Latest Tax News
IRS names its “Dirty Dozen” tax scams for 2015
WASHINGTON — The Internal Revenue Service wrapped up the 2015 “Dirty Dozen” list of tax scams with a warning to taxpayers about aggressive telephone scams continuing coast-to-coast during the early weeks of this year’s filing season.
The aggressive, threatening phone calls from scam artists continue to be seen on a daily basis in... [Read more of this news article]
Obama abandons proposal to axe college savings plans
According to the New York Times, the White House said President Obama will back off from his proposal to effectively end “529” college savings accounts. The plan to eliminate the popular program elicited strong negative reactions from both Republican and Democrat politicians, as well as parents.
White House economists believed taking... [Read more of this news article]
Illinois delays start of tax filing
The Illinois Department of Revenue has announced that Illinois taxpayers won’t be able to file their 2013 income taxes until the end of January — a two-week delay.
The delay follows a similar federal postponement. Refunds and the April 15 filing deadline aren’t affected.
The Internal Revenue Service is delaying the start of the tax-filing... [Read more of this news article]
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