Security The IRS has suspended the online tool used to retrieve Identity Protection (IP) PINs, a six-digit number needed by victims of tax refund fraud to file their taxes electronically, after reports that the system suffered the same security weakness that
Category: Tax News
You Can File Taxes Without 1095-B or 1095-C
You do not have to wait for either Form 1095-B or 1095-C from your coverage provider or employer to file your tax return. Other forms of documentation in lieu of the Form 1095 information returns can be used as proof
Delayed IRS Tax Processing
The Internal Revenue Service tax-processing systems have suffered a hardware failure and tax processing could be affected into Thursday. “The IRS experienced a hardware failure this afternoon affecting a number of tax processing systems, which are currently unavailable,” said the
Sign Up for Healthcare.gov Reminders
3 ways to get information for 2016 health care coverage With 2016 Open Enrollment starting November 1, 2015, it’s a great time to sign up for reminders and updates from the Health Insurance Marketplace about 2016 coverage.
IRS Tax Scams – Don’t Be A Victim
Don’t Fall for New Tax Scam Tricks by IRS Posers Though the tax season is over, tax scammers work year-round. The IRS advises you to stay alert to protect yourself against new ways criminals pose as the IRS to trick
IRS Letters 5591 and 5596 – Premium Tax Credit
The IRS began mailing out Letter 5591 to those taxpayers who received the Advanced Premium Tax Credit (APTC) and who should have received a 1095-A, but who have not filed either a tax return including Form 8962 or an extension.
California Earned Income Tax Credit (EITC)
Governor Brown recently signed into law the state’s first ever EITC to help California’s poorest working families. The California EITC complements the federal EITC by providing a refundable tax credit for the lowest income California households. The credit will be
Filing Deadlines Related to Foreign Income and Assets
All U.S. citizens and residents must report worldwide income on their federal income tax return. If you lived outside the U.S. on the regular due date of your tax return, the extended filing deadline for your 2014 tax return is
Consumer Alert: Affordable Care Act Tax Returns
Affordable Care Act Consumer Alert: Choose Your Tax Preparer Wisely The IRS urges taxpayers to choose their tax professional carefully as reports are coming in from around the country describing unscrupulous preparers who instruct their clients to make individual shared
IRS “Dirty Dozen” Tax Scams for 2015
2015 Dirty Dozen WASHINGTON — The Internal Revenue Service wrapped up the 2015 “Dirty Dozen” list of tax scams with a warning to taxpayers about aggressive telephone scams continuing coast-to-coast during the early weeks of this year’s filing season. The