Class Action Lawsuit Accuses TurboTax of Deceiving Military Servicemembers with Its “Free Filing for Military” Scheme

TurboTax tricked active military members into paying for tax-filing services that should have been free to them, according to lawsuit

Community, Individuals, IRS NewsThe Doty GroupMay 17, 2019TurboTax, Class Action Lawsuits, Tax, IRSComment

IRS: Tax Tips for Taxpayers to Consider When Selling Their Home

Here are some IRS Tax Tips for homeowners to consider when considering selling a home.

IndividualsThe Doty GroupMay 15, 2019Individuals, Tax Planning, Real Estate, Selling Your HomeComment

AICPA Presents Free Webcast: Taxes: The Start of Your Financial Plan

Don’t file and forget your tax return - use it to develop a financial plan! Find out more about the AICPA’s free webcast happening April 25th.

IndividualsThe Doty GroupApril 18, 2019AICPA, Individuals, IRS, Tax Planning, Webinars, ResourcesComment

ID Theft: Here’s What To Look For And What To Do When It Happens

Tax-related identity theft occurs when a thief uses someone’s stolen Social Security number to file a tax return and claim a fraudulent refund. The victim may be unaware that this has happened until they e-file their return.

Business Owners, Individuals, IRS NewsThe Doty GroupApril 11, 2019Security, Cybersecurity, Identity Theft, Tax, IRSComment

6 Personal Finance Trends That Should Worry All Americans

Experts provide tips on paying down debt, saving for retirement and staying current on car payments.

IndividualsThe Doty GroupApril 3, 2019Personal Finance, AICPA, Credit Card Debt, Retirement, Student Loans, BudgetComment

With new SALT limit, IRS explains tax treatment of state and local tax refunds

In Revenue Ruling 2019-11, the IRS provided four examples illustrating how the long-standing tax benefit rule interacts with the new SALT limit to determine the portion of any state or local tax refund that must be included on the taxpayer’s federal income tax return.

Business Owners, IRS News, Individuals, Tax ReformThe Doty GroupApril 2, 2019SALT, State and Local Tax, TCJA