You are not alone. Nearly everyone is affected by the Affordable Care Act and will need to do something new when filing their taxes this year. Starting with this year’s filing season, taxpayers must report certain information related to health care coverage on their 2014 tax return when they file this April. Click here to… Read More

An aggressive and sophisticated phone scam targeting taxpayers, including recent immigrants, has been making the rounds throughout the country. Callers claim to be employees of the IRS, but are not. These con artists can sound convincing when they call. They use fake names and bogus IRS identification badge numbers. They may know a lot about… Read More

IRS released Rev. Proc. 2015-20 after it was bombarded with requests for clarification as to when, or if, Federal Form 3115 (Application for Change in Accounting Method) had to be filed with tax returns filed for tax year 2014 when a company modified its accounting methods to comply with the Repair & Capitalization Regulations issued… Read More