Filing your next tax return is probably the furthest thing from your mind right now. But you might want to give it at least a little attention. It’s only September, but in case you haven’t heard there was a massive data breach recently and nearly half of the entire country was likely affected. 143 Million People Potentially ... Read More
Tax News
New Phishing Scam Taking Dead Aim at Tax Pros
It’s no secret that scammers continuously prey on innocent victims in an effort to steal their tax records. In many cases, they even commit identity theft by accessing their personal information. Scammers prey on anyone they can but often focus on the elderly, who can be more vulnerable to these types of attacks. Furthermore, ... Read More
What’s the Deal With the IRS’s New Tax Liability Collectors?
This spring, the IRS started working with some private liability collection companies. The program is in its early stages, but there are already reports of problems. If you owe money and you've received a call, here's what you need to know. Scams Versus Legitimate Liability Collectors Currently, there are scam artists who call ... Read More
What Does the New Colorado “Amazon” Tax Mean for You?
Who doesn’t love Amazon? Except for a few holdouts that still don’t feel safe sharing their personal payment information online, and a few others that think the Internet is really just a big front for the government to spy on us (apologies if you’re in this category, but if you are then you won’t see this anyways), everyone ... Read More
Is it Time To Fight Obesity With Taxes?
The world is growing. That’s stating the obvious, but actually I’m referring to the world’s waistline. Countries all over the globe are experiencing an increase in the number of obese residents and the problem appears to continually be getting worse instead of better. In the U.S. alone it has been reported that 38 percent of all ... Read More
Will IRS’s Use of Liability Collectors Open Door to New Problems?
No one wants to receive a call out of the blue from the IRS, but perhaps an even worse call is one that comes from a liability collector. Liability collectors have a terrible reputation and in most cases, it’s a reputation that they have rightfully earned. Now just imagine getting a call from a liability collector that is ... Read More
Tax Season Begins This Month – Are You Ready?
January signifies a lot of things, but one of the most common things associated with every New Year is resolutions or goals. People make a lot of different resolutions every year, with some of the most typical ones being weight loss, exercising more, eating better and spending more time with loved ones to name just a few. One ... Read More
Apple Could Be Facing Some Tax Troubles in Ireland
Apple, Inc. is a hugely successful company, with some of the most popular products in the world. It’s no surprise that Apple does very well financially, including racking up more than $182 billion in revenue in 2014. So whether you drink the “Apple juice” or not, there’s no arguing that the company is great at what it does. ... Read More
Why Is Clinton Pushing a Tax She Does Everything to Evade?
When it comes to the estate tax, most people wish they could avoid it like the plague, or even as much as death itself. The estate tax, or the death tax as it is often referred, has long been a controversial topic on Capitol Hill, with lawmakers on both sides arguing for or against it to varying degrees. While most republicans ... Read More
Can Employee Business Expenses Form 2106 Save on Taxes?
Have you ever had to purchase something for work but your employer didn’t reimburse for you it? Do you have to use your vehicle for work-related purposes, other than your commute to the office and back? What about any office supplies you need, or perhaps specific clothing or footwear that is a requirement for your job? There are ... Read More
The Hidden Cost of Travel Taxes: What You Should Know
Who doesn’t love a great family vacation? A bunch of restless kids crammed in a car that’s too small, for way too many hours. Likewise, you get to enjoy moody teenagers that only stop looking at their electronic devices when they have something negative to say about your family vacation and small children who have to go to the ... Read More
Washington State Raking in the Dough from Marijuana Tax
If you live in a state where marijuana is still illegal then you might not even know that several states have actually made the drug legal in the past year or so. While 23 states have made marijuana legal for medicinal purposes, otherwise known as medical marijuana, four states and the District of Columbia have legalized ... Read More
