Tax Court Says Don’t Blame DIY Tax Software
A recent Tax Court ruling is clear that do-it-yourself tax software is no shield against improper deductions.…
Tax Professional Oversight? It's in the Budget
When presidents release budget proposals, they are more or less providing lawmakers with a wish list, and this budget includes tax return preparer oversight.…
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TIGTA Says Health Coverage Tax Credit Process Flawed
An interim process aimed at helping displaced workers and retirees pay for health insurance isn’t screening applicants correctly, an audit has found.…
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Report: Federal Effort to Restrict Use of SSNs Found Lacking
A new report from the Government Accountability Office finds that some federal agencies aren’t following through on a key anti-identity-theft measure.…
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Last Call for Tax Forum Early Bird Discount
The IRS yesterday reminded tax professionals that there is an early bird discount for tax forum registration.…
Memorial Day Reminder: IRS E-Services will be Down for Maintenance
The Internal Revenue Service recently announced that it will again be performing its annual Memorial Day systems maintenance.…
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Time to Sign Up for Nationwide Tax Forums
As spring rockets into summer, time is also slipping away to pre-register for one of the five Nationwide Tax Forums for 2017 put on by the Internal Revenue Service.…
Upgrade to e-Services Coming in June
June 18 has been offered as a tentative date for the rollout of the Internal Revenue Service’s e-Services platform to a more secure, more modern system.…
GAO: W-2 Verification Promising, but More Work Remains
The new wage verification process inaugurated for the tax year 2016 filing season holds hope in the fight against fraudulent income tax returns, a new report finds, but the Internal Revenue Service faced more than a few challenges in carrying out the plan.…
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Is Your Hobby a Business? How the IRS Decides
Millions of Americans engage in hobbies that may also be a source of income. And it’s that last word – income – that raises the attention of the Internal Revenue Service.…
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