Why You May Wait Longer For Your Tax Refund This Year
Washington — In less than two weeks, taxpayers will be able to file their tax returns. But many taxpayers will have to wait longer to cash out their tax refunds thanks to new efforts from the IRS and state tax authorities to catch tax fraud. Last week, Illinois became the first state to announce that it will delay tax refunds to have more time to verify tax returns. State tax refunds won’t be issued until after March 1, the state’s...
Money Talk: Mailed Tax Returns Need Tracking Number
Question: My CPA sent my completed tax return to my home address via first-class mail with no tracking number. The large envelope should have arrived in two days. Over a week has passed and it’s nowhere in sight. I am freaking out as it has all my financial data and is a gateway to fraud of every sort! The various post office officials have really done nothing to assist in its location. I have credit freezes at all three bureaus and...
How the New Chip Cards Work
You might have already noticed the minor change at the register. Instead of swiping credit cards and debit cards, more retailers are asking consumers to dip them into new card readers that are supposed to be more secure. The technology uses cards with chips embedded in them, and is supposed to cut down dramatically on incidents of thieves stealing card information and making fake copies. Businesses have been installing the new readers...
Intuit Sued Over TurboTax Security
Two victims of identity theft have sued Intuit, the maker of TurboTax, claiming that poor security measures contributed to a possible spike in tax fraud this year. In the lawsuit, which was filed Monday in the Northern District Court of California, the two taxpayers accused the company of not taking enough steps to protect customers’ data or to stop criminals from using that information to file fraudulent tax returns and steal tax...
