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Tag Archives: internal revenue service

Convicted Tax Cheat Gets $104 Million From IRS

An ex-banker and convicted tax cheat who told the IRS how his employer, UBS, helped thousands of wealthy clients duck U.S. taxes has just been awarded $104 million by the U.S. government, a sum his lawyers say is the largest payout ever for a whistleblower. Bradley Birkenfeld, who was released from federal prison six weeks ago, pleaded guilty in 2008 ... Read More »

Facebook Co-Founder Drops U.S. Citizenship

Facebook made Billionaire co-founder, Eduardo Saverin, has dropped his U.S. Citizenship. The reason seems to be taxes. He will be making a lot of money when Facebook goes public later this month and the only way to reap the fruits of his effort is say goodbye to being American. If you have been following the news, Eduardo Saverin isn’t the ... Read More »

Claim Earned Income Tax Credit

The Internal Revenue Service on Monday launched its annual outreach campaign aimed at helping the millions of Americans who earned $49,078 or less take advantage of the Earned Income Tax Credit. The agency also is spreading the word about free preparation assistance. Although an estimated four out of five eligible workers and families are eligible for the EITC, one in ... Read More »

Notice Of Unreported Income Email

It seems that many of you might have received an email from IRS giving notice of unreported/underreported income. BEWARE! It is a phishing SCAM! Don’t respond to it or better don’t even open it. Just delete it. The fake email notice from the IRS about unreported income pretends to be a legitimate IRS Notice called a CP2000. However, this one ... Read More »