Surveys

Tax professionals should watch out for a “new client” scam – an email scheme where cybercriminals pose as potential clients. This scam peaks during the busy tax filing season. How the new client scam worksThe scammer emails a tax professional

Through new elective payment and transfer options, applicable businesses, tax-exempt organizations or entities such as state, local and tribal governments can take advantage of certain tax credits – even if they don’t have taxable income. They can apply these options to

Tax credits and deductions change the amount of a person’s tax bill or refund. People should understand which credits and deductions they can claim and the records they need to show their eligibility. Tax creditsA tax credit reduces the income tax bill