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  2. Scam Alert: IRS Warns of Scammers Asking for Gift Cards for ...

    www.aol.com/finance/scam-alert-irs-warns...

    If you owed back taxes, you would first receive a letter, or a CP501 notice, from the IRS explaining the balance, including penalties and interest. Upon receiving this letter, you may be able to ...

  3. Redemption movement - Wikipedia

    en.wikipedia.org/wiki/Redemption_movement

    The IRS has announced that attributing tax liability to a "strawman" is a frivolous position [42] that can result in a $5,000 administrative penalty. [43] It included the Form 1099-OID variation of the redemption scheme in its "Dirty Dozen" list of prominent tax scams every year from 2009 to 2019.

  4. IRS: Watch out for tax refund schemes that could land you in ...

    www.aol.com/finance/irs-watch-tax-refund-schemes...

    “The biggest problem facing the IRS is matching W-2 information submitted with a personal tax return with data submitted by employers, which is sent directly to the Social Security ...

  5. Tax refund - Wikipedia

    en.wikipedia.org/wiki/Tax_refund

    In India, there is a provision of refund of excess tax along with interest. For claiming a refund one has to file the income tax return within a specified period. However, under Sections 237 and 119(2)(b) of the Income Tax Act, the Chief Commissioner or Commissioner of Income Tax are empowered to condone a delay in the claim of a refund. [15]

  6. Tax-free shopping - Wikipedia

    en.wikipedia.org/wiki/Tax-free_shopping

    A tax-free shopping retailer. Tax-free shopping (TFS) is the buying of goods in another country or state and obtaining a refund of the sales tax which has been collected by the retailer on those goods. [1] The sales tax may be variously described as a sales tax, goods and services tax (GST), value added tax (VAT), or consumption tax.

  7. Scam Alert: IRS Warns of Scammers Asking for Gift Cards for ...

    www.aol.com/scam-alert-irs-warns-scammers...

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  8. IRS Says There Are Unclaimed Tax Refunds Totaling $1 ... - AOL

    www.aol.com/irs-says-1-5-billion-145106610.html

    Current and prior year tax forms (such as the tax year 2020 Forms 1040 and 1040-SR) and instructions are available on the Forms, Instructions & Publications page or by calling toll-free 1-800-TAX ...

  9. Gift tax - Wikipedia

    en.wikipedia.org/wiki/Gift_tax

    In economics, a gift tax is the tax on money or property that one living person or corporate entity gives to another. [1] A gift tax is a type of transfer tax that is imposed when someone gives something of value to someone else. The transfer must be gratuitous or the receiving party must pay a lesser amount than the item's full value to be ...