TAX PRO PLUS LA

Not Business As Usual For Employers: W-2 and 1099-MISC Filing Dates Moved Up

The IRS, in an effort to combat rampant tax filing fraud, has introduced what they hope will be two new fraud-prevention measures for the upcoming filing season. The first will purposely delay until February 15 the issuance of refunds for tax returns where there is an earned income tax credit (EITC) and/or a refundable child tax credit (CTC), giving the IRS more time to match the income reported on these returns to the income reported by employers. These two tax credits have been the favorite target of scammers who have been filing fraudulent returns with stolen IDs and fabricated income before the IRS is able to verify the income and withholding claimed on the returns.

more »

Take Advantage of the Annual Gift Tax Exemption

Have you tried this year-end strategy?

more »

Have a Worthless Stock You Want to Write Off for 2016? Action May be Needed by Year-End

If you are like most investors, you occasionally will pick a loser that declines in value. Sometimes, a security can even become worthless when the issuing company goes out of business.

more »

Are you making the most of education tax credits?

Do you qualify for the American Opportunity or Lifetime Learning tax credits?

more »

Have you ever thought about pre-paying your taxes?

With year-end upon us, you might want to look at pre-paying 2017 taxes in 2016.

more »