As tax season rolls on, H&R Block reports that penalties are up for taxpayers who don’t have health care coverage and don’t otherwise qualify for an exemption. The number of taxpayers who have to pay back those healthcare credits is also up. What’s down? Tax refunds.
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Fraud Allegations At Liberty Tax Franchises Raise Questions
Tax return preparer fraud is nothing new but suspensions imposed by Maryland Comptroller Franchot on Liberty Tax franchise owners have raised eyebrows.
Read MoreIdentity Theft A Concern As Two Tax Preparation Software Companies Announce Unusual Activity
Identity theft continues to be a concern this tax season with two tax preparation software companies reporting unusual activity involving their customers. Tax preparation software companies TaxSlayer and TaxAct have reported suspicious account activity.
Read More12 Questions To Ask When Choosing A Tax Preparer
Looking to hire a tax professional this tax season? Here are 12 questions to ask when choosing a tax preparer.
Read MoreIRS Announces Free File Now Open, More Than 70% Of Taxpayers Can E-File For Free
Looking to file your tax return for free? IRS has announced that Free File is open and available to more than 70%, or 100 million, taxpayers.
Read MoreJackson Hewitt Teams Up With American Express To Target The Underbanked This Tax Season
This year, as part of an outreach effort to the unbanked and underbanked, taxpayers who have their taxes prepared at Jackson Hewitt can opt to have their federal tax refund added to an American Express Serve account. American Express Serve is a reloadable prepaid account backed by American Express.
Read MoreThe 100 Must-Follow Tax Twitter Feeds In 2016
If you’re already on Twitter, the list will make sense to you. If you’re not already on Twitter, here’s the scoop: Twitter is a social media site
Read MoreAs Tax Filing Season Nears, IRS Warns Tax Professionals On New Phishing Scams
With tax season opening soon, scammers aren’t just taking advantage of taxpayers, they’re preying on tax professionals, too. Earlier today, the Internal Revenue Service (IRS) warned
Read MoreCloudy Security: What Your Advisor Doesn’t Know About Cloud Computing Could Hurt You
You’ve heard how cyber-attacks on big organizations like JPMorgan Chase, health insurer Anthem, and the federal Office of Personnel Management have put the personal information
Read MoreCongress Moves Towards Granting IRS Authority To License Tax Preparers
With tax season just around the corner, Congress is taking another stab at legislation to license tax preparers. Representatives Diane Black (R-TN) and Pat Meehan (R-PA) have
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