WASHINGTON – The Internal Revenue Service, state tax agencies and tax industry leaders today warned tax professionals to be alert to an email scam from cybercriminals posing as clients soliciting their services. A new variation of this phishing scheme is targeting accounting and tax preparation firms nationwide. The scheme’s objective is to collect sensitive information…
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The Internal Revenue Service issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 53.5 cents per mile for…
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Es un requisito del gobierno para agregarlo en la declaración de impuestos y obtener una deducción tributaria. 1/11 Quienes pagan impuestos federales en EEUU pueden incluir a sus dependientes en el extranjero siempre y cuando cumplan con los requisitos. Te explicamos lo que debes hacer para agregarlos como deducciones impositivas que podrían beneficiarte en el…
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The US Internal Revenue Service (IRS) has issued an updated version of its Refund Information Guidelines for the Tax Preparation Community publication, adding information on the expected delays to tax refunds in the 2017 filing season. The 2017 tax season will begin on January 23. However, the IRS reminded taxpayers that, while it anticipates issuing…
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The Internal Revenue Service said Thursday it expects to hold tax refunds for taxpayers this year claiming the earned income tax credit and the additional child tax credit until Feb. 15 to give the agency more time to detect fraud. The refunds likely won’t arrive on taxpayers’ bank accounts until the week of Feb. 27.…
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If it’s January, it must be income-tax preparation season. Oh joy. As one who’s been the victim of a tax scam, I’m doing my homework to avoid problems. Thieves are stealing tax information and filing for fake refunds year round. It’s a big business and they are constantly trying to plunder your tax records. It’s…
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WASHINGTON — The Internal Revenue Service and partners from the states and tax industry today reminded taxpayers that the nation’s 2017 individual income tax filing season opens Jan. 23. The IRS expects more than 153 million tax returns to be filed this year and taxpayers have until Tuesday, April 18, 2017, to file their 2016…
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As President-elect Trump prepares for his term in office, Republicans in Congress have stumbled out of the gate with an ill-advised attempt to gut an independent ethics office that investigates House lawmakers and staff accused of misconduct. But if the GOP is looking for an easy victory that could put the Democrats on their heels,…
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Investing.com — Congressional Republicans are moving forward with a landmark regulatory reform that would strip federal government agencies of their most powerful tool — the power to broadly interpret federal laws. The new U.S. Congress was sworn in yesterday afternoon, a few weeks before President-elect Donald Trump takes power. Though repeal of Obamacare has grabbed…
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Some, but not all of your Forms 1099-MISC, must be provided to payees and filed with the IRS by Jan. 31, 2017. Your goal: to file all of your 1099-MISC forms accurately the first time. Here are some last minute tips you might find useful. Sift and separate Forms 1099-MISC on which you’re reporting nonemployee…
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