If you are like the vast majority of Americans, you employ some tax “professional” to assist you in filing your taxes or in handling disputes with the IRS. However, have you ever stopped to consider whether the person you entrust with all of your financial information is actually worthy of that trust?
Read MoreIRS tax scammers are still at it. This time, Obamacare customers are being targeted as the enrollment for 2017 coverage under the Affordable Care Act has begun and despite the IRS's continued warnings to consumers about these tax scams and the penalties if people choose not have health insurance.
Read MoreIf you are a tax preparer, what should you do right now to protect yourself from an IRS investigation later? First, retain electronic copies of your records; Second, train your employees concerning an IRS raid, and; Third, consider making changes to how you review a tax return with a taxpayer.
Read MoreEveryone hates taxes. Whether it be preparing taxes, filing taxes, or paying taxes, the only light at the end of the tunnel (obviously besides avoiding penalties and possible jail-time) is a possible tax refund.
Read MoreTaxpayers frequently seek out accountants to do their taxes over other tax preparers, often without knowing quite why. This Part 2 of the Guide to Tax Professionals explains what a CPA is and why having a CPA do taxes can be beneficial.
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