Internal Revenue Service
Geared primarily towards low-to-middle income, working individuals and families, the Earned Income Tax Credit (EITC) is a federal benefit able to provide relief to those who meet specific criteria, by reducing the amount of tax owed and by increasing the amount of tax monies refunded, as determined after filing. Both single and married people can benefit from EITC, regardless of whether or not they have children or other dependents.
It’s easy to make a mistake on your taxes, especially if you are a new business owner or running a small business. Before you file, dot your i’s and cross your t’s by making sure to use the correct tax forms.
The Minnesota Department of Revenue says taxpayers can start filing their Minnesota tax forms on Jan. 20. That’s the same day that the IRS says taxpayers can start filing their 2014 returns.
Federal prosecutors say a Minnesota man has pleaded guilty to defrauding investors of more than $19 million. Fifty-five-year-old Tyrone Herman of St. Anthony entered his plea Friday in U.S. District Court. According to court documents, Herman claimed he could purchase small appliances from manufacturers and wholesalers at below-retail market rates.
Two inmates at a Minnesota prison are accused of filing $400,000 in false tax claims to the Internal Revenue Service, according to the U.S. Attorney’s Office. Tony Terrell Robinson, 30, and Tanka James Tetzlaff, 39, were each charged Tuesday with one count of conspiracy to defraud the United States and 10 counts each of making false claims.
If you haven’t filed your 2013 income taxes yet, the clock is ticking. You have until the end of the day to get them done, get them in the mail or file for an extension. Officials with the Internal Revenue Service said about 35 million tax payers wait until the last week to file their taxes.
If you haven’t filed your 2013 income tax return yet, you have about a day to do so and get it in the mail or file paperwork for an extension to meet the April 15 deadline. But officials said the chances of getting audited are the lowest in years.
We are just a few days into tax filing season. Though most people probably haven’t gotten their taxes done quite yet, WCCO took look into answering one of the most common questions. Tax season was delayed a few weeks, but the deadline is still April 15.
Minnesota Attorney General Lori Swanson is going after a company she says tricked hundreds of people into believing they were protecting their families. The lawsuit filed Monday claims Heritage Partners, LLC convinced aging Minnesotans that a licensed attorney would prepare a living trust of will to protect their assets. Customers claim they were actually sold lies. The government estimates 10,000 Baby Boomers retire each day, many of whom have already begun planning for their future.
Minnesota gay couples preparing to get married after it becomes legal next month will have to wait a bit longer for guidance on their income taxes. The state Department of Revenue served notice Thursday that it is awaiting further word from the Internal Revenue Service on how same-sex married couples should make federal tax calculations.
It’s crunch time to file your taxes. This Monday is April 15 — Tax Day. The Internal Revenue Service says 97 million American taxpayers had already submitted their tax forms by the first of the month.
Experts recommend using some type of guidance to navigate forms and maximize your returns.
The IRS expects 75 percent of all 2012 returns will get a refund, so if you haven’t started preparing your taxes yet, do it.
A federal lawsuit filed by a Wisconsin-based group representing atheists and agnostics argues that the Internal Revenue Service is violating the U.S. Constitution by allowing tax-exempt churches and religious organizations to get involved in political campaigns.
A Shakopee businessman has been sentenced Monday for failing to pay federal income taxes withheld from workers.
Two weeks from today, those tax returns are due. If you’ve waited to file, you’re not alone.
The Labor Department is signing agreements to share information with nine states and the Internal Revenue Service as it gets more aggressive in its program to crack down on businesses that cheat workers out of their hard-earned wages.
A La Crosse man is charged with threatening to blow up a federal office.
Jeffrey John Wirth, his ex-wife Holly Claire Damiani and Michael James Murry were charged with one count of conspiracy to defraud the U.S.
The FBI has executed a search warrant at the offices of St. Paul developer Jerry Trooien’s company.
A new agreement aims to stop federal prisoners from collecting bogus tax refunds in their cells.
If you’ve moved since you last filed your taxes, or changed your name, the IRS may have a check with your name on it.