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Boustany Selected to Lead Ways & Means Tax Policy Subcommittee

November 18, 2015 (Washington, DC) –Congressman Charles W. Boustany, Jr., MD, (R-Lafayette) announced that he has been chosen to lead the Ways & Means Committee’s Tax Policy Subcommittee, formerly known as the Select Revenue Measures (SRM) Subcommittee. The subcommittee has jurisdiction over all revenue measures that are referred to the subcommittee by the full committee […]

2015 Tax Rates

2015 Tax Rates Single If taxable income is: The tax is: $0 to $9,225 10% of taxable income $9,225 to $37,450 $922.50 + 15% of the amount over $9,225 $37,450 to $90,750 $5,156.25 + 25% of the amount over $37,450 $90,750 to $189,300 $18,481.25 + 28% of the amount over $90,750 $189,300 to $411,500 $46,075.25 […]

TAX EXAMINERS DO NOT HAVE THE TOOLS OR EXPERTISE TO AUTHENTICATE DOCUMENTS CERTIFIED BY A FOREIGN ISSUING AGENCY

Treasury Inspector General for Tax Administration Office of Audit TAX EXAMINERS DO NOT HAVE THE TOOLS OR EXPERTISE TO AUTHENTICATE DOCUMENTS CERTIFIED BY A FOREIGN ISSUING AGENCY Highlights Highlights of Reference Number: 2015-40-038 to the Internal Revenue Service Commissioner for the Wage and Investment Division. IMPACT ON TAXPAYERS An Individual Taxpayer Identification Number (ITIN) is […]

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 IR-2015-99, Aug. 6, 2015 WASHINGTON — Following the emergence of new variations of widespread tax scams, the Internal Revenue Service today issued another warning to taxpayers to remain on high alert and protect themselves against the ever-evolving array of deceitful […]

800,000 Taxpayers Received Wrong Tax Info/Healthcare

Approximately 800,000 taxpayers who received health care coverage through the federal insurance marketplace Healthcare.gov were sent the wrong information on their Form 1095-A and are being urged to wait to file their taxes until the first week of March when they receive the correct information from the federal government. “About 20 percent of the tax […]

IRS Releases Repair Reg Clarification

IRS Releases Repair Reg Clarification In Rev. Proc. 2015-20, IRS permits small business taxpayers (those businesses with total assets of less than $10M or average annual gross receipts of under $10M in the prior three years) to make certain tangible property changes in methods of accounting with an adjustment under §471(a) that takes into account […]

800,000 Taxpayers Received Wrong Tax Info from Health Insurance Marketplace

800,000 Taxpayers Received Wrong Tax Info from Health Insurance Marketplace   Approximately 800,000 taxpayers who received health care coverage through the federal insurance marketplace Healthcare.gov were sent the wrong information on their Form 1095-A and are being urged to wait to file their taxes until the first week of March when they receive the correct […]

Protect Your Identity Pilot Program

  IP PIN pilot continues in Georgia, Florida and the District of Columbia The Internal Revenue Service is again offering the Identity Protection PIN to all taxpayers who filed their federal tax returns last year from Florida, Georgia and the District of Columbia as part of a pilot program to help determine taxpayer demand for […]

Enrolled Agent, CPA or Attorney which is best for you?

Enrolled agents (EAs) are America’s tax experts. They are federally-licensed tax practitioners who both specialize in taxation and have unlimited rights to represent taxpayers before the Internal Revenue Service. If you get a letter from the IRS, or worse, are audited or are the target of a collection action, your EA can speak directly to […]

ACA

ACA Marketplace Complicates Tax Returns — May Delay 2015 Tax Season Posted: Dec 11, 2014 12:15 PM EST <em class=”wnDate”>Thursday, December 11, 2014 12:15 PM EST</em>Updated: Jan 10, 2015 9:28 AM EST <em class=”wnDate”>Saturday, January 10, 2015 9:28 AM EST</em> Information contained on this page is provided by NewsUSA, an independent third-party content provider. WorldNow […]