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The Future of Your Taxes

income tax, tax news, IRS | April 04, 2016 image description
income tax, tax news, IRS | April 04, 2016

How many times have you looked at the American income tax process and thought, “Well, heck, I could come up with something better than that!”

Now’s your chance.

The IRS has kicked off what it calls the “Tax Design Challenge,” to come up with “the taxpayer experience of the future.” And to get your little grey cells into overdrive, the Mortgage Bankers Association (MBA) is offering a $10,000 cash prize for the winner. Second place is worth $5,000.

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Taxpayers Get Health Care Break

health care, tax news | March 24, 2015 image description
health care, tax news | March 24, 2015

The Department of the Treasury has announced that taxpayers who used incorrect information provided on an erroneous Form 1095-A won't be liable for the corrected amounts, and won't have to file an amended tax return. That should let close to a million taxpayers breathe a little easier.

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