A vote to repeal the penny per ounce soda tax took place in Chicago with The Cook County Board of Commissioners on Wednesday.
Taxes
The wildfires in California continue to spread and estimates suggest that 100,000 people were under evacuation orders. Some good news is
URGENT: As of June 21st the IRS has reopened their PTIN system. Tax Professionals are now able to apply for and renew their PTINs… free of charge.
The IRS is on the road again, and so are we! On July 11, 2017, IRS Nationwide Tax Forums will begin.
“On June 1, 2017, the United States District Court for the District of Columbia upheld the Internal Revenue Service’s authority to require the use of a Preparer Tax Identification Number (PTIN), but enjoined the IRS from charging a user fee for the issuance and renewal of PTINs.
On June 18th the IRS will be making a change to its e-Services platform to what should be a more secure and modern format.
Adobe Digital Insights just released a report titled “Tax Day 2017”. The report goes over data collected from billions of consumers between 2014-2017.
There are a lot of factors that websites and analysts have cited for the ever increasing number of last minute tax filings, and those numbers are pretty shocking.
46% — That’s the drop in number of people who reported fraud during the 2016 tax season.
The Internal Revenue Service recently announced that it will be working with four private collection agencies for certain overdue federal debts.
In August, the IRS announced changes to the ITIN program that stem from the Protecting Americans from the Protecting Americans from Tax Hikes (PATH) Act that was signed into law in December of 2015. Renewals began in October for ITINs that have not been used on a federal tax return over the past three years, as well as ITINs that were issued prior to 2013.
“Hispanics represent about 17 percent of the nation’s total population, making them the nation’s largest ethnic or racial minority. According to the Federal Deposit Insurance Corporation, Spanish-only speaking households are five times less likely to use a bank or credit union.”
