TIGTA: IRS Needs to Investigate Preparers Who Make False EITC Claims

The Treasury Inspector General for Tax Administration (TIGTA) says that the IRS needs to crack down on Earned Income Tax Credit preparer fraud: The Internal Revenue Service needs to improve its ability to identify tax…

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Brookings: RALs are Bad for You Even if You Want Them

Alan Berube writing for Brookings thinks its a good thing that poor people can no longer get refund anticipation loans (RALs) (emphasis is mine): Last week’s… positive EITC development was IRS’ decision to suspend availability of…

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Homebuyer Credit Extended to September 30, 2010

Kay Bell reports that the extension of the homebuyer credit was passed last night in the Senate: If you went to be last night freaking out that you wouldn’t be able to claim the first-time homebuyer…

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Widespread Fraud with First-Time Homebuyer Credit

We have written before how refundable tax credits always seem to bring the bottom-feeders to the surface. Well, it’s happened again with the first-time homebuyer credit. According to Paul Caron the Treasury Inspector General for Tax Administration…

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IRS Issues Guidance on Small Business Health Insurance Tax Credit

Shirl Kennedy of Docuticker reports that the IRS has issued Notice 2010-44 Tax Credit for Employee Health Insurance Expenses of Small Employers: The Internal Revenue Service today issued new guidance to make it easier for small businesses…

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