Victims of identity theft face “unconscionable” delays at the Internal Revenue Service, a dynamic causing headaches and financial hardship for many Americans that comes amid steep staffing cuts at the federal agency, according to a report to Congress published Wednesday by the National Taxpayer Advocate, an internal IRS watchdog. More than 500,000 victims of tax-related identity theft are currently…
The Supreme Court declined to hear Murrin v. Commissioner, leaving a Third Circuit ruling in place that significantly expands when the IRS can go back and assess unpaid taxes—even decades after a return was filed—when the person who prepared the return committed fraud. That’s the case, according to the Third Circuit, even if the taxpayer didn’t know…
The IRS has released the 2027 contribution limits for health savings accounts, or HSAs, which offer triple-tax benefits for investors. Starting in 2027, the new HSA contribution limit will be $4,500 for self-only plans, up from $4,400 in 2026, based on the latest inflation adjustments. The HSA limit for family coverage will also rise in 2027. That cap will jump to $9,000,…
South Florida teacher Michelle Del Buono says she spent years saving for retirement. Now, she’s fighting to recover more than $133,000 that she says the Internal Revenue Service improperly seized from her investment account. “It’s like a big weight on my shoulders that can’t seem to break off,” Del Buono told CBS News Miami. Del Buono said her…
The impact of a federal court’s ruling over the weekend that vacated IRS guidance for wind and solar tax credits is likely limited as developers push toward a fast-approaching July 4 deadline to get projects under construction. “Practically speaking, I don’t think this is likely to have much impact on the market or behavior in the coming…
Georgia’s two U.S. senators and a metro Atlanta congressman are calling on federal officials to allow employees at an Internal Revenue Service campus in Chamblee to work remotely while the agency addresses what they describe as an ongoing rat and cockroach infestation. In a letter sent to Treasury Secretary Scott Bessent and IRS Chief Executive…
Fraud schemes keep getting more sophisticated, and criminals are keeping seniors in their sights. But a special agent in charge at the IRS tells KDKA people can take action to protect themselves, their information and their money. In the case of a Mount Lebanon woman who was scammed, it all started on her laptop with…
A former Internal Revenue Service employee says a reported rat infestation inside the agency’s Chamblee office became so severe that she decided to quit her job. According to Sydney Monger, the situation is at the Chamblee Tucker Road location. She claims rats began appearing throughout the building last month, prompting concerns about health and safety…
A Sewell man admitted in federal court to evading income taxes, failing to pay payroll taxes and fraudulently obtaining pandemic relief funds intended for struggling small businesses, according to U.S. Attorney Robert Frazer. Zackary Sulpizi, 30, pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court to income tax evasion, failing to…
SAINT PAUL, Minn. — A $2.6 million mansion on Cynthia Lake in Scott County was paid for in 2022, according to court documents, with taxpayer money by a 37-year-old man who legally changed his name to Caesar Wilson. According to the indictment charging Wilson with attempting to defraud the IRS and multiple banks out of…
