EITC Update on Delays & Precautions
IRS is reporting that 30% of your EITC clients could face a 75-day review process. This could be a result of the 38% increase in EITC fraud reported in 2010 by TIGTA. Taxpayers affected by this new screening process will receive the IRS Letter 4883C by mail, and they will be asked to respond by […]
Fraudulent Tax Offices and Check Cashing Stores Targeted by IRS
The first week of the tax season has seen some interesting actions taken by the IRS. They have actively taken aim at both high fraud tax offices and check cashing facilities that seem to consistently be in the middle of of these problematic returns. In prior years, the IRS has taken more of a reactionary […]
Detroit Tax Fraud Ring Blamed for First Week Slow Fund
The IRS released insight that tax returns filed between the 17th and 24th are experiencing delays in funding, but returns filed after that 24th should be back inline with the standard funding cycle. IRS fraud detection systems are at the root of the delays. Over $800,000 in fraudulent tax filings were said to have been […]