by Kevin Thompson | Tax Blog
Retirement isn’t for everyone. It turns out many retirees aren’t satisfied with the way it’s been going for them. The Employee Benefit Research Institute did a study between 1998 and 2012. They interviewed the same 20,000 retirees every 2 years. Here is what they...
by Kevin Thompson | Tax Blog
The IRS’s online Get Transcript app (GTA) (https://www.irs.gov/individuals/get-transcript) experienced a data breach during tax season that is still affecting taxpayers, according to a report released by the Treasury Inspector General for Tax Administration (TIGTA)....
by Kevin Thompson | Tax Blog
The Senate Finance Committee has been trying to decide whether or not to give the IRS the authority to regulate tax preparers. Senator Elizabeth Warren and others have proposed that the IRS be required to fill out simple tax returns. That would deal the “Free File...
by Kevin Thompson | Tax Blog
Many taxpayers use “do it yourself” tax software to file their income tax returns. However, a fair amount makes a mess of it and pay the price when they make mistakes. It’s not unusual for tax preparers to receive calls from clients asking them to fix their messed up...
by Kevin Thompson | Tax Blog
Do you think the IRS has been lax on enforcing tax audits lately? Well, think again. They are in the process of hiring 700 new employees, which means there’s more of a chance you will find an audit letter in your mailbox. Kevin E. Thompson, CPA...
