Internal Revenue Service

Want to Get Audited? Apply for Homebuyer Credit

Here's a good way to get audited by the Internal Revenue Service this year: claim the new homebuyer tax credit. About a fifth of all IRS examinations done by mail in the past six months were for people claiming the credit, National Taxpayer Advocate Nina E. Olson told a congressional committee Thursday -- the filing deadline for individual tax returns.

IRS Has $1.3 Billion in Unclaimed Money

As April 15 creeps closer, many taxpayers are focusing on refunds. While those taxpayers rush to file their returns on or before Tax Day, the tax deadline takes on a whole other meaning for others. April 15 is not only Tax Day for the 2009 tax year -- it's the last day to claim a refund for the 2006 tax year.

New IRS policy offers relief to taxpayers who can't pay their bills

As April 15 approaches, the IRS is giving agents more flexibility to work with taxpayers who've seen their incomes plunge and are having trouble paying their tax bill. The agency will loosen its rules for negotiating tax settlements, IRS Commissioner Doug Shulman said Tuesday.

Ohio man bulldozes $350K home to avoid foreclosure

Ohio – An Ohio man says he bulldozed his $350,000 home to keep a bank from foreclosing on it. Terry Hoskins says he has struggled with the RiverHills Bank over his home in Moscow for years and had problems with the Internal Revenue Service. He says the IRS placed liens on his carpet store and commercial property and the bank claimed his house as collateral.

Comedian/actor owes over $8 million in taxes!

*Wow, is Sinbad in really deep doo-doo with the IRS. According to the Detroit News, the Michigan native, owes more than $8.15 million in delinquent federal taxes and the U.S. Attorney General's office wants his house sold to help satisfy the debt, according to federal court records. On Dec. 10, an assistant U.S. attorney asked a federal judge to foreclose on several tax liens and determine whether the 53-year-old comedian is the true owner of a $1.5 million home in Hidden Hills, Calif.