WOODWARD, Okla. — The IRS and Security Summit partners are warning taxpayers to be on the lookout for phishing scams that can increase around tax season. “Each day people fall victim to phishing scams through emails, texts, or phone and mistakenly turn over important data,” according to the IRS information. “In turn, cybercriminals try to use…
By David B. Brandolph Defined benefit plans are likely to have their funding and lump-sum payment costs rise under an IRS proposed rule updating the mortality tables plans use to calculate the present value of benefits. The new tables, proposed Dec. 28, reflect the longer life expectancy of plan participants and are also used by…
As the tax filing season approaches on January 23 in the United States, the Internal Revenue Service (IRS) in Washington has reminded taxpayers of things they should do to get ready. The tax season in the U.S. means mounds of paperwork with individuals and accounting firms often overwhelmed before tax returns are due in on…
