Dangerous W-2 Phishing Scam Evolving Schools, Resta

Dangerous W-2 Phishing Scam Evolving Schools, Resta

Taxes

The Internal Revenue Service, state tax agencies and the tax industry issued an urgent alert today to all employers that the Form W-2 email phishing scam has evolved beyond the corporate world and is spreading to other sectors, including school districts, tribal organizations and nonprofits.

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IRS Says 2017 Tax Filing Season Opened Successfully And On Schedule

IRS Says 2017 Tax Filing Season Opened Successfully And On Schedule

Taxes

It's the first day of the 2017 tax season. The Internal Revenue Service (IRS) is now accepting and processing 2016 federal individual income tax returns - and so far, according to IRS, they're on schedule.

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 Trump Signs Executive Order To Roll Back Obamacare

Trump Signs Executive Order To Roll Back Obamacare

Health

US President Donald Trump signs an executive order as Vice President Mike Pence looks on at the White House in Washington, DC on January 20, 2017.

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Federal Agents Arrest 20 in International IRS Scam with Ties to India

Federal Agents Arrest 20 in International IRS Scam with Ties to India

Taxes

Federal authorities have arrested nearly two dozen people across the United States -- and charged more overseas -- in connection with a far-reaching IRS scam that used fear and intimidation to deceive victims.

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Taxpayers Should Remain Alert As Another Bogus IRS Email Hits Inboxes

Taxpayers Should Remain Alert As Another Bogus IRS Email Hits Inboxes

Taxes

With all of the media coverage focusing scammers posing as IRS agents by phone, it may be tempting to let your guard down and assume that the scammers are on the run.

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New Jersey has ended a nearly 40-year-old reciprocal tax agreement with Pennsylvania

New Jersey has ended a nearly 40-year-old reciprocal tax agreement with Pennsylvania

Taxes

New Jersey has ended a nearly 40-year-old reciprocal tax agreement with Pennsylvania effective Dec. 31, 2016. The agreement allows commuters to pay income tax to the state where they live, rather than the state where they work.

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 IRS Announces Relaxed Retirement Plan Rules For Victims Of Hurricane Matthew

IRS Announces Relaxed Retirement Plan Rules For Victims Of Hurricane Matthew

Taxes

The Internal Revenue Service (IRS) has announced that 401(k)s and similar employer-sponsored retirement plans, including 403(b) and 457(b) plans, can make loans and hardship distributions to victims of Hurricane Matthew and members of their families. As a result, participants of these plans may be eligible to take advantage of certain streamlined loan procedures and relaxed hardship distribution rules.

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PTIN class action lawsuit affects all Tax Return Preparers

PTIN class action lawsuit affects all Tax Return Preparers

Legal

Tax practitioners across the country have started receiving emails notifying them that if they do not opt out, they will be included in the class of plaintiffs in a lawsuit that is currently pending before the U.S. District Court for the District of Columbia.

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Hamilton, Other Tony Award Winners Want Longer Tax Break

Hamilton, Other Tony Award Winners Want Longer Tax Break

Taxes

In December, our current Congress voted in a tax break for The Great White Way. As part of the Protecting Americans from Tax Hikes (PATH) Act 2015, also known as the Extenders Bill, Congress not only extended the expensing provision for qualified film and television through 2016 but added live theater productions to the mix.

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IRS Announces Significant Arrests In Massive IRS Phone Scam

IRS Announces Significant Arrests In Massive IRS Phone Scam

Taxes

Scammers are still targeting taxpayers. Nearly 6,400 victims have collectively paid over $36.5 million to scammers posing as Internal Revenue Service (IRS) officials since October of 2013. Over that same time period, the Treasury Inspector General for Tax Administration (TIGTA) has received reports of roughly 1.2 million calls made to taxpayers demanding that they send cash to resolve outstanding tax liabilities. The average amount of money lost in the scam is $5,700.

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