Internal Revenue Service

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cryptocurrency IRS

Business & Lifestyle

CONFIRMED: IRS trains staff on finding cryptocurrency wallets

WASHINGTON (CoinDesk) -- The U.S. Internal Revenue Service (IRS) may consider subpoenaing major tech companies like Apple, Google and Microsoft in search of taxpayers’ unreported cryptocurrency holdings. That’s according to a slide deck presentation from an IRS cyber training session, which details a number of ways the agency’s criminal investigators might find potential crypto tax cheats. “Issuance of a grand jury subpoena should be considered for Apple, Google and Microsoft for the subject’s complete application download history,” says the slide […]

todayJuly 13, 2019 28

Social Security card

Business & Lifestyle

Social Security Administration imposters top IRS in consumer loss reports

Have you received calls about supposed problems with your Social Security number from callers pretending they’re with the Social Security Administration (SSA)? If so, you’re not alone. Our latest Data Spotlight finds that reports about SSA imposters are surging, while reports about IRS imposters have taken a dive. As the Spotlight puts it, “In the shady world of government imposters, the SSA scam may be the new IRS scam.” While reports of SSA imposters have swelled – nearly half of […]

todayMay 19, 2019 16

Henry Bloch H&R Block

Business & Lifestyle

H&R Block co-founder Henry Bloch dies at 96

KANSAS CITY (UPI) -- H&R Block co-founder Henry Wollman Bloch died at the age of 96 on Tuesday, the company announced. The tax services provider did not disclose the cause of Bloch's death, but stated that he died peacefully surrounded by his family. "Through his honesty and integrity, Henry embodied the best of American business, entrepreneurship and philanthropy. In so many ways, he was ahead of his time and a model for today's entrepreneur," H&R Block President and CEO Jeff […]

todayApril 23, 2019 6

Illinois tax returns

Financial News

Illinois to start accepting tax returns Monday

SPRINGFIELD (Illinois News Network) -- The state of Illinois says it'll start processing tax returns on Monday, but it will be a while before you get your refund. If you file your Illinois taxes online, have your money deposited directly into your bank account and have an error-free tax return, you could see your refund in about a month. The Illinois Department of Revenue said it will start accepting tax returns Monday. The same day that the Internal Revenue Service will […]

todayJanuary 27, 2019 16

Business & Lifestyle

Christian County Sheriff issues advisory regarding IRS scams

TAYLORVILLE (Heartland Newsfeed) -- The Christian County Sheriff’s Department has received several complaints from citizens reporting they have received phone calls from people claiming to be the Internal Revenue Service (IRS). The caller will ask for personal information such as social security numbers or bank account numbers. The caller may also demand payment via prepaid credit cards or even iTunes cards. The callers may even disguise the phone number they are calling from to make it show up on caller […]

todayMay 22, 2018 14

Business & Lifestyle

Coinbase hit with two class-action lawsuits, one claiming insider trading

SAN FRANCISCO (Heartland Newsfeed) -- The popular cryptocurrency exchange Coinbase will be facing two new class-action lawsuits in Federal court, one of which accuses the exchange of insider trading. The first suit, filed Thursday, claims that Coinbase employees unfairly profited from the December listing of Bitcoin Cash (BCH), citing that the August spinoff from Bitcoin (BTC) and December 19 trading launch resulted in the price skyrocketing to nearly $1,000. Additionally cited that while this news was a surprise to everyone, […]

todayMarch 6, 2018 13

Business & Lifestyle

Blackburn business students to assist with filing tax returns

CARLINVILLE (Heartland Newsfeed) -- The business department at Blackburn College will be offering IRS tax law-certified volunteers to assist low-to-moderate income taxpayers seeking help filing their taxes or are unable to electronically file their returns due to lack of computer or Internet access. Beginning Tuesday, Feb. 20 through April 13, Blackburn business students who are certified under the Internal Revenue Service's Facilitated Self Assistance (FSA) program will offer filing assistance for individuals choosing to electronically file their tax returns. These […]

todayFebruary 18, 2018 11

Business & Lifestyle

Filing season for Illinois state tax returns begins next week

SPRINGFIELD (Heartland Newsfeed) -- The Illinois Department of Revenue (IDoR) will start accepting state individual income tax returns for the 2017 tax year beginning next Monday, January 29, the same day the Internal Revenue Service (IRS) accepts Federal income tax returns. IDoR is reminding taxpayers to file returns electronically and request direct deposit, as it's still the fastest and most secure way to receive a refund, as they continue to focus on protecting taxpayers and the state government against fraud. […]

todayJanuary 22, 2018 4

Commentary

BERG: It’s the 199th birthday of Illinois! Hey, wait … come back

(Illinois News Network) -- Illinois celebrated its 199th birthday Dec. 3. The eventual Land of Lincoln first became a state in 1818. Back then, nearly all of Illinois’ fertile prairie was left unsettled. But it seems like Springfield is doing its best to return to that remote state, according to new data from the Internal Revenue Service. The IRS data dump Nov. 30 was a crummy birthday gift. But it underscored the biggest policy problem with which state lawmakers must […]

todayDecember 7, 2017 9

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