News
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January 25, 2018
Americans’ financial well-being continues upward trend
Not all of the positive factors were trending up. Although job openings per capita have grown steadily for the past year, available employment opportunities dropped 3% from the prior quarter.
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January 23, 2018
Many Hurricane Victims Qualify for Earned Income Tax Credit; Special Method Can Aid Workers Whose In
To qualify for EITC, an eligible taxpayer must meet basic rules and have earned income from working for someone, being self-employed or running a business or farm.
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January 17, 2018
Beware of Form W-2 Scam; Tax Season Could Bring New Surge in Phishing Scheme
Form W-2 contains the employee’s name, address, Social Security number, income and withholdings. Criminals use that information to file fraudulent tax returns, or they post it for sale on the Dark Net
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January 16, 2018
IRS Urges Travelers Requiring Passports to Pay Their Back Taxes or Enter into Payment Agreements; Pe
For taxpayers serving in a combat zone who owe a seriously delinquent tax debt, the IRS postpones notifying the State Department and the individual’s passport is not subject to denial during this time
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January 12, 2018
Updated 2018 Withholding Tables Now Available; Taxpayers Could See Paycheck Changes by February
The new withholding tables are designed to work with the Forms W-4 that workers have already filed with their employers to claim withholding allowances.
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January 10, 2018
What a China Response to U.S. Tax Cuts Means for the Yuan
Whatever happens, expect a a drag on the Asian's nation's current-account balance and a subdued exchange rate.
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January 10, 2018
FASB addresses financial reporting impacts of new tax law
FASB ruled that the AMT credits that will be used or ultimately refunded should not be discounted in company financial reports.
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January 4, 2018
BP Sees $1.5 Billion Charge for Last Quarter on U.S. Tax Law
Deferred tax assets to be revalued; long-term effect positive; Shell also said last week it would book fourth-quarter charge