Scam Targets Tax Preparers

Scam Targets Tax Preparers

The IRS has issued a warning to alert tax preparers about fraudulent emails that are being sent to target tax preparers specifically. The email asks you to update your e-Services information and the links included are to a phishing scam which will capture your...
800,000 Incorrect Tax Statements

800,000 Incorrect Tax Statements

The 1095-A is the tax statement in question and anyone who purchased a health care plan through the Marketplace will receive one. Included in this tax statement is the amount paid in monthly premiums, which is where the mistake was made. Some of the premiums figured...
IRS Bitter About Budget

IRS Bitter About Budget

It seems that IRS Commissioner John Koskinen is too busy steaming over the IRS budget cuts to worry about the Republicans and Democrats battling over the tax extenders. He states “Our (The IRS) job is tax administration; we’re not the tax policy people.” Koskinen adds...
Obama Threatens to Veto Tax Extenders

Obama Threatens to Veto Tax Extenders

As attempts to wrap up permanent tax-break extensions for corporations, college students and residents of states without income taxes were in progress. Obama stepped in and voiced his concern that these proposed tax extensions would not benefit low-income families at...
Ebola Chartity and Expense Tax Breaks

Ebola Chartity and Expense Tax Breaks

President Obama finally addressed the public stating that the Ebola Virus outbreak in West Africa is a public health emergency,a humanitarian crisis, and a national security priority. His belief is in order to keep us safe here at home, we need to stop it at the...