Income Tax

A 32-year-old Macon woman faces 27 years in prison after stealing the identities of nursing home patients and filing a half-million dollars worth of fraudulent tax returns.

Tax season has always been a tempting time for many unsavory people to try to scam others. The addition of online self-preparation and identity theft has only made the problem worse.

Online accounting software maker Xero has released a new collection of critical tips and advice from accountants that is designed to help small businesses improve operations in 2014.

A printable version of the IRS Federal income tax return (Form 1040) can be viewed and printed from our website by clicking the download button at: http://cpapracticeadvisor.com/11297334.

Starting this year, the credit goes up to 50 percent for for-profit entities, and 35 percent for tax-exempt ones.

Responding to a Freedom of Information Act request, the IRS has released a series of documents, including training materials used by agents relating to how it recognizes and treats exempt organizations like nonprofits.

The IRS recently said that the 2014 tax filing season for individual returns won’t kick off until January 31, a delay of ten days due to the government shutdown last October. But taxpayers using the IRS’ Free File program can still get a head start.

Three more suspects pleaded guilty in federal court in Miami Friday for their roles in a $7 million scheme that used the identities of dead people to file fraudulent income tax refund claims, U.S. Attorney Wifredo A. Ferrer said.