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Identity Theft an Ongoing Concern on the IRS Annual “Dirty Dozen” List of Tax Scams to Avoid

Identity Theft an Ongoing Concern on the IRS Annual “Dirty Dozen” List of Tax Scams to Avoid

Feb 17, 2016 | News

WASHINGTON — The Internal Revenue Service [on Feb. 1] issued a filing season alert warning taxpayers to watch out for identity theft at tax time and highlighted the crime as the first scam in the agency’s “Dirty Dozen” series. Over the course of the past year, as part...
IRS Reminds Tax Return Preparers of Limited Practice Changes and Announces Revised PTIN Fee

IRS Reminds Tax Return Preparers of Limited Practice Changes and Announces Revised PTIN Fee

Nov 16, 2015 | Tax deductible

WASHINGTON — The Internal Revenue Service today reminded non-credentialed tax return preparers of major upcoming changes regarding which tax return preparers can represent clients in matters before the IRS beginning in 2016, and take action by Dec. 31, 2015, to avoid...
IRS Warns Taxpayers to Guard Against New Tricks by Scam Artists; Losses Top $20 Million

IRS Warns Taxpayers to Guard Against New Tricks by Scam Artists; Losses Top $20 Million

Aug 24, 2015 | Do You Know, Planning for Longevity, Retirement Plans

WASHINGTON — Following the emergence of new variations of widespread tax scams, the Internal Revenue Service [on Aug. 6] issued another warning to taxpayers to remain on high alert and protect themselves against the ever-evolving array of deceitful tactics scammers...
IRS Reminds Tax Return Preparers of Limited Practice Changes and Announces Revised PTIN Fee

Interest Rates Remain the Same for the Third Quarter of 2015

Jun 22, 2015 | Tax Planning and Deductions

WASHINGTON — The Internal Revenue Service announced [on June 4] that interest rates will remain the same for the calendar quarter beginning July 1, 2015.  The rates will be: three (3) percent for overpayments [two (2) percent in the case of a corporation]; one-half...
Special Penalty Relief Available for Late Returns Filed by June 2 for Certain Small Retirement Plans

Special Penalty Relief Available for Late Returns Filed by June 2 for Certain Small Retirement Plans

May 13, 2015 | Tax deductible, Tax Planning and Deductions

When it comes to late returns, here are two words we can always get behind: penalty relief. Tied to Small Business Week (honest now, did you really know that May 4-8 was so designated?), the IRS released this announcement: WASHINGTON — With Small Business Week (May 4...
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