As part of the Avoid the Rush tax tip series, the IRS yesterday reminded taxpayers about Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) refund delays. In addition to how weekends and Presidents Day fall on the calendar this year, one reason refund checks for returns claiming these credits will be delayed is the Protecting Americans from Tax Hikes (PATH) Act.
Drake Software Wins 7 Categories For the fourteenth year in a row, readers saw the results of the CPA Practice Advisor Readers’ Choice Awards, a poll of more than 6,000 readers covering a wide range of topics: In-Firm Technologies, Small Business Accounting Systems, General Business Technologies, and Out-of-Office. Drake Software performed very well, winning seven categories. Federal/State Income Tax Preparation CPA Practice Advisor indicated...
Some cybercrime doesn’t even take the effort of a hack to make a payday. It’s as easy as shopping online. Computer security journalist Brian Krebs says would-be fraudsters have only to visit an online shop that offers buyers SSNs, stolen credit card numbers and stolen W-2 data on real people.
During the 2016 tax season the IRS and tax preparers alike saw a big spike in phishing and malware incidents. Unfortunately, the 2017 season is shaping up to be more of the same. In fact, the Internal Revenue Service has included these phishing schemes to its “Dirty Dozen” list of the worst tax scams.