Identity theft is a big problem. Taxpayers can encounter identity theft involving their tax returns in several ways. One instance is where identity thieves try filing fraudulent refund claims using another person’s identifying information, which has been stolen. Innocent taxpayers are victimized because their refunds are delayed. Tax-related identity theft occurs when someone uses your… Read More
The December 2015 new “tax extenders” legislation just unveiled by Congress does more than merely extend dozens of expired tax breaks. It also makes several important provisions permanent, with certain modifications, while delaying onerous rules under the Affordable Care Act. Summary of the “Protecting Americans from Tax Hikes (PATH) Act” of 2015 Key Permanent Provisions… Read More