What Is Earned Income Tax Credit (EITC)?Geared primarily towards low-to-middle income, working individuals and families, the Earned Income Tax Credit (EITC) is a federal benefit able to provide relief to those who meet specific criteria, by reducing the amount of tax owed and by increasing the amount of tax monies refunded, as determined after filing. Both single and married people can benefit from EITC, regardless of whether or not they have children or other dependents.
Small Business Tax Tips: Are You Filing The Correct Forms?It’s easy to make a mistake on your taxes, especially if you are a new business owner or running a small business. Before you file, dot your i’s and cross your t’s by making sure to use the correct tax forms.
Ex-Bell City Manager Robert Rizzo To Plead Guilty To Filing False Federal Tax ReturnRobert Rizzo, the former city administrator of the city of Bell, will plead guilty to federal income tax charges and faces a sentence of eight years in federal prison, according to a plea agreement filed Thursday in United States District Court.
Plenty Of Changes For Tax Filers This YearExperts recommend using some type of guidance to navigate forms and maximize your returns.
As The Tax Man Cometh, Tips For Getting ReadyThe IRS expects 75 percent of all 2012 returns will get a refund, so if you haven't started preparing your taxes yet, do it.
2 Men Sentenced To Federal Prison For Fraud Scheme, Tax EvasionTwo San Fernando Valley men were sentenced to federal prison time for swindling investors, including friends, associates and members of one of the men’s church.
Glendale Clerk Accused Of Failing To Declare Income From Office Supply SchemeA Glendale office clerk faces federal charges of ordering more than $159,000 in office supplies, selling those items for cash and failing to declare the income to the Internal Revenue Service.
IRS Delays Income Tax Filing Deadline To April 17Millions of Southland residents are already worried about filing federal income taxes, but we’ll all have more time this year.
IRS Agent Gets 3 Years For Cheating On His TaxesA California-based Internal Revenue Service agent has been sentenced to three years in prison for cheating on his taxes and must repay $127,000 to the IRS.