February 29, 2016
The latest dust-up involving Donald Trump, the front runner for the Republican presidential nomination, centers around his federal income tax returns. To this point, Trump has declined to release information about his latest tax returns, citing ongoing audits as this reason for the refusal. In the meantime, chief GOP rivals Ted Cruz and Marco Rubio...…
February 29, 2016
You know you’ve been the consumer watchdog reporter for a long time when you start to think like a scammer. That’s exactly how my brain was working a week ago when I saw Leap Day was fast approaching. “I’ll write about all the Feb. 29 swindles that people should watch out for,” I thought. Incorrectly,...…
February 26, 2016
Farmers and fishermen who chose to forgo making quarterly estimated tax payments for 2015 generally must file their 2015 federal return and pay any tax due by Tuesday, March 1, 2016.
February 26, 2016
They may have grown up with an always plugged-in and mobile world, but Millennials are actually more likely to turn to paper than any other age group, a new survey shows.
February 26, 2016
ADP is offering accountants and their small-business clients free access to the ADP HR HelpDesk during tax season. This offer is available to accountants nationwide who can also select up to five of their small-business clients (those with fewer than ...
February 25, 2016
The emails are designed to trick taxpayers into thinking these are official communications from the IRS or others in the tax industry, including tax software companies. The phishing schemes can ask taxpayers about a wide range of topics.
February 25, 2016
The IRS strategy to require independent, non-credentialed tax preparers took two steps forward in February. Both steps are designed to establish required education and licensing for the estimated 111,000 independent tax preparers in the US.
February 24, 2016
Davidson writes the “On Money” column for the New York Times Magazine, and rose to prominence as the co-creator of Planet Money, which reaches millions of people weekly via a blog, a twice-weekly podcast and regular stories on ‘‘Morning Edition,’’ ...
February 23, 2016
Americans are ignoring simple precautions and best practices this tax season that could easily lead to stolen identities and hacked personal information, according to a new national survey by IDT911, a data security and identity theft protection firm.
February 22, 2016
The credit is available to workers aged 18 years or older who have contributed to a company-sponsored retirement plan or IRA in the past year and meet the Adjusted Gross Income (AGI) requirements.
February 22, 2016
Examples of frivolous arguments also include contentions that the only “employees” subject to federal income tax are employees of the federal government; and that only foreign-source income is taxable.
February 16, 2016
Illegal scams can lead to significant penalties and interest and possible criminal prosecution. IRS Criminal Investigation works closely with the Department of Justice (DOJ) to shut down scams and prosecute the criminals behind them.