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Tax News
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IRS extends Oct. 15 and other upcoming deadlines, provides other tax relief for victims of Tropical Storm Imelda
WASHINGTON – Victims of Tropical Storm Imelda in parts of Texas, including the Houston area, have until Jan. 31, 2020, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today. The IRS is offering this relief to any area designated by the Federal Emergency Management Agency (FEMA) […]
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Don’t let a ghost preparer put a scare into your tax situation
According to an Internal Revenue Service (IRS) news release (IR-2019-09), taxpayers are warned to avoid using the services of tax return preparers who may be unscrupulous, particularly those who may be acting as “ghost” preparers. The term “ghost preparer” means a person who prepares an income tax return for compensation but does not digitally or […]
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2018 Year-End Tax Planning
Tax Cuts and Jobs Act Creates New Planning Opportunities Year-end 2018 presents challenges and opportunities for tax planning that have not been present before. The Tax Cuts and Jobs Act (TCJA) is the most significant tax legislation in over 30 years. Just about every taxpayer of every type is affected by the changes to the […]
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IRS Scams: IRS Sets the Record Straight
To help taxpayers avoid scams in which criminals impersonate IRS employees, the IRS has published a Fact Sheet setting out the ways it does, and does not, contact taxpayers. Since 2013, the Treasury Inspector General reports that more than 10,000 victims have collectively paid over $54 million to scammers posing as IRS officials. IRS impersonation […]
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