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Recent Tax Services Articles

Limited Penalty Reflief for 2016 Form 1098-T Filers

By McClintock & Associates December 8, 2016

By Mike Rager, CPA The Internal Revenue Service (IRS) issued Announcement 2016-17 on April 27, 2016, providing notice that the IRS will not impose penalties for reporting the amount billed rather than amount paid for qualified tuition and related expenses on Form 1098-T, Tuition Statement. This will only be available for...

Tax Scams and Identity Theft

By McClintock & Associates November 15, 2016

By Kelly Brennan The Internal Revenue Service has reported a significant surge in tax scams and fraudulent tax returns using taxpayer social security numbers and information. A problem that is effecting millions of Americans and costing taxpayers billions of dollars is the number of fraudulent tax returns being filed. Identity thieves...