Tag Archives: tax return

KC Tax Preparer Sentenced for Wire Fraud, False Tax Returns

A Kansas City, Mo., tax preparer has been sentenced in federal court a nearly $1 million wire fraud scheme in which he filed federal income tax returns for his clients that contained false information. Louis-Loradin, was sentenced to 20 months … Continue reading

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Unclaimed Tax Refunds Reaches $1 Billion

The IRS has recently announced that the amount of unclaimed income tax refunds now totals more than $1 billion.  The IRS estimates that 11,100 people in Kansas are due a refund with the average refund being $746.  The IRS estimates … Continue reading

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IRS Accepting Returns that Skip the Obamacare Health Tax

Pursuant to President Trump’s executive order, the IRS will be accepting income tax returns that do not complete the requirement to report your health insurance on your income tax return.  However, the IRS has stated that it can, and may, … Continue reading

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The IRS Indicts an IRS Agent

Former IRS employee Carla Mitchell, a 48 year old woman from Kansas City, Kansas, was indicted by a federal grand jury for filing false tax returns.  Carla is charged with filing false tax returns for herself and 13 of her … Continue reading

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No Tax Refunds until February 15, 2017

Due to a new law, the IRS will not be issuing tax refunds on the Earned Income Tax Credit and the Additional Child Tax Credit until February 15, 2017.  The IRS will hold the entire refund until February 15, 2017. … Continue reading

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Ways to Get Paid

While there are many ways to pay the IRS, there are only a few methods to get money out of the IRS. The first method, direct deposit, is the most popular and most-favored by taxpayers.  It is a free service … Continue reading

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Protecting Americans from Tax Hikes

The IRS will be implementing new plans for processing tax returns for the 2017 filing season. The Protecting Americans from Tax Hike Act will no longer allow the IRS to issue credit or refunds to early filing tax payers if … Continue reading

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Common Personal Income Tax Return Penalties

The first penalty is not really a penalty, but it occurs so often that I thought I would mention it.  Any unpaid amounts to the IRS accrue interest from the due date of the return until the date of payment.  … Continue reading

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Stolen Identity on your Tax Return

More than 80% of Americans file their income tax returns after April 1.  However, if you do not file early, you leave the potential for an identity thief to file a fraudulent tax return in your name, claiming a big … Continue reading

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Over-looked Tax Deductions

The end of this month marks the halfway point for the tax season.  If you haven’t filed yet, or you have filed but may want a second look, don’t forget about these often-over-looked deductions:  Investment losses up to $3,000 from … Continue reading

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