States Fight Surge In Fake Tax Filings From Identity ThievesStates are becoming more forthright, telling taxpayers they'll have to be patient and allow time for verification before refunds are sent.
'American Guns' Reality Show Star Indicted For Allegedly Selling Firearms IllegallyThe owner of the Gunsmoke gun shop who appeared on the reality show "American Guns" has been arrested and indicted by a grand jury for dealing firearms without a license and tax-related charges.
Colorado Revenue: Taxpayers Need To Be Patient On ReturnsColorado officials are carefully reviewing tax returns after seeing an increase in fraud, meaning taxpayers might have to wait longer than usual for refunds, a spokeswoman said Wednesday.
IRS Scam Targeting Vulnerable Segment Of The CommunityThe IRS scam netted $14 million dollars since 2013 making it one of the most proliferated scams to date. Now law enforcement says that the scammers are targeting a particularly vulnerable segment of the community.
ID Theft, Fraud Ring Busted, AG Says Nearly $1 Million StolenA major identity theft and fraud ring has been busted after stealing nearly $1 million. The Colorado Attorney General's Office says the elaborate scam set up phony businesses and then created employees for the businesses who filed for unemployment benefits.
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.
Turbo Tax Stops Processing State Tax ReturnsTurbo Tax has stopped processing Colorado tax returns because of fraudulent filings.
Colorado AG Combating Scam Artists With Anti-Fraud SiteThe first clue it was a scam was the caller's sense of humor. "We know government has no sense of humor," Tom Logan said.
Marijuana Shop Sues Over IRS Cash PenaltyA marijuana business in Colorado has filed a lawsuit against the Internal Revenue Service for assessing a penalty for paying taxes in cash.
State To Auction Off Property Seized In Marijuana RaidsThe city of Denver had earlier seized the properties and their contents from marijuana businesses that were raided by federal agents in late April. Now the state has taken over control.
Arrests Made In Connection With Colorado Pot RaidsA Denver attorney linked to medical marijuana businesses raided by federal agents last year was among several people arrested Friday as part of the ongoing investigation.