Year-end tax legislation renews extenders, cuts IRS funding Eleventh-hour votes in Congress in December renewed a package of tax extenders for 2014, created new savings accounts for individuals with disabilities, cut the IRS’ budget, and more. At the same time, the votes helped to set the stage for the 114th Congress that convenes this month.....
We’re well aware that many people let “Tax Planning” slide down to the bottom of their To-Do list when it’s not actually tax season. It’s an “out of sight, out of mind” problem. The issue is: how your tax filing goes for you in the Spring is dependent on the financial choices you make all....
Another note about how to recognize scammers: The [real] IRS will NEVER threaten to bring in local police, immigration officers or other law enforcement to have you arrested for not paying. The IRS also cannot revoke your driver’s license, business licenses or immigration status. Threats like these are common tactics that criminals use to trick....