Is your phone ringing off the hook with numbers you don’t recognize? Those might be spam calls fishing for personal or financial information: they might even be IRS impersonators. Identity theft is a growing problem these days for taxpayers. The more you know, the more can protect yourself.
Read MoreYear: 2014
NFL Flagged With Another Challenge To Tax-Exempt Status Because Of Redskins
With football season in full swing, members of Congress are taking another hit at the NFL’s tax exempt status: a second bill has been introduced which aims to eliminating tax exempt status unless the Washington Redskins yank their name. Does it have enough support to make a difference?
Read MoreWays To Show Thanks To Our Military On Veterans Day
Looking for a way to show your support for our military on Veterans Day? Here are 14 ways to show your thanks to our vets – and some of them come with a nice tax benefit to boot.
Read MoreInternet Tax Ban Ending Soon: Speaker Boehner Hopes To Keep Internet Tax Free
With Black Friday on its way, will the internet stay tax free? Speaker Boehner has signaled that he will not support the Main Street Fairness Act. However, with the moratorium on taxing internet access under the Internet Tax Freedom Act about to expire, is there room for compromise?
Read MoreIRS Warns Taxpayers To Be Diligent As Identity Thieves Add New Twist To Phone Scam
If your phone is still ringing with tax scams and IRS impersonations, you’re not alone. J. Russell George, the Inspector General, has referred to these ongoing schemes as “the largest scam of its kind that we have ever seen.” As IRS and TIGTA try to combat the growing problem of identity theft and tax scams, the fraudsters are hoping to stay a few steps ahead. They’re switching up their schemes in an effort to not get caught. Have you read about their latest efforts?
Read MoreWhat Matters Most When It Comes To Tax Reform? Hint: It's Not Control Of Congress.
Last night, the elections signaled a power shift in Congress. With Republicans controlling both houses, does that mean tax reform is on the way? Here’s why, historically, it’s not control of Congress that matters: it’s something else.
Read More11 (Or 12) Uses For Leftover Halloween Candy – Complete With Tax Consequences
Stuck with too much Halloween candy? Consider this list of ways to empty your bag… and don’t forget to consider the tax consequences!
Read MoreIRS Announces 2015 Tax Brackets, Standard Deduction Amounts And More
The Internal Revenue Service has announced the annual inflation adjustments for a number of provisions for the year 2015, including tax rate schedules, tax tables and cost-of-living adjustments for certain tax items. If you’re looking for 2015 tax rates, here you go!
Read MoreIRS Scores Victory In Court Against AICPA In Tax Preparer Suit
Earlier this year, the AICPA filed suit against the IRS to stop the new Annual Filing Season Program. The court has ruled and IRS gets the win (on procedure).
Read MoreIRS Announces Details About PTIN Renewals & Voluntary Certification
It’s that time of year again! With the 2015 tax filing season just months away, IRS reminds tax preparers that they must have a valid PTIN. And for those seeking voluntary credentials, the AFSP will be opening shortly.
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