Taxpayers who are not required to file a tax return may want to do so. They might be eligible for a tax refund and don’t even know it. Some taxpayers might qualify for a tax credit that can result in money in their pocket. Taxpayers need to file a 2017 tax return to claim these… Read More

What Members of Military Should Know about the Earned Income Tax Credit   The IRS reminds members of the military and veterans that they may qualify for the earned income tax credit. This credit benefits certain people who work and have earned income that’s less than $53,930. A tax credit usually means more money in the… Read More

IRS: Special Rules Help Many with Disabilities Qualify for Earned Income Tax Credit   The Internal Revenue Service wants taxpayers with disabilities and parents of children with disabilities to be aware of the Earned Income Tax Credit (EITC) and correctly claim it if they qualify. The IRS says that many with disabilities miss out on… Read More

Grandparents Caring for Grandchildren Should Check Their Eligibility for EITC   Grandparents who work and are also raising grandchildren might benefit from the earned income tax credit. The IRS encourages these grandparents to find out, not guess, if they qualify for this credit. This is important because grandparents who care for children are often not aware that… Read More

To protect their offices and client data, many tax preparers hire a cybersecurity professional. Because every tax office is unique, preparers should consider specific concerns they have. They should present those to their cybersecurity professional, which will help safeguard both the preparer’s business and their clients’ data. The IRS provides these four things for tax preparers… Read More

IRS, States and Tax Industry Warn Employers to Beware of Form W-2 Scam; Tax Season Could Bring New Surge in Phishing Scheme The Internal Revenue Service, state tax agencies and the tax industry today urged all employers to educate their payroll personnel about a Form W-2 phishing scam that made victims of hundreds of organizations… Read More

IRS Urges Travelers Requiring Passports to Pay Their Back Taxes or Enter into Payment Agreements; People Owing $51,000 or More Covered   The Internal Revenue Service today strongly encouraged taxpayers who are seriously behind on their taxes to pay what they owe or enter into a payment agreement with the IRS to avoid putting their… Read More

As people prepare to file their taxes, there are things to consider. They will want to determine if they need to file and the best way to do so. Here are three things for people to keep in mind as they prepare to file their taxes: Who is Required to File.  In most cases, income, filing… Read More

Q: Why are these changes being made? A: The new withholding tables are needed to reflect the changes in tax rates and tax brackets, increased standard deduction and repeal of personal exemptions that were included in the new tax reform law signed in December. The withholding guidance issued today is for employers to make changes… Read More

Employers and Coverage Providers have more Time to Furnish Health Coverage Forms to Individuals   The IRS extended the 2018 due date for certain employers and health coverage providers to furnish 2017 health coverage information forms to individuals.   The following organizations now have until March 2, 2018, to provide Forms 1095-Bor 1095-C to individuals: Insurers. Self-insuring employers. Other… Read More