Health Law Sign-Ups on Track to Hit 7 Million

By 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

From 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 …

IRS Owes You $760 Million in Refunds

No, it’s not opposite day. The IRS really does owe almost 1 million taxpayers like you nearly $760 million in refunds - or a median $571 for about half of those owed money. The IRS says the refunds are owed to people who didn’t file a federal income tax return for 2010. But here’s the catch: To collect the money, you’ve got to file a 2010 return with the IRS no later than Tuesday, April 15. “We encourage students, part-time workers …

IRS: Someone Will Be With You … Sometime Today

Hello, IRS? Is anyone there? That’s what you might be asking if you call the IRS with questions about your 2013 tax return. The agency says today starts one of the busiest weeks of the tax filing season for the IRS phone lines. So make yourself comfortable and settle in. You’re likely to be on hold longer than the 17.6 minutes customers waited last year to speak with someone. You think that’s bad? Some 20 million people, or 39 percent …

Need Help From the IRS? Don’t Hold Your Breath

Have tax questions or problems? You probably shouldn’t expect much in the way of help from the IRS these days, according to the latest report from the Taxpayer Advocate Service, an independent organization within the agency. Some of the major findings: The IRS no longer helps elderly, disabled and low-income taxpayers prepare their annual returns. Ten years ago it prepared 476,000 such returns. Only 61 percent of calls to the IRS from taxpayers wanting to speak to someone were answered, …

Early Tax Filers Will Have to Wait for Refunds

Early 2013 tax filers expecting a refund will have to wait a bit next year. The IRS says it’s starting the 2014 tax season 10 days later than usual, on Jan. 31, as a consequence of the federal government shutdown in October. The 16-day closure curtailed most government operations and delayed the IRS from updating its processing systems for the new tax season. “The late January opening gives us enough time to get things right with our programming, testing and systems …