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.
February 15, 2016
The IRS remains committed to our priority efforts to stop offshore tax evasion wherever it occurs. Even though the IRS has faced several years of budget reductions, the IRS continues to pursue cases in all parts of the world, regardless of whether the ...
February 12, 2016
With tax season in full swing, SIGNiX, a provider of cloud-based Independent E-Signature solutions, has launched TaxDoX, a new e-signature utility created to allow tax preparers to digitally sign and send tax documents securely through the cloud.
February 12, 2016
You may have seen recent ads by a major tax preparation provider claiming that, “it doesn’t take a genius to do your taxes”. Unfortunately, they’re right. I’m not a genius. You’re probably not a genius. Neither is the mechanic that recently fixed the ...
February 10, 2016
It’s unlikely that a sharply divided Congress will send President Obama off with parting gifts, but that didn’t stop the nation’s leader from including a “wish list” in the proposed budget for his final year in office. The proposals released on ...
February 5, 2016
The Internal Revenue Service says taxpayers should beware of unscrupulous return preparers, what it says is one of the most common “Dirty Dozen” tax scams seen during tax season.
February 5, 2016
The initial due date or extended deadline for many entities are changing for the 2016 tax year. In other words, at this time next year, your tax calendar will look dramatically different than it does right now.
February 4, 2016
If your tax preparer is unethical and incorrectly prepares it for you, you could be liable for back taxes, penalties and even criminal punishment. That's why taxpayers need to do a little checking before having someone else do their taxes.