Since Donald Trump won the election, undocumented immigrants who were brought to the United States as children have grown fearful that he would follow through on his vow to repeal an executive order that protects them from being deported. Put in place by President Obama, the Deferred Action for Childhood Arrivals (DACA) program has helped…
In a new proposal, the IRS is seeking regulatory changes to issues regarding the definition of “dependent.” The proposal reflects statutory changes by the Working Families Tax Relief Act of 2004 (WFTRA) and the Fostering Connections to Success and Increasing Adoptions Act of 2008 (FCSIAA). The IRS on Jan. 19 withdrew proposed regulations issued in 2000…
WASHINGTON — 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 EITC is a federal income tax credit for workers who don’t earn a high income ($53,505 or less for 2016) and…
