News

Six Reasons Why You Should File Now vs. Filing for an Extension

Source: huffingtonpost.com - Apr 1, 2014

Every April, taxpayers procrastinate and wait until the last minute to file their tax returns. According to the IRS about 28 percent of taxpayers wait until these last weeks to prepare their... Read more >

Category: General Business

This Tax Season, Fraudsters May Target Your Refund

Source: npr.org - Apr 1, 2014

You've already heard about thieves stealing credit card numbers, with dominating the news headlines. But imagine what a thief could do with your company's payroll records. Those contain valuable... Read more >

Category: IRS

Tax filing in 2014: 7 new rules and 9 wacky deductions

Source: csmonitor.com - Apr 1, 2014

Tax season is here, so it's time to ensure you're ready to get the most out of your filing. We're here to help you navigate the new rules for 2014 and alert you to some strange, wacky, but... Read more >

Category: IRS

IRS warns of biggest tax scam ever

Source: cbsnews.com - Mar 21, 2014

By/Kathy Kristof/MoneyWatch/March 20, 2014, 5:48 PM As if taxpayers don't have enough to worry about. Thousands of Americans have been conned out of more than $1 million by crooks posing as IRS... Read more >

Category: General Business

Tax season 2014: Changes you need to know

Source: cbsnews.com - Mar 21, 2014

What is different for your taxes this year? Here are a few items you need to know about in this tax season. First, we'll look at the things that could pull a little bit more money from your... Read more >

Category: IRS

IRS Asks Taxpayers to Resist Calling Next Week

Source: accountingtoday.com - Feb 14, 2014

The Internal Revenue Service is urging taxpayers to resist the urge to call the agency for answers to tax questions as it anticipates an avalanche of phone calls next week and is instead asking... Read more >

Category: General Business

IRS scandal -- time for a special counsel

Source: foxnews.com - Feb 13, 2014

In the last week, new developments in the IRS targeting scandal have led me to the same conclusion as Senator Ted Cruz, Senator Lindsey Graham, Representative Trey Gowdy, and others: It’s time... Read more >

Category: IRS

IRS Loses Appeal on New Rules for Tax Preparers

Source: abcnews.go.com - Feb 13, 2014

By MATTHEW BARAKAT Associated Press Associated Press The IRS on Tuesday lost a federal appeal in a legal battle over its effort to institute competency exams and other new regulations for as many... Read more >

Category: General Business

Earned Income Tax Credit; Do I Qualify?

Source: irs.gov - Feb 6, 2014

FS-2014-4, January 2014 The Earned Income Tax Credit (EITC) is a financial boost for people working hard to make ends meet. Millions of workers may qualify for the first time this year due to... Read more >

Category: General Business

IRS Would Be Challenged By Any Future ACA Changes

Source: tax-news.com - Feb 6, 2014

by Mike Godfrey, Tax-News.com, Washington 05 February 2014 The primary finding of a report released by the Treasury Inspector General for Tax Administration (TIGTA) is that the United States... Read more >

Category: General Business

Don't Make These Tax Mistakes Fifteen common tax-filing errors that can cost you dearly.

Source: online.wsj.com - Feb 6, 2014

Stephen Webster How should you feel about this year's taxes? It's complicated. The Internal Revenue Service opened its filing season Friday, and by midnight on April 15 the agency expects to hear... Read more >

Category: IRS

11 key tax changes for 2014

Source: finance.yahoo.com - Feb 1, 2014

By Bill Bischoff January 22, 2014 8:59 AM The last few years have featured so many tax changes that it is hard to keep them straight. For some help, here’s a quick summary of what I think are... Read more >

Category: General Business

Marco Rubio Plans to Offer EITC Replacement

Source: accountingtoday.com - Jan 16, 2014

Washington, D.C. (January 14, 2014) By Michael Cohn Senator Marco Rubio, R-Fla., plans to introduce legislation that would provide a replacement for the Earned Income Tax Credit in the form of a... Read more >

Category: IRS

Beanie Babies creator avoids prison time for tax evasion

Source: foxnews.com - Jan 15, 2014

The billionaire businessman behind Beanie Babies learned Tuesday that he won't go to prison for hiding at least $25 million from U.S. tax authorities, and the judge who gave him two years'... Read more >

Category: General Business

2014 Tax Season to Open Jan. 31; e-file and Free File Can Speed Refunds

Source: irs.gov - Dec 18, 2013

IR-2013-100, Dec. 18, 2013 WASHINGTON — The Internal Revenue Service today announced plans to open the 2014 filing season on Jan. 31 and encouraged taxpayers to use e-file or Free File as the... Read more >

Category: IRS