Could Your Tax Debt Lead to Passport Revocation?

passport revocationAs the end of the year approaches, Congress is considering different policies and taxes. One of the issues on the table right now is what to do about those who owe a large amount of tax debt. Right now, lawmakers are considering the idea of limiting an offender’s […]

IRS Budget Cuts Mean Fewer Audits, Worse Taxpayer Service

irs budget cuts and auditsThe IRS has seen budget cuts in recent years, and that is taking its toll on the agency. While many taxpayers might breathe a sigh of relief at the idea that they may not be audited, the reality is that a small budget also means worse taxpayer service.

Fewer Tax Audits in Recent Years

Tax […]

2016 Tax Brackets and More from the IRS

2016 tax changesNot too long ago, the IRS released the latest information for 2016 tax brackets. This is the information you’ll use when you file your taxes in 2017. However, even though these numbers won’t be used when you file your 2015 taxes in the coming months, understanding some of these changes now can help you […]

November 9th, 2015|Tax News|0 Comments

Crackdown on Tax Fraud Coming in 2016

catching tax fraudAll forms of fraud are a matter of course in today’s world. Tax fraud is one of those things that has been on the rise in recent years. However, even as scammers try new techniques, the IRS and others are working to find new ways to detect fraudulent returns.

One of the reasons it’s so […]

What to Look for in This Year’s Tax Extenders Bill

It’s become a yearly ritual: Toward the end of the year, members of Congress put together a bill designed to extend tax breaks that have extenders bill

Last year, Congress passed a tax extender bill for 2014 that retroactively extended certain breaks that expired in 2013 through 2014. That move meant that tax-year 2014 enjoyed […]

October 28th, 2015|Tax News|0 Comments