What Is Earned Income Tax Credit (EITC)?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.
Small Business Tax Tips: Are You Filing The Correct Forms?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.
Darryl Strawberry's Contract Fetches $1.3M At Tax AuctionThe deferred compensation agreement included in Darryl Strawberry's 1985-90 contact with the New York Mets has been auctioned for $1.3 million by the Internal Revenue Service.
IRS To Auction Darryl Strawberry's Deferred Compensation AgreementThe IRS said in a statement Monday the agreement is worth about $1,279,000. The minimum bid is $550,000 in the auction, which is scheduled for Jan. 20 at the IRS office in Fairview Heights, Illinois.
Nassau Officials Urge Vigilance In Response To IRS Phone ScamNassau County Police said several residents have received phone calls from persons claiming to be from the IRS who say they or a family member owe money for unpaid taxes.
Republicans Blast IRS Over Lost Emails Allegedly Targeting Tea Party, OthersContentious hearings on lost Internal Revenue Service emails got back underway in Washington on Tuesday. There was plenty of heated back and forth.
NYC Post Office Open Until Midnight For Last-Minute Tax FilersSuper procrastinators can even get the coveted April 15 postmark after midnight as long as they're in line before the witching hour.
Gay Couples Celebrate Joint Filings On Eve Of Tax Deadline When the Supreme Court struck down the Defense of Marriage Act last summer, it paved the way for gay couples to filed their taxes as married.
Seen At 11: Scammers Look To Take Advantage Of Taxpayers By Posing As IRS AgentsScammers are calling people, posing as IRS agents and claiming they are under investigation, trying to scare them into sending money either by pre-paid debit card or wire transfer.
Cuomo Warns Of Tax Collection ScamGov. Andrew Cuomo said the scammers claim they are from the IRS or the state tax department and threaten people with fines, deportation or arrest if they fail to pay up.
Brooklyn Woman Fights To Keep Fort Greene BrownstoneThe Internal Revenue Service is threatening to take her home, claiming Judith O'Csay owes $250,000 in back taxes.
Fact Check Friday: Is The IRS's Lois Lerner A Liar?"I have not done anything wrong," she said in her opening statement before invoking her 5th Amendment right against self-incrimination.