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TAX LAW NEWS - TAX LITIGATION
From the category archives:
Perhaps it’s a gift from the past. Uncle Sam owes more than a million Americans a tax refund from 2007.
The only problem is they didn’t file a return. But it’s not too late.
“In cases where a return was not filed, the law provides most taxpayers with a three-year window of opportunity for claiming a refund,” [...]
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Vice President Joe Biden said deductions and credits enacted with stimulus legislation have helped push average refunds from the 2009 tax year up almost 10 percent, or $266 per household.
Biden, Treasury Secretary Timothy F. Geithner and Internal Revenue Service Commissioner Douglas Shulman today highlighted the stimulus measure provisions to remind taxpayers they still have time [...]
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Prospects are brightening for a tax-law change to allow victims who invested indirectly in Ponzi schemes through advisers or feeder funds to get bigger tax refunds for their theft losses.
The change would allow victims of swindlers such as Bernard Madoff to carry back their theft losses for as long as five years instead of the [...]
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Silena Davis had counted on an early tax refund to pay for getting her teeth fixed. Now, because Congress has dawdled all year on a tax bill, she and millions of other early filers could have to wait extra weeks for refunds that last year averaged $2,291.
The Internal Revenue Service is looking hard at delaying [...]
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Believe it or not, late filers are most likely than the general population to have tax refunds. You absoultely need to know that there are strict time limits for refunds, audits, and debt collection.
Your plan of action should provide an estimate for how long it will take to get your refund checks. If you owe [...]
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