Click Free Pest Control Quote
to fill in a form to obtain a free pest control quote today.
Raleigh, N.C. Millions of people depend on their tax refund checks for everything from paying household bills to taking a vacation, but the federal government is putting a hold on some refunds this year in an effort to fight tax fraud.
The Internal Revenue Service is delaying tax refunds for more than 40 million low-income families who claim the Earned Income Tax Credit and the Additional Child Tax Credit. These tax breaks are geared to benefit the working poor, and many families claim both.
The tax filing season starts Jan. 23, but a new law requires the IRS to delay tax refunds for people claiming those two credits until Feb. 15 so the agency has more time to screen the returns. Early tax refunds often go out before they can be verified.
The IRS reports $15.6 billion in improper tax refunds in 2015 alone, and the two tax credits have long been known as targets for fraud.
Rocky Mount businessman Larry Hill, who billed himself as “The People’s Champ,” for example, made millions manipulating the Earned Income Tax Credit for filers by falsely reporting interest income, withholdings and dependents.
WRAL Investigates also reported on a Charlotte-based ring that used fake documents and tax IDs to obtain millions of dollars in bogus refunds, many of which were delivered long before the government could verify names or employers.
“They want to hand out these refunds so fast. Stop and investigate before you hand it out,” Nancy Dawkins, a local CPA, said in 2012.
In addition to slowing refunds, the IRS will do more to share and compare taxpayer data with states and tax preparers. A new verification code will accompany millions of W2 forms.
Alexandra Sirota, director of the left-leaning North Carolina Budget and Tax Center, said that, although she supports efforts to reduce fraud and improper refund payments, the delays will hurt legitimate tax filers who count on their refunds.
“This is a huge impact on household budgets,” Sirota said. “It’s really the chance one chance in a year for low-income working families to catch up on bills, to make payments on things they need for their household, fixing the car, replacing a broken washer and dryer.”
Tax fraud prevention efforts are working for the IRS. Last year, new verification requirements helped reduce identity fraud cases by 50 percent.
Sirota said she worries many low-income tax filers will turn to costly bridge loans because of the refund delays.
Read the rest here:
Slowing tax refunds aimed at cutting fraud :: WRAL.com
- Arizona Forum - Relocation, Moving, General and Local City ... - October 6th, 2018
- Black Widow Termite and Pest Control in Manhattan New York - September 4th, 2018
- Phone Losers of America home of The Snow Plow Show wacky ... - August 5th, 2018
- OnCap Anti-Rodent & Anti-Termite Technology | PolyOne - August 5th, 2018
- Apitherapy - Wikipedia - July 23rd, 2018
- Dont Confuse Bed Bugs with These Misdiagnosed Conditions - July 13th, 2018
- Facts About Termites - Where do the different species live? - May 23rd, 2018
- Termite Damage Claims Lawyer Mobile | Small Business ... - May 22nd, 2018
- Fake companies, fake workers: State battling new type of ... - May 18th, 2018
- Accused ISIS recruiter pleads guilty to fraud, tax charges ... - May 10th, 2018
- Reasons to Cancel a Pest Control Agreement | Legalbeagle.com - April 27th, 2018
- Planet Orange - 22 Photos & 493 Reviews - Pest Control ... - April 6th, 2018
- Sellers Disclosure of Property Condition - HouseDefects.com - April 5th, 2018
- News & Updates - Standards Australia - March 15th, 2018
- Duty to Disclose for Sellers in Florida Residential Real ... - March 7th, 2018
- Termite Building Code / Pest Control / Business Services ... - December 25th, 2017
- Green Explored: Bloom Energy Ecofraud in Delaware This Year - December 21st, 2017
- Pest Control Pest Management and Termite Inspection ... - December 16th, 2017
- Conehead Termite Program / Termites / Protect Your Home ... - November 26th, 2017
- Metrobank says arrest made after P900-M fraud report | ABS ... - October 22nd, 2017
- UPDATE: Refund for Cash Plus investors will definitely ... - October 1st, 2017
- Financial Review: ServiceMaster Global Holdings (SERV) vs. Lifelock (LOCK) - TrueBlueTribune - September 2nd, 2017
- Fight to fund Honolulu's rail continues Monday at a special legislative session - KITV Honolulu - August 31st, 2017
- Lifelock (LOCK) vs. ServiceMaster Global Holdings (SERV) Head to Head Review - Week Herald - August 31st, 2017
