Tax preparers do a big chunk of America’s tax returns — more than 80 million a year, according to the IRS — but if you’re nervous about handing confidential information to someone in a largely unregulated field, you’re not alone. Here are some tips to help you find a good tax preparer and reduce the…
WASHINGTON – The Internal Revenue Service’s battle against fraud and identity theft is intensifying as the tax filing season opens, and some of the neediest taxpayers are getting caught in the middle. The agency is barred from issuing refunds before Feb. 15 on any returns claiming the Earned Income Tax Credit or the Additional Child…
MONDAY, Jan. 16, 2017 (HealthDay News) — Even as Republicans in Congress race to repeal the Affordable Care Act, the IRS is reminding millions of Americans they still need to sign up soon for health insurance if they don’t want to pay fines. The Internal Revenue Service enforces one of the most disliked parts of…
Which of the following is a scam? — You get a phone call saying you owe money to the Internal Revenue Service and should pay by way of an iTunes card. — A caller says she is an IRS official demanding immediate payment of overdue taxes, and the number on your caller ID appears to…
Ready to file your tax return? Here are 10 quick facts about the upcoming tax season that you need to know: 1. Tax season opens on January 23, 2017. Taxpayers who e-file can submit returns to their software provider or tax professional before that date, but the returns will not be accepted by IRS until…
A lot of taxpayers who expect refunds will find themselves in a bind this year amid delays in payouts. That has prompted a jump in loans to tide over people due refunds — with the tax preparers doing the lending. Refund lending is a controversial practice. For a loan to help those waiting for refunds,…
YOUNGSTOWN, Ohio (WKBN) – Tax season is here, and this year there’s a lot of talk about whose tax refund will be delayed. The concern comes after a report earlier this week that more than 40 million low-income families may have their refund checks delayed because of ramped up efforts to stop identity theft and fraud.…
WASHINGTON – As the start of tax filing season approaches, the Internal Revenue Service is reminding taxpayers to start thinking about who will prepare their 2016 federal tax return. The IRS will begin processing tax returns on Monday, January 23. Many software companies and tax professionals will accept and submit tax returns before the IRS…
The IRS is delaying tax refunds for low-income and middle class families this year due to plans by the federal agency to enhance identity fraud and theft reviews. More than 40 million low-income and working class American families will be impacted by the new IRS policy. American families who are claiming the earned income tax…
The key to stopping scammers is staying one step ahead of the bad guys. That’s why the Internal Revenue Service (IRS), together with state tax agencies and tax industry partners, are warning tax professionals about a new scam this tax season. As part of the scam, cybercriminals are posing as clients soliciting services from tax…
