Tax preps start in earnest

It’s an ideal week for taxpayers to begin gathering their war chests for the season about to dawn. The Internal Revenue Service is defining income tax season as commencing Jan. 23 and extending to April 18. The reasons for the extra few days are April 15 falling on a Saturday and a federal holiday observed…

3 Tax Scams to Watch Out For in 2017

Tax season is right around the corner and, unfortunately, a surge in tax scams is likely to come with it. Tax scams can take many different forms, but most tax scams fall under three major categories: fraudulent returns, phone scams, and phishing. Most tax scams, though, are preventable, so here’s what you need to know…

Republicans plan massive tax code overhaul

WASHINGTON — Congressional Republicans are planning a massive overhaul of the nation’s tax system, a heavy political lift that could ultimately affect families at every income level and businesses of every size. Their goal is to simplify a complicated tax code that rewards wealthy people with smart accountants, and corporations that can easily shift profits…