IRS

It’s Tax Day! Don’t Forget to File

Posted on 04/15/2014 by | Senior Editor, Money Team | Comments

Money & SavingsIf you’re rushing to get your taxes done before today’s midnight deadline, take some comfort that you’re not alone. The Internal Revenue Service expects to receive about 35 million returns in the last week or so before the filing deadline. At this point, the time for most moves to lessen your tax bite is long over, although even on this deadline day you may have one more opportunity. It’s still possible to make a 2013 contribution to a deductible individual retirement …

Fear Is Back! Jury Duty, Other Intimidation Scams Return

Posted on 04/11/2014 by | AARP Blog Author | Comments

Bulletin Today | Money & SavingsAs the forecast faithful can verify, March certainly came in like a lion. But out like a lamb? Scammers continue to be anything but sheepish in trying to steal your money and identity. Witness the recent return of the jury duty scam. That’s when fraudsters, posing as courthouse officials or police, telephone with claims you missed jury duty. Because of that, they threaten, you’re going to be arrested unless a fine is immediately paid — sometimes requested by credit card, but usually a …

Same-Sex Couples Still Waiting for Equal Treatment

Posted on 04/8/2014 by | Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsThe U.S. Supreme Court ruled the law that prevented same-sex spouses from enjoying federal benefits was unconstitutional nearly a year ago, yet the financial repercussions for these couples are still being worked through. Federal agencies have been updating their regulations to comply, and some have moved faster than others. And even among agencies that have acted, how they handle same-sex marriage differs. The IRS, for instance, says same-sex spouses now must file federal returns as joint filers or as married …

New IRS Message to Taxpayers: We’ve Got Your Back

Posted on 04/4/2014 by | AARP Blog Author | Comments

Bulletin Today | Money & SavingsThe recently installed head of the Internal Revenue Service, John Koskinen, dropped in on members of the media the other day at the National Press Club in Washington. His message: The tax collection agency is out to restore public trust amid accusations the IRS acted inappropriately in reviewing tax-exempt status for certain public welfare groups, known as 501(c)(4) organizations. “Taxpayers need to be confident that the IRS will treat them fairly. It doesn’t make any difference who they are, what …

Health Law Sign-Ups on Track to Hit 7 Million

Posted on 04/1/2014 by | General News | Comments

Bulletin Today | Personal HealthBy Josh Lederman and Ricardo Zaldivar, Associated Press WASHINGTON (AP) — Beating expectations, President Barack Obama’s health care overhaul was on track to sign up more than 7 million Americans for health insurance on deadline day, Monday, government officials told the Associated Press. The 7 million target, thought to be out of reach by most experts, was in sight on a day that saw surging consumer interest as well as vexing computer glitches that slowed sign-ups on the HealthCare.gov website. …

IRS Watchdog: Impostor Phone Scam Largest Ever

Posted on 03/21/2014 by | AARP Blog Author | Comments

Bulletin Today | Money & SavingsFrom its infancy several months ago, this was no typical telephone scam “phishing” for personal information. These crooks, posing as IRS agents, already had some of it — including the last four digits of the Social Security number of those whom they called. And perhaps that explains, at least in part, why it’s since grown to become the “the largest scam of its kind we have ever seen,” the IRS inspector general said Thursday. At least 20,000 taxpayers have been contacted …