The IRS not only has to deal with taxpayers that are as harmless as you can imagine (think your grandma who wouldn’t hurt a fly), but increasingly, they also have to deal with taxpayers who are involved in such things … read more
The Internal Revenue Service has re-launched the “Get an IP PIN” tool on IRS.gov. By adding multi-factor authentication, the IRS hopes to prevent future fraudulent applications and automated attacks. An Identity Protection Personal Identification Number (IP PIN) is given to … read more
If you expect to claim either the Earned Income Credit or Additional Child Credit on your 2016 tax return, prepare for the possibility that you may need to wait for that refund longer than usual. In an effort to curb … read more
Many are aware of the big problem of identity theft relative to federal income tax filings. More and more individuals have been filing their federal income tax returns, only to find out from the IRS that someone already filed one … read more
Where’s my refund? Why does it take so long for me to get the money? What is this IRS form 5071(c) notice? What does it mean? With less than 50 days left to file your tax return, here’s some helpful … read more
Each year, the IRS updates their “Dirty Dozen” list of tax scams to watch out for during the filing season. The list highlights the most common scams that taxpayers have dealt with during the previous year. #1 – Identity Theft … read more
In recent years the volume of identity theft incidents has grown at an alarming rate. In 2014, more than 9.9 million Americans fell victim to identity theft. Although often less talked about, tax-related identity theft crimes have risen drastically in … read more
An employee who worked in the IRS’s Taxpayer Advocate office in Birmingham, AL is facing multiple charges in an identity theft scheme. Four people were arrested and charged last month including Nakeisha Hall, 39, an IRS employee who worked in … read more
With the unfortunate uptick in data breaches and identity theft crimes over the past several years, many businesses and organizations have taken steps to prevent or at least mitigate the potential impact of identity theft. For example, you’ve probably received … read more
Recent years have brought a slew of high-profile data breaches of major organizations. Some of the largest breaches include Target, Anthem Health Care, Home Depot and most recently, Ashley Madison. Even the U.S. Government has not been immune, as the … read more
There is nothing more complex than the world of taxes. We know this and yet we chose careers where we face these issues everyday. We get questions day in and day out about new tax laws, forms and news items and how they affect everyday people and businesses. Well, here at Henry & Horne we have set out to do what we do best; help everyday people understand what is going on in the world of state, local, federal, estate and international taxation. We will provide these weekly posts and we encourage you to give us feedback on those posts as well as letting us know what else you would like to know more about. Welcome to "Tax Insights." We hope you find this blog informative and worthy of your time.
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- Don’t Mess with the IRS – Their Budget Includes Guns
- MySocialSecurity Website Ups Its Security Protocol
- IP PIN Tool Returns to IRS Website
- Scammers Impersonating IRS to get Your Money
- What Beneficiaries Need to know for Form 8971
- What Executors Need to Know for Form 8971
- Will this Estate Planning Loophole be Closed?
- The Economic Cost of Tax Compliance
- What’s at Stake in Battle of Intel vs. IRS?
- New Procedure to Request Return of Property Seized by IRS in Structuring Cases