Taxes

 IRS Needs To Clamp Down on Hobby Losses, Says Watchdog

June 3, 2016 

IRS Needs To Clamp Down on Hobby Losses, Says Watchdog

pproximately 1.2 million taxpayers may have used hobby losses to reduce their taxable incomes to potentially avoid paying $2.8 billion in taxes in 2005. The overall objective of the latest review was to determine whether the IRS is taking sufficient ...

electronic tax return reader sageworks 1  5754789d156ae

June 1, 2016 

Electronic Tax Return Reader

2016 Innovation Award Winner -- The Electronic Tax Return Reader imports data from borrowers’ electronic tax returns, including financial and real estate information. The patent-pending technology supports PDF files created directly from select tax ...

handcuffs on tax form 1040 573x300 1  5745c80920ea2

May 25, 2016 

5 Arrested, Charged With IRS Phone Scam Worth $2 Million

Federal agents have arrested five people who are facing charges of impersonating IRS agents in scams that have persisted for more than three years. Victims lost more than $2 million and were contacted by phone and told they owed back taxes or other fees.

federal trade commission 574481bf2f8aa

May 24, 2016 

Congress Needs to Modernize the FTC

There is an opportunity for Congress to modernize the agency so that it better protects consumers from harm while minimizing regulatory costs and better enabling robust innovation in the U.S. economy.