WASHINGTON — The Internal Revenue Service today joined partners across the country to promote the Earned Income Tax Credit on the 11th annual EITC Awareness Day. This campaign, which started 11 years ago, is a nationwide effort to alert millions of low- and moderate-income workers who may be missing out on this significant tax credit.…
Details
President Trump’s plan to enlist local police and sheriff’s departments in immigration enforcement has set the stage for a pitched battle with California officials who have long prioritized building ties with immigrant communities. Trump’s plan, which was issued Wednesday as part of a pair of executive orders, seeks to broaden the reach of federal immigration authorities…
Details
Q: What tax scams should I be watching out for this year? A: Many in the cybersecurity business refer to tax season as “Christmas for Criminals,” because of the amount of sensitive personal information that will be in circulation. The IRS reported a nearly 400 percent surge in phishing and malware incidents in the 2016…
Details
The IRS wants taxpayers with disabilities and the parents of children with disabilities to be especially aware of whether they qualify for the EITC. People with disabilities are often concerned that a refund will impact their eligibility for one or more public benefits, including Social Security disability benefits, Medicaid and Food Stamps. Refunds, including refunds…
Details
WASHINGTON – The Internal Revenue Service, state tax agencies and the tax industry today renewed their warning about an email scam that uses a corporate officer’s name to request employee Forms W-2 from company payroll or human resources departments. This week, the IRS already has received new notifications that the email scam is making its…
Details
ASHLAND, Ky. (WSAZ) — Tuesday was Day 2 of tax filing season and that means scammers are out in force, working the phone lines, trying to get your personal data and your refund. As WSAZ has already reported, it’s such a concern that Congress has pushed back the refunds until late February for more than…
Details
It’s that time of year again, when IRS Forms 1099 arrive. Perhaps no one likes IRS Forms 1099 except the IRS. The agency loves them, because they allow for the easy computer matching of Form 1099 data against tax returns. Businesses may not like sending the forms out, but there are penalties for failing to issue them. Besides, no…
Details
The year 2016 will go down in history for many reasons. For those who got married, had a baby, went through a divorce, picked up a side gig or were widowed, there are important tax consequences that need to be remembered as well. You need to let the IRS know of any major changes on…
Details
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…
Details
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…
Details