IRS Now Accepting ITIN Renewal Applications; Taxpayers Encouraged to Act Soon to Avoid Processing Delays in 2017

Note of Clarification: If taxpayers submit a tax return with an expired ITIN, they will experience a delay in processing and certain credits such as the Child Tax Credit and the American Opportunity Tax Credit may not be allowed unless the ITIN is renewed. Taxpayers are not, however, prohibited from filing a tax return. (Added…

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Ideas for Retirement Savings Reform

On 1/28/16, the Senate Finance Committee held a hearing on –Helping Americans Prepare for Retirement: Increasing Access, Participation and Coverage in Retirement Savings Plans.  This isn’t the first time for this topic.  There were a few hearings on this in 2014. I’m not sure if anything is driving the renewed attention to this topic now. …

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