February 26, 2016
Millennials More Likely To File Paper Tax Returns … What?
They may have grown up with an always plugged-in and mobile world, but Millennials are actually more likely to turn to paper than any other age group, a new survey shows.
February 26, 2016
ADP Gives Accountants Free HR HelpDesk Access During Tax Season
ADP is offering accountants and their small-business clients free access to the ADP HR HelpDesk during tax season. This offer is available to accountants nationwide who can also select up to five of their small-business clients (those with fewer than ...
February 25, 2016
Tax Scams Increase 400% – IRS Issues New Alert
The emails are designed to trick taxpayers into thinking these are official communications from the IRS or others in the tax industry, including tax software companies. The phishing schemes can ask taxpayers about a wide range of topics.
February 25, 2016
IRS Two Steps Closer to Regulating Tax Preparers
The IRS strategy to require independent, non-credentialed tax preparers took two steps forward in February. Both steps are designed to establish required education and licensing for the estimated 111,000 independent tax preparers in the US.
February 24, 2016
Adam Davidson to Keynote Avalara Crush Sales Tax Conference
Davidson writes the “On Money” column for the New York Times Magazine, and rose to prominence as the co-creator of Planet Money, which reaches millions of people weekly via a blog, a twice-weekly podcast and regular stories on ‘‘Morning Edition,’’ ...
February 23, 2016
Americans Ignoring Risk of Tax Identity Theft
Americans are ignoring simple precautions and best practices this tax season that could easily lead to stolen identities and hacked personal information, according to a new national survey by IDT911, a data security and identity theft protection firm.
February 22, 2016
Many Taxpayers Could Benefit from Saver’s Income Tax Credit
The credit is available to workers aged 18 years or older who have contributed to a company-sponsored retirement plan or IRA in the past year and meet the Adjusted Gross Income (AGI) requirements.
February 22, 2016
Frivolous Tax Arguments Won’t Win Against the IRS
Examples of frivolous arguments also include contentions that the only “employees” subject to federal income tax are employees of the federal government; and that only foreign-source income is taxable.
February 16, 2016
IRS Targets Bogus Tax Shelters
Illegal scams can lead to significant penalties and interest and possible criminal prosecution. IRS Criminal Investigation works closely with the Department of Justice (DOJ) to shut down scams and prosecute the criminals behind them.
February 15, 2016
IRS Is Looking For Unreported Offshore Accounts
The IRS remains committed to our priority efforts to stop offshore tax evasion wherever it occurs. Even though the IRS has faced several years of budget reductions, the IRS continues to pursue cases in all parts of the world, regardless of whether the ...
February 12, 2016
New E-Signature System Designed for Tax Preparers
With tax season in full swing, SIGNiX, a provider of cloud-based Independent E-Signature solutions, has launched TaxDoX, a new e-signature utility created to allow tax preparers to digitally sign and send tax documents securely through the cloud.
February 12, 2016
It Doesn’t Take a Genius to Understand the Need for Tax Professionals
You may have seen recent ads by a major tax preparation provider claiming that, “it doesn’t take a genius to do your taxes”. Unfortunately, they’re right. I’m not a genius. You’re probably not a genius. Neither is the mechanic that recently fixed the ...