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…

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…

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…

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…

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.…

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…

WASHINGTON — The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Oct. 1, 2016.  The rates will be: • four (4) percent for overpayments (three (3) percent in the case of a corporation); • 1 and one-half (1.5) percent for the portion of a corporate overpayment…

In Search of the Bluebird of Happiness With the passing of the Labor Day Weekend, we know our summer will soon be coming to an abrupt end. Fall is in the air, even though it is still quite hot. I’ve been contemplating a vacation trip to Ireland for some time now, but we missed any chance to…

IRS Announces 16 New Members for the Electronic Tax Administration Advisory Committee (ETAAC) The Internal Revenue Service announced the selection of 16 new members of the Electronic Tax Administration Advisory Committee. Our Alabama Revenue Commissioner, Julie Magee, was one of the sixteen chosen. Julie Magee was appointed Alabama Revenue Commissioner in January 2011. During her…