Taxes

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March 14, 2016 

IRS Taxpayer Advisory Panel Gets New Members

The new TAP members will join 41 returning members to round out the panel of 73 volunteers for 2016. The new members were selected from more than 1,000 interested individuals who applied during an open recruitment period last spring and the pool of ...

 IRS Warns Payroll and HR Pros of W-2 Scams

March 1, 2016 

IRS Warns Payroll and HR Pros of W-2 Scams

The Internal Revenue Service has issued an alert to payroll and human resources professionals to beware of an emerging phishing email scheme that purports to be from company executives and requests personal information on employees.

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March 1, 2016 

New Tax Laws Offer Big Benefits to Some Small Businesses

This legislation included the extension of more than 50 tax credit and incentive programs that expired on Dec. 31, 2014 – among them an array of federal tax credits that offer incentives to employers who implement various hiring, training and ...

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February 29, 2016 

Comparing the Income Tax Returns of the 2016 Presidential Candidates

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...…

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February 29, 2016 

Scammers Get Creative With Leap Day

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,...…

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February 26, 2016 

ADP Gives Accountants Free HR HelpDesk Access During Tax Season

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 ...

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February 25, 2016 

Tax Scams Increase 400% – IRS Issues New Alert

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.

 IRS Two Steps Closer to Regulating Tax Preparers

February 25, 2016 

IRS Two Steps Closer to Regulating Tax Preparers

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.

Dave McClure