There are still unanswered questions about the politically active 501(c)(4) "social welfare" groups. The anonymously funded entities' multimillion-dollar ad budgets helped to clog the airwaves last year.
How much did they really spend to intervene in the 2012 campaign? What kinds of sources supplied their money? What ties do they maintain with other nonprofit organizations or for-profit companies?
The IRS is now trying to address some of the unknowns by asking organizations to fill out a questionnaire about their finances.
Wednesday’s Amendment 64 Task Force Report is heavy reading. The 166-page study takes a comprehensive look at everything from home cultivation and processing of marijuana to THC potency limits on infused products.
If you usually wait until April to file your taxes, you might want to hurry up — before identity thieves beat you to it. Using stolen names and Social Security numbers, these criminals file fake tax returns with false wage and withholding information. This generates big — and fraudulent — refunds, before the real taxpayer gets around to filing.
The Internal Revenue Service says it's busy working to combat what prosecutors call a fraud epidemic.
Most taxpayers don't have any idea something is wrong until they hit the send button on their taxes and get an error message.