- Comparing ServiceMaster Global Holdings (SERV) and Lifelock (LOCK) - StockNewsTimes - August 27th, 2017
- Fraud Headlines | Association of Certified Fraud Examiners - August 13th, 2017
- Short-term thinking keeps Australia stuck in crisis - Business Insider Australia - August 7th, 2017
- Florida man caught with his crime to-do list - KNSS - August 1st, 2017
- Daily Technical Summary Reports on Business Services Stocks -- Ritchie Bros. Auctioneers, Rollins, Cardtronics, and ... - SYS-CON Media (press... - July 11th, 2017
- Life after Croman - The Real Deal Magazine - July 4th, 2017
- IRS summertime tax tip 2017-01: Tips to know for deducting losse ... - WKOW - July 4th, 2017
- What is Termite Fraud in Alabama? - Real Estate Legal ... - June 29th, 2017
- Pest Control and Termite Inspection Insurance | Wallace ... - June 11th, 2017
- We name stink da road the Banes/Nanes debacle - Breaking Belize News (blog) - June 6th, 2017
- VIAGRA GENERIC 100MG - cialis best price - State Column - May 11th, 2017
- Tim Moss Answers Your Home Remodeling & Repair Questions - WBT - May 9th, 2017
- Owner of Oklahoma tornado shelter company charged with embezzlement - KOKH FOX25 - May 5th, 2017
- NJ Statutes of Limitation for Breach of Contract and Fraud - April 10th, 2017
- Charlotte Termite Companies, Best Termite Protection ... - April 6th, 2017
- Learn About Costa Rica's Largest Eco Developer: Kalia Living - The Costa Rica Star - March 24th, 2017
- Marcos loyalists ask House to endorse impeachment rap vs. Robredo - CNN Philippines - March 22nd, 2017
- A campaign to unseat - The Manila Times - March 13th, 2017
- Professor Miller and the Bottomless Pit of Academia - Conatus News - March 12th, 2017
- MOLLY'S COLUMN | Valley Roadrunner - Valley Roadrunner - March 9th, 2017
- The Home Improvement Show 10am, Paul LaGrange - WWL First News - March 1st, 2017
- DeMarcus Cousins brings out the fighting side of Holley and Keefe (Round Two!) - WEEI.com - February 22nd, 2017
- Mexican Woman Sentenced To Eight Years in Jail for Voting in Texas Illegally - Houston Press - February 11th, 2017
- Termite Help / Consumer Resources / Agricultural ... - January 29th, 2017
- New Jersey Home Inspection - About the House is a home ... - December 12th, 2016
- Terminix Termite Insurance is a Scam Review 198598 Mar 08 ... - September 7th, 2016
- Patio Covers Orange County|Dry Rot|Repair|Termite Damage ... - June 19th, 2016
- Be Careful Of Termite Inspection Fraud - Streetdirectory.com - June 13th, 2016
- Turfco Termite & Pest Control in Cordova, TN | Citysearch - May 9th, 2016
- Termite Damage | FRP Legal - May 9th, 2016
- Formosan Termites : snopes.com - May 9th, 2016
- Cost of Termite Damage RepairCost of Termite Damage Repair - May 9th, 2016
- Termite inspection scam? - Arizona Real Estate Notebook - May 9th, 2016
- What is "silent fraud"? | Rottenstein Law Group LLP - May 9th, 2016
- Pre Construction Termite Treatment - May 9th, 2016
- Pictures of Termites - DIY Homeowner Guide to Termite Control - May 9th, 2016
- Home Buying: How much does it cost to treat a termite ... - May 9th, 2016
- Termite Warranty? I purchased a new home in may 2009 with ... - May 9th, 2016
- Pest Control Scam in Orange County from Termite Terry Pest ... - May 9th, 2016
- building a termite proof home - Real Estate Fraud Attorney - October 21st, 2015
- Seller or Realtor Fraud and Construction Defects - October 21st, 2015
- Is it required by law that there is to be a termite ... - October 16th, 2015
- Laws Regarding Termite Inspections in Tennessee | eHow - October 5th, 2015
- Termite Treatment Cost - September 26th, 2015
- Termidor Termite Treatment vs. Sentricon | Termite ... - September 26th, 2015
- Ecola Termite & Pest Control Services - Florence-Firestone ... - September 25th, 2015
- Ants vs Termites - Help Telling them Apart - August 22nd, 2015
- Pest Control Jobs on CareerBuilder.com - August 19th, 2015
- Termite Identification - July 17th, 2015
- Don't Ignore Termite Swarms Outside Your Home | Angies List - July 5th, 2015
- Termite season begins now | Insects in the City - July 1st, 2015
- Terminix Pest Control: Tips From a Former Manager Review ... - July 1st, 2015
- Termite Fraud Company Practices - June 4th, 2015
- Don't get Stung by these Pest Control Scams | Angies List - June 1st, 2015
- Termite Control: Sentricon vs. Termidor - May 25th, 2015
- Do-It-Yourself Termite Baits: Do They Work? | University ... - May 25th, 2015
Click Free Exterminator Quote
to fill in a form to obtain a free exterminator quote today.