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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]