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Brian Whelan

April 2017 tax compliance calendar

April 2017 tax compliance calendar As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important federal tax reporting and filing data for individuals, businesses and other taxpayers for the month of April 2017. April 1 Individuals. Taxpayers who turned 70½ during […]

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Wayne Naegele

Congressional leaders highlight tax reform proposals

Congressional leaders highlight tax reform proposals As the new administration and Congress get to work, tax reform is high on the agenda. Although legislative language has not been yet released, statements from tax writers in Congress shed some light on various proposals. Tax reform House Ways and Means Chair Kevin Brady, R-Texas, has predicted that […]

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Andrew Presti

Tax scams proliferate during filing season

Tax scams proliferate during filing season The filing season is the most active time of the year for tax scams. These scams take every shape and form, ranging from telephone calls to individuals to sophisticated schemes targeting employers and businesses. The goal of all these scams is identity theft. Using legitimate identities of unsuspecting individuals […]

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Salvatore Russo

Lessons-learned TIGTA report points to changes in 2017 filing season

Lessons-learned TIGTA report points to changes in 2017 filing season The Treasury Inspector General for Tax Administration (TIGTA), in its recently released final report for the 2016 filing season, highlighted the IRS’s response to what was good and what was bad about its performance. It signals what the IRS is doing during the 2017 filing […]

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Wayne Naegele

How do I?…claim the federal fuel tax credit

How do I?…claim the federal fuel tax credit The first step is to determine if you qualify for the federal fuel tax credit. The IRS has uncovered significant fraud associated with the fuel tax credit and is watching for fraudulent claims. The credit is not available to most taxpayers but only to qualified taxpayers, such […]

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