claims for the Earned Income Tax Credit last fiscal year, or about 22 to 26 percent of all EITC payments, according to a new government report found the IRS continuing to be noncompliant with a 2010 law that sought to limit improper payments.
IRS Has $1.1 Billion for People Who Have Not Filed a 2007 Income Tax Return | Tax Tip of the Week | No. 86
Refunds totaling more than $1.1 billion may be waiting for nearly 1.1 million people who did not file a federal income tax return for 2007, the Internal Revenue Service announced recently. However, to collect the money, a return for 2007 must be filed with the IRS no later than Monday, April 18, 2011. For Ohio, the IRS estimates there are 33,200 unfiled returns with an average refund of $620.