Taxes

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March 19, 2015 

IDVerify Offers Secure Way to Verify Identity with the IRS

The Internal Revenue Service is reminding taxpayers who receive requests from the IRS to verify their identities that the Identity Verification Service website, idverify.irs.gov, offers the fastest, easiest way to complete the task.

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March 18, 2015 

Answering the Most Common Obamacare Tax Questions

To help taxpayers, the American Institute of CPAs (AICPA) has provided a list of the most commonly-asked questions about the health insurance information reporting required by the Affordable Care Act on 2014 federal income tax returns.

 AICPA Sends Tax Proposals to Congress and Senate

March 18, 2015 

AICPA Sends Tax Proposals to Congress and Senate

The American Institute of CPAs (AICPA) has sent 34 legislative proposals to the top tax lawmakers in the U.S. Congress and Senate. The AICPA believes these proposals promote simplicity and fairness in the tax code, are generally noncontroversial and ...

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March 17, 2015 

How to Find All the Legit Deductions for Clients on Form HUD-1

The sheer volume of paperwork generated during a sale of a principal residence can be intimating. Much of the vital information is summarized on Form HUD-1, but the resulting tax consequences may still leave both buyers and sellers scratching their ...

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March 14, 2015 

IRS Warns About New Obamacare Income Tax Scam

Reports are popping up around the country that unlicensed and crooked income tax preparers are telling taxpayers that they need to make the Affordable Health Care Act's individual shared responsibility payments directly to the tax preparer. Obamacare is..

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March 13, 2015 

How to Respond to IRS Tax Notices

Tax notices may be sent for many reasons and are almost inevitable. Perhaps there was an error in filing, or your client was missing some documents. Maybe there was an issue on the IRS’ side. Whatever the case, it should be handled quickly and with care.

Taija Sparkman