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… Read More
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… Read More
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… Read More
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… Read More
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… Read More
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… Read More
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… Read More
The Affordable Care Act is in full swing. At this years tax appointment you will need to bring proof of Health Insurance. All Health Insurance cards for all family members. Even if you are insured through your employer. If you obtained your insurance through the market place, you will receive a 1095A form that you… Read More
The Tax Increase Prevention Act of 2014 Individual Extenders The TIPA renews the individual extenders through 2014. These extenders include: State and Local Sales Tax Deduction has been extended through 12-31-2014. Higher Education Deductiion has been extended through 12-31-2014 and is subject to phase out limitations Teacher’s Classroom Expense Deduction of $250.00 for qualified professional… Read More