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Latest Tax Alerts

Check out the latest tax alert section of our website, full of links and articles for professional and personal tax news. Read More


A Story of Love
(and Accounting), Alumna Reflects on Meeting Husband in the Accounting Society

Some people find love in the strangest places. ... Read More


Congressional leaders highlight tax reform proposals

As the new administration and Congress get ... Read More


How do I?...claim the federal fuel tax credit

The first step is to determine if you qualify ...
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FAQ...I received a letter from the IRS inquiring about a suspicious return

Tax-related identity theft spikes during the filing season. ...
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March 2016 tax compliance calendar

March 2017 tax compliance calendar ...
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Tax scams proliferate during filing season

 

Andrew Presti, Senior Partner 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 allows criminals to file fraudulent returns and claim bogus refunds.

Phone scams

Phone and email scams are among the most common scams. Every day, individuals receive calls and emails from criminals pretending to be IRS employees. Scammers often alter caller ID numbers to make it look like the IRS or another agency is calling. Criminals use IRS employee titles and fake badge numbers to appear legitimate. They may also ... Read More




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

 

Salvatore Russo, Partner 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 season currently underway to improve things (TIGTA, Ref. No. 2017-40-014). Nevertheless, although the IRS had improved in a number of areas with respect to the 2016 filing season, TIGTA reports that the agency continues to be plagued by numerous challenges.

The overarching objective of TIGTA’s review of the previous filing season is to assess whether the IRS timely and accurately processed individual paper and e-filed tax returns during the 2016 filing season. Although the IRS ... Read More




    



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