CEDAR RAPIDS, IOWA (JANUARY 19, 2016) BY MICHAEL COHN Tax preparation software developer TaxAct disclosed a data breach, leading the company to suspend the accounts of more than 9,000 customers. The Cedar Rapids, Iowa-based company, part of Blucora Inc., said the data breach affected a small percentage of its customers. “To give you some additional insight, TaxAct...
Read MoreFrom 19 to 70.5, there are a lot of birthdays to pay attention to when it comes to taxes. Read this article to find out what they mean for you. Click here>>>7 Birthdays That Can Change Your Tax Return
Read MoreThe IRS has announced that it has temporarily suspended its online Identify Protection Personal Identification Number (IP PIN) program to look at further strengthening security features of the tool. The IP PIN online program allowed taxpayers, who had received such numbers and then lost or misplaced them, and certain other taxpayers, to retrieve IP PINs online. An...
Read MoreIf you are required to wear a uniform for work, it may be a deduction on your taxes. However, not everything is viewed as a uniform in they eyes of the IRS. No Deduction for Cost of Bartender’s Business Clothes: The taxpayer was employed as a bartender at a high-end restaurant in New York. Although the restaurant did not require its employees to wear a...
Read MoreAccording to recently released IRS examination percentages for the last 10 years, S corporations and partnerships are being audited at higher rates for fiscal year 2015 while large C corporations (assets $10 million and higher) are being audited at the lowest percentage in 10 years—down to 11.15% of returns examined in fiscal year 2015, a decrease of 8.83% from 2014...
Read MoreCEDAR RAPIDS, IOWA (JANUARY 19, 2016) BY MICHAEL COHN Tax preparation software developer TaxAct disclosed a data breach, leading the company to suspend the accounts of more than 9,000 customers. The Cedar Rapids, Iowa-based company, part of Blucora Inc., said the data breach affected a small percentage of its customers. “To give you some additional insight, TaxAct...
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