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IRS to Contract with Four Agencies – New Private Debt Collection Program to Begin Next Spring
The Internal Revenue Service announced today that it plans to begin private collection of certain overdue federal tax debts next spring and has selected four contractors to implement the new program. Here We Go Again! The new program, authorized under a federal law enacted by Congress last December, enables these designated contractors to collect, on…
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Newly Married Couples Should Report Marriage to Marketplace
If you’re recently married, you probably have a list of things to do. There’s one other thing you should add to that list: a health insurance review. This is particularly important if you enrolled in coverage through a Health Insurance Marketplace and you receive premium assistance in the form of advance payments of the premium…
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Saturday Football
Who’s your favorite college team playing today? Here’s my picks to watch … Alabama plays Kent State at 11:00 on ESPN Georgia plays Ole Miss also at 11:00 on SEC Network Auburn plays LSU at 5:00 on ESPN Florida at Tennessee at 2:30 on ESPN. College Game Day will be there for the first time…
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IRS Warns of Fake Tax Bill Emails
IRS and Security Summit Partners Warn of Fake Tax Bill Emails The Internal Revenue Service and its Security Summit partners today issued an alert to taxpayers and tax professionals to be on guard against fake emails purporting to contain an IRS tax bill related to the Affordable Care Act. The IRS has received numerous reports…
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Expanded Work Opportunity Tax Credit
IRS Urges Employers to Take Advantage of Expanded Work Opportunity Tax Credit With a key certification deadline fast approaching, the Internal Revenue Service today urged employers to take advantage of a valuable tax credit designed to help those who hire long-term unemployment recipients, certain veterans, recipients of various kinds of public assistance and other workers…
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Goodbye Summer, Hello Fall 2016!
Summer 2016 Was Record Hottest in 45 U.S. Cities June through August was the hottest such period on record for almost four dozen cities. The number of records set was most numerous in the Southeast. Among those tying or breaking their previous hot summer record in 2016 were: Charleston, New Orleans, Tallahassee and West Palm…
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Divorce, Separation and Taxes
Many married taxpayers choose to file a joint tax return because of certain benefits this filing status allows. Both taxpayers are jointly and individually responsible for the tax and any interest or penalty due on the joint return even if they later divorce. This is true even if a divorce decree states that a former…
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Matthew Pankey, Speaking on Cyber Security
I attended the 2016 Citizens Business Summit at the Guntersville State Park Lodge on Wednesday September 14th. The event was put on by Citizens Bank and Trust. It was interesting to note that 90% of the hacks, viruses, malware and ransomware are initiated by a person clicking on a link that they should have avoided.…
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iPhone 7 Comes Out Today!
iPhone 7 dramatically improves the most important aspects of the iPhone experience. It introduces advanced new camera systems. The best performance and battery life ever in an iPhone. Immersive stereo speakers. The brightest, most colorful iPhone display. Splash and water resistance. And it looks every bit as powerful as it is. iPhone is the most…