The IRS has Established a New and Formal Process for Victims of W-2 Compromise Scams to Report the Incident to IRS. The IRS has established a process that will allow businesses and payroll service providers to quickly report any data losses related to the W2 scam currently making the rounds. If notified in time, the…

Treasury Inspector General for Tax Administration, Office of Audit determines, Inconsistent Processes and Procedures Result in Many Victims of Identity Theft Not Receiving Identity Protection Personal Identification Numbers. IMPACT ON TAXPAYERS To provide relief to identity theft victims, the IRS began issuing Identity Protection Personal Identification Numbers (IP PIN) to eligible taxpayers in Fiscal Year…

March 25 is the 84th day of the year (85th in leap years) in the Gregorian calendar. There are 281 days remaining until the end of the year. On this date in 1965 civil rights activists led by Martin Luther King Jr. successfully complete their 4-day 50-mile march from Selma to the capitol in Montgomery,…

Was your income tax refund taken or less than expected? The Treasury Offset Program can use all or part of your federal refund to settle certain unpaid federal or state debts, to include unpaid individual shared responsibility payments. The Department of Treasury’s Bureau of the Fiscal Service, or BFS, runs the Treasury Offset Program. The…

Taxpayers who have adopted or tried to adopt a child in 2016 may qualify for a tax credit. Here are a few important things about the adoption credit: The Credit The credit is nonrefundable, which may reduce taxes owed to zero. If the credit exceeds the tax owed, there is no refund of the additional amount. In…

IMPACT ON TAXPAYERS The Digital Accountability and Transparency Act of 2014 (DATA Act) establishes Government-wide standards that are designed to provide consistent, reliable, and searchable Government-wide Federal agency spending data that are available to taxpayers.  In addition to summary level information reporting, transaction level information is reported for spending on Federal contracts, grants, and loans. …

WASHINGTON – The Internal Revenue Service, state tax agencies and the tax industry today warned both tax professionals and taxpayers of last-minute phishing email scams, especially those requesting last-minute deposit changes for refunds or account updates. As the 2017 tax filing season winds down to the April 18 deadline, tax-related scams of various sorts are…

Here’s our telephone traffic report for last week. Date Incoming Outgoing Total 3/13/2017 84 81 165 3/14/2017 100 82 182 3/15/2017 81 120 201 3/16/2017 57 77 134 3/17/2017 54 109 163 3/18/2017 28 56 84 TOTALS 404 525 929