IRS Identifies Five Ways to Spot Scam Phone Calls

The IRS has issued a consumer alert providing taxpayers with additional tips to protect themselves from telephone scam artists calling and pretending to be with the IRS. These callers may demand money or may say the taxpayer has a refund due and try to trick the person into sharing private information. These con artists can […]

New IRS YouTube Video Discusses Taxpayer Bill of Rights WASHINGTON ― The Internal Revenue Service today released a new YouTube video encouraging taxpayers to learn about the Taxpayer Bill of Rights. The video, featuring IRS Commissioner John Koskinen, provides information to taxpayers about their rights under the nation’s tax laws. “I’m pleased that we now have a Taxpayer Bill of Rights, which lays […]

IRS Reminds Parents and Students of College Tax Credits

IRS Reminds Parents and Students of College Tax Credits (IR-2014-90) The IRS issued a reminder to parents and students of the various college tax credits and education-related tax benefits for the tax years 2014 and beyond. The American Opportunity Tax Credit generally offers the greatest tax savings of the credits and deductions that are available for eligible students. The […]

California—Property Tax: Taxable Values May Rise More Than 2%

California—Property Tax: Taxable Values May Rise More Than 2% California homeowners who saw lower property tax bills in recent years may receive much larger property tax bills than anticipated in 2014. When the housing market crashed, Proposition 8 enabled some homeowners to receive significant temporary assessment reductions that resulted in lower tax bills. As housing prices increase, however, a […]

What Entities Will the IRS Target for 2014 and 2015 Audits?

Western CPE has provided us with the following important update on audits during 2014 and 2015.  View the full article at their website at: What Entities Will the IRS Target for 2014 and 2015 Audits? The GAO says that since FY 2010, the IRS has lost 10,000 employees and had its budget cut by $900 […]