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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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Best Bets for Holiday Shopping

tax news | December 09, 2014 image description
tax news | December 09, 2014

The Christmas shopping season has hit full-force. And if you didn’t get out on Black Friday, there are plenty of deals still out there, to be sure. And speaking of deals, are you hoping to get a deal when it comes to paying sales tax on your holiday purchases?

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The Check Cashed Round the World

tax news | July 15, 2014 image description
tax news | July 15, 2014

There’s a new currency making the rounds all over the globe. By some standards it’s not that significant. But it’s noteworthy because it seems to be spread to countries great and small. It’s not Visa; it’s not MasterCard; it’s not American Express.

It’s World Cup cash. Prize money, actually, for teams finishing at the top of the heap in the 2014 World Cup tournament. And there’s quite a lot to go around.

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