Tax-related identity theft occurs when a thief uses someone’s stolen Social Security number to file a tax return and claim a fraudulent refund. The victim may be unaware that this has happened until they e-file their return.
Read MoreExperts provide tips on paying down debt, saving for retirement and staying current on car payments.
Read MoreIn Revenue Ruling 2019-11, the IRS provided four examples illustrating how the long-standing tax benefit rule interacts with the new SALT limit to determine the portion of any state or local tax refund that must be included on the taxpayer’s federal income tax return.
Read MoreKicking off the annual “Dirty Dozen” list of tax scams, the Internal Revenue Service today warned taxpayers of the ongoing threat of internet phishing scams that lead to tax-related fraud and identity theft.
Read MoreIn the latest ‘Tax Tips’ update released by the IRS, they provided some valuable insight on methods to keep your data safe from cyber criminals. Most commonly, thieves are using data they steal to file fake tax returns or commit crimes while impersonating their victims. Below are the steps that the IRS has shared.
Read MoreThe IRS works with local community groups to certify thousands of volunteers who are trained in the latest tax law. Eligible taxpayers should consider taking advantage of these free programs. This includes people with disabilities and people who speak limited English. Here are some additional details about these two programs.
Read MoreRunning out of money is the top financial concern of clients planning for retirement, cited by 30 percent of CPA financial planners. This reflects an improvement from the AICPA’s 2016 survey, which found 41 percent of clients listing it as a top concern.
Read MoreIf you need your prior-year tax records to complete your 2018 return or to validate your income, the IRS has a transcript service available on their website where you can request a copy online or request delivery by mail.
Read MoreNational Taxpayer Advocate Nina E. Olson today released her 2018 Annual Report to Congress, describing challenges the IRS is facing as a result of the recent government shutdown and recommending that Congress provide the IRS with additional multi-year funding to replace its core IT systems.
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