Intuit Accountants News Central

Above the Forms: Fraud Associated With the Earned Income Tax Credit Remains High

Above the Forms: Fraud Associated With the Earned Income Tax Credit Remains High
Article Post Date
March 25th 2015 by Mike D'Avolio

The Treasury Department reports that fraud continues to be prevalent in the earned income tax credit (EITC) program. The IRS estimates that 22-26% of EITC payments were issued improperly in … [Read More…]

 

Above the Forms: Many Taxpayers Are Exempt From the ACA Penalty

Above the Forms: Many Taxpayers Are Exempt From the ACA Penalty
Article Post Date
March 17th 2015 by Mike D'Avolio

If your clients or their family members meet certain criteria, they’ll be exempt from the Shared Responsibility Payment (Affordable Care Act penalty) and won’t have to obtain coverage. Depending on … [Read More…]

 

Why the Annual Tax Visit Shouldn’t be “Annual”

Why the Annual Tax Visit Shouldn’t be “Annual”
Article Post Date
March 12th 2015 by Joel Hodges

It’s the busiest time of year for tax professionals. While tax preparation season can be financially rewarding, your clients may dread this period. That’s why forging a long-term tax professional-client … [Read More…]

 

Above the Forms: Centerpiece Provision of the ACA – The Premium Tax Credit

Above the Forms: Centerpiece Provision of the ACA – The Premium Tax Credit
Article Post Date
March 11th 2015 by Mike D'Avolio

The most important element of the Affordable Care Act is the Premium Tax Credit, which reduces health insurance premiums down to an affordable level for low- to moderate-income individuals. Of … [Read More…]

 

Avoid Tax-Time Surprises: Tell Clients What You Need

Avoid Tax-Time Surprises: Tell Clients What You Need
Article Post Date
March 4th 2015 by Joel Hodges

If your clients’ eyes glaze over whenever you talk to them about their taxes, you can use this time to explain – in plain, simple language they can easily understand … [Read More…]

 

Above the Forms: IRS Warns Against Filing Fake Documents to Hide Income

Above the Forms: IRS Warns Against Filing Fake Documents to Hide Income
Article Post Date
March 2nd 2015 by CeCe Morken

The IRS continues educating taxpayers on the “Dirty Dozen” most common tax scams during tax season. Next on their list: Filing Fake Documents to Hide Income.
Hiding taxable income by filing … [Read More…]

 

Above the Forms: 2014 Filing Requirements – Tangible Property Regulations/Change in Accounting Method

Above the Forms: 2014 Filing Requirements – Tangible Property Regulations/Change in Accounting Method
Article Post Date
February 27th 2015 by Mike D'Avolio

Are you up to speed on filing requirements for Tax Year 2014 as they relate to tangible property regulations and the change in accounting method for Form 3115?
Here is some … [Read More…]

 

Above the Forms: IRS Warns Against Fake Charities

Above the Forms: IRS Warns Against Fake Charities
Article Post Date
February 26th 2015 by CeCe Morken

The IRS continues educating taxpayers on the “Dirty Dozen” most common tax scams during tax season. Next on its list: Fake Charities.
On average, more than one-fourth of all tax filers … [Read More…]

 

Above the Forms: What Does Healthcare Have To Do With Taxes?

Above the Forms: What Does Healthcare Have To Do With Taxes?
Article Post Date
February 24th 2015 by Mike D'Avolio

Beginning with Tax Year 2014 under the Affordable Care Act (ACA), the Federal government will use the income tax return to make sure that everyone 1) has healthcare coverage, 2) … [Read More…]

 

Above the Forms: Don’t Fall Victim to Inflated Refund Claims

Above the Forms: Don’t Fall Victim to Inflated Refund Claims
Article Post Date
February 23rd 2015 by CeCe Morken

We are continuing to examine the IRS’ annual “Dirty Dozen” most common tax scams to avoid during tax season, and today, we are highlighting another important issue for taxpayers: inflated … [Read More…]

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