If you got married, had a baby, went through a divorce, picked up a side gig or were widowed in 2016, there was a lot to keep track of. One of the biggest items is to tell the IRS. In all of those situations, there are important tax consequences to your return. Here’s a look…
Details
Across the nation, shops and restaurants closed in solidarity Thursday while others braced for a possible shutdown for lack of enough employees as a “Day Without Immigrants” unfolded to underscore how much migrants form the lifeblood of the country’s economy and social structure. Immigrants in Washington, D.C., Philadelphia, Austin, Texas, and other major U.S. cities planned to stay…
Details
A nationwide strike dubbed a “Day Without Immigrants” cast a spotlight on the role of foreign-born workers in the American economy. The walkout at some businesses comes amid a feverish debate over undocumented immigration, foreign trade and President Trump’s temporary travel ban on people from several majority-Muslim nations. Here are 10 key things you should…
Details
WASHINGTON (NEWS10) – The IRS says it will not reject tax returns that do not include Obamacare disclosures during the time of filing. On January 20, President Donald Trump signed an executive order that directed federal agencies to exercise authority and discretion available to them to reduce potential burden. The IRS says it is currently…
Details
WASHINGTON — The Internal Revenue Service today said avoiding taxes by hiding money or assets in unreported offshore accounts remains on its 2017 list of tax scams known as the “Dirty Dozen.” Since the first Offshore Voluntary Disclosure Program (OVDP) opened in 2009, there have been more than 55,800 disclosures and the IRS has collected…
Details
Leave it to criminals to prey on people’s fears. The media coverage of the recent national crackdown on illegal immigration has given rise to a fraudulent immigration scam, New York Attorney General Eric T. Schneiderman said Wednesday. The scam involves fake Immigration and Customs Enforcement agents demanding money from immigrants to avoid deportation, the attorney…
Details
For most people these days, tax return preparation is done by someone else. The IRS statistics bear this out. According to IRS data, most U.S. taxpayers used paid preparers. Even lawmakers who pass the tax laws generally do not–or cannot–prepare their own tax returns. With over half our returns being prepared by someone else, it…
Details
WASHINGTON – The Internal Revenue Service said mid-February marks the agency’s busiest time of the year for telephone calls. The IRS is reminding taxpayers who have questions about their tax accounts to be prepared to validate their identity when speaking with an IRS assistor. This will help avoid the need for a repeat call. The…
Details
WASHINGTON – For the third consecutive year, the IRS places abusive micro-captive insurance tax shelters on its list of “Dirty Dozen” tax scams. The list, compiled annually, describes a variety of common scams that taxpayers may encounter. Many of these schemes peak during filing season as people prepare their returns or hire others to help…
Details
Latino immigrants across Washington plan to skip work on Thursday as part of a “Day Without Immigrants” campaign aimed at showing their economic power and protesting Donald Trump‘s immigration policies. In the meantime, many restaurateurs are scrambling to figure out exactly how many employees will be participating in the strike. Some restaurants are preparing to close for the…
Details