As a result of the late-breaking tax legislation signed into law at the end of December, the IRS has announced that taxpayers who itemize deductions and those claiming the Higher Education Tuition and Fees deduction or the Educator Expense Deduction will need to wait to file their 2010 tax return until at least mid-February.
The Internal Revenue Service says it has $164.6 million in undelivered refund checks that belong to about 111,893 taxpayers. Most of that unclaimed money is sitting at the IRS due to mailing address errors.
As tax season progresses, tax scams are in full throttle. You have to be aware and watch out for these scams and protect yourself. The best defense you have is be informed and prepared. Take heed of these tax scams!