Getting To Know You Tuesday: Steven Chung
It’s Getting To Know You Tuesday! Today’s tax professional is Steven Chung.
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100 Must-Follow Tax Twitter Accounts For 2017
Just in time for the new year, it’s the 100 Must-Follow Tax Twitter Accounts For 2017.
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IRS Warns On New Scam Targeting Tax Professionals
The Internal Revenue Service (IRS) is again warning tax professionals about a potential scam involving email and IRS e-services.
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IRS Warns Tax Pros On Targeted Scams, Advises Regular PTIN Monitoring
The IRS is warning tax professionals about a new, targeted scam. As part of its information to tax professionals, IRS is also advising tax pros to monitor their PTIN activity.
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Senate Committee Says Yes To Increased Taxpayer Protections, No To Tax Preparer Licensing
The U.S. District Court of Appeals affirmed a 2013 ruling that Congress never gave the Internal Revenue Service (IRS) the power to license tax preparers and the IRS cannot give itself that authority. The court made it clear that if Congress wanted to give that authority to IRS, it could. This week, Senate Republicans failed to do that, objecting to a proposal that would have established minimum standards for paid tax return preparers.
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Tax Season Proving Confusing (Again) For Taxpayers Affected By Obamacare
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.
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Identity 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.
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12 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.
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IRS 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.