Taxes

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 Mortgage Rates Hit Lowest Point in More Than 3 Years

June 20, 2016 

Mortgage Rates Hit Lowest Point in More Than 3 Years

Mortgage rates fell further this week, with the benchmark 30-year fixed mortgage rate now at the lowest point since May 2013, 3.69 percent, according to Bankrate.com's weekly national survey. The 30-year fixed mortgage has an average of 0.19 discount ...

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June 13, 2016 

Survey Shows Top Five U.S. Telephone Scams

Almost nine out of ten Americans (89%) receive unwanted calls each month according to a recent survey which has also revealed the top 5 types of scam people have fallen victim to.

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June 13, 2016 

How Investors Can Salvage Tax Losses With the Wash Sale Rule

Beware of the "wash sale" rule. This rule says you can't deduct the loss from the sale of securities if you buy "substantially identical" securities within 30 days before or after the loss sale. The disallowed loss is added to your basis in the new stock.

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June 9, 2016 

Scammers Move From Phish to Whales

Whaling is a form of phishing attack where senior executives and others with access to valuable and sensitive data are sent very personal and well researched emails. The attacker may send the target an email that appears to be from someone they ...

Jim Boomer

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June 8, 2016 

No Change for IRS Interest Rates in 3rd Quarter 2016

Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.

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June 3, 2016 

New York CPA Society Names New President

An NYSSCPA member since 1987, Zovistoski has served on the Society’s Board of Directors each year for the past six years—two of them as the Society’s secretary/treasurer. He’s also served as Finance Committee chair and Northeast Chapter president, as ...

electronic tax return reader sageworks 1  5754789d156ae

June 1, 2016 

Electronic Tax Return Reader

2016 Innovation Award Winner -- The Electronic Tax Return Reader imports data from borrowers’ electronic tax returns, including financial and real estate information. The patent-pending technology supports PDF files created directly from select tax ...

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May 25, 2016 

5 Arrested, Charged With IRS Phone Scam Worth $2 Million

Federal agents have arrested five people who are facing charges of impersonating IRS agents in scams that have persisted for more than three years. Victims lost more than $2 million and were contacted by phone and told they owed back taxes or other fees.

 Tax Filing Deadlines for Expats, FBAR Coming Up

May 22, 2016 

Tax Filing Deadlines for Expats, FBAR Coming Up

Most expatriate U.S. citizens need to file by June 15, 2016. Taxpayers who need to file an FBAR (Foreign Bank and Financial Account Report) must file by June 30. More than 1 million taxpayers filed an FBAR in 2015. Taxpayers with foreign assets, even ...