We’ve all got our pre-tax-season rituals; those processes and procedures that ensure we’re running on all cylinders once Jan. 1 rolls around. While preparatory activities can vary from office to office, there’s one procedure that should be a common thread running to every tax prep office: computer security measures.…
With the beginning of the new income tax filing season just weeks away, the Internal Revenue Service is marshalling the home team to keep taxpayers and preparers safe from hackers and identity thieves.…
The Internal Revenue Service last week announced that leave-based donation programs could be used to send aid to victims of Hurricane Matthew. Sometimes referred to as a “leave sharing program,” leave donation lets employees donate their vacation or sick leave to a company pool that can be used by coworkers who have medical emergencies or are affected by natural disasters.…
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It’s time once again to honor our veterans, those men and women who have defended our American way of life all over the globe. That’s a big job, and giving service members special breaks on their taxes is one of the ways we as a nation say "thank you."…
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Tax professionals are being warned about a phishing scam aimed at them that poses as a chummy message from the Internal Revenue Service. This new email threat starts with a bogus email message carrying the title “Security Awareness for Tax Professionals.” The “From” line is “Your e-Services Team.”…
If you’ve thought lately about just how much America’s biggest corporations face on their income tax returns, the answer might surprise you. The website WalletHub has completed its annual Corporate Tax Rate Report for companies on the S&P 100 – the biggest and most established firms out there.…
Members of the Security Summit say their efforts are being rewarded with a marked improvement in the battle against identity theft and tax fraud. The group – made up of tax industry partners and state tax agencies who work with the Internal Revenue Service – helped the IRS develop new strategies that have borne fruit in 2016.…
Read more about Online Security Measures Showing Positive Results
The IRS yesterday issued a reminder to taxpayers who receive premium tax credit (PTC) advance payments, noting that some circumstance changes could result in the household owing additional money next…
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If you have certain kinds of debt, including federal and state back taxes, child support, and student loans, then the Bureau of the Fiscal Service (BFS) – part of the Department of Treasury – can use…
BBC News reported yesterday that by 2020 the UK will replace physical, mailed tax returns with online accounts. Government-issued logins will allow taxpayers to submit tax details all year long, and…
