March 30, 2015
Accountants Tell Congress That Tax Reform Must Come Soon
The nation's largest society of professional accountants is telling Congress that tax reform isn't just something to think about, it's something needed soon.
March 23, 2015
Want to Cut Your Taxes? There’s Still Time to Contribute to an IRA for 2014
Taxpayers still have time to decrease their 2014 taxes by contributing to an IRA. In most cases, doing so can help them qualify for a deduction or even a tax credit.
March 19, 2015
Need More Time on Your Taxes? IRS Offers Automatic 6 Month Extensions to Anyone
For taxpayers who haven’t yet filed their taxes, the IRS has this advice: don’t panic. Taxpayers who need more time to complete their tax return can request an automatic six-month extension.
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.
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..
March 13, 2015
IRS Says Interest Rates to Stay at Current Rates for 2nd Quarter of 2015
The Internal Revenue Service has announced that interest rates will remain the same for the calendar quarter beginning April 1, 2015.
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.
March 10, 2015
IRS Looking for Volunteers for Taxpayer Advocacy Panel
The Internal Revenue Service says it is seeking civic-minded volunteers to serve on the Taxpayer Advocacy Panel (TAP), a federal advisory committee that listens to taxpayers, identifies major taxpayer concerns and makes recommendations for improving IRS s
March 8, 2015
Is it Better for Couples to File Joint or Separate Tax Returns?
Sometimes the “easiest” tax return decisions aren’t so simple after all. Take the basic choice of your tax filing status. Usually, it’s a no-brainer for a married couple to file a joint return, but there are a few notable exceptions. When you dig a ...
March 5, 2015
Common Taxpayer Scams Get IRS Attention
The IRS compiles annually The Dirty Dozen, listing a variety of common scams taxpayers may encounter any time during the year. Many of these con games peak during filing season as people prepare their tax returns or hire someone to do so. Some of the more
March 4, 2015
How Deducting Actual Vehicle Expenses Instead of IRS Standard Rate Can Save a Tank-Full
With a little work and some stick-to-it-iveness, you might be able to save a client hundreds or even thousands of tax dollars on a 2014 return.
March 3, 2015
Top 10 IRS Identity Theft Cases of 2014
Continuing its enforcement push against refund fraud and identity theft, the Internal Revenue Service today announced the Top Ten Identity Theft Prosecutions for Fiscal Year 2014 (FY14). The ongoing efforts to bring identity thieves to justice ...