Tag Archives: IRS

Beware of Erroneous Tax Refunds!

The IRS has issued some warnings recently about a new scam which seems especially on the rise with more tax professionals having more client data online than ever before. The scammers file a fraudulent tax return – but include the taxpayers’ real bank account information (or if they don’t file for electronic deposit of their […]

Great explanation of the ObamaCare taxes kicking in

Great explanation of the ObamaCare taxes kicking in Two new taxes which are part of the Patient Protection and Affordable Care Act of 2010 (PPA, also called ObamaCare) have taken effect as of January 1.  The first is the new 3.8% Medicare “surtax” on investment income.  Until recently, while investment income was subject to either […]

Ultra-Short Summary of American Taxpayer Relief Act of 2012 (HR8 as amended by the Senate)

American Taxpayer Relief Act of 2012 (HR8 as amended by the Senate) The first two items below directly affect nearly every taxpayer. The third affects anyone with earned income, and the fourth affects every married couple. The rest are much narrower in scope (ie. highest income folks, large estates, etc): All Bush-era tax rates made […]

How to get your prior-year tax information from the IRS

We all file our taxes each year, and dutifully, we each keep copies in our files, right?  You know, along with all the receipts, your copies of your W-2 and 1099s. So what happens if you need some of the information but can’t find it?  The IRS can’t necessarily help with everything – they don’t […]