Officials believe the scam started in India.
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Now that a new year has begun, it is time to start thinking about filing 2015 tax returns.
“I think you’re a scam artist and we’re going to track you down and have you arrested”, Pegues said to the caller, who promptly hung up the phone. “Our employees have been working hard throughout the year to make this happen”.
The department has teamed with the IRS, other states and tax preparation software vendors in a Security Summit that will result in enhanced scrutiny and verification of returns (https://www.irs.gov/Individuals/Taxes-Security-Together).
“They’re just ruthless criminals, and they really don’t care about people”, says Tim Camus the Treasury Department’s Deputy Inspector General of Investigations. You must file a tax return and submit Form 8962 to reconcile these payments with the actual premium tax credit to which you are entitled.
While documents could have been mailed prior to January 19, the biggest change is that the IRS’ online tax filing service is now up and running for 2015 returns. You can put your banking information on your tax return and get your refund deposited into your bank account and not have to worry about receiving your refund check in the mail.
Eubanks says, “The main thing that we’ve heard recently, directly from the lips of Commissioner Coskin is, if you are surprised to hear from us, you’re probably not hearing from us”. Now comes one of the most frequently asked questions every year: When will I get my refund?
For 2016, more Free File software providers are offering both free federal and free state tax return preparation for states with income tax requirements. “The partnership between Free File and Operation HOPE will help free tax services reach more taxpayers, especially low-income and underserved Americans who need them the most”.
You’ll have several extra days to file your tax return this year.
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If you or anyone on your tax return purchased coverage from the federal government’s health-insurance marketplace, you may be eligible for the premium tax credit. Shirley Turner (D-Mercer). “If you ain’t in it, you can’t win it”. The IRS also reminds taxpayers that a trusted tax professional can also provide helpful information about the tax law. If the financial institution does not receive a direct deposit within the expected time frame for whatever reason, the taxpayers may be liable to the lender for additional interest and other fees, as applicable for the RAL or other tax refund-related product.
