Tax time is drawing to a close in fact you have until Monday to file your taxes. However, if you cheat a little bit on your taxes or cheat big on your taxes, be prepared because the IRS is using more than just your tax return to check up on you.
Looks like crooner Dionne Warwick won't be able to 'Walk on By' the IRS. The songstress has filed for bankruptcy, claiming she has $25,000 in assets but owes $10.2 million to Uncle Sam.
You'd think Miss Cleo would've warned her about this.
It takes at least a few days, sometimes longer, to receive your refund after you've filed your taxes with the IRS. Some people, though, just can't seem to wait. This almost certainly is a bad decision.
It is tax season, which means folks all over the U.S. are getting back a part of their hard earned money, or they are cussing because they have to pay. Either way it all has to be done by April 15th, which falls on a Monday this year.
Last week, the Internal Revenue Service announced that it had targeted about 400 identity thieves across the country. The thieves were using stolen Social Security numbers to file false tax returns and then claim the refunds.
Regardless of the American economy’s checkered enthusiasm, it appears as if consumers are currently aboard the fast track to higher taxes and rising prices on things like health care and grocery items scheduled to come around at the turn of the new year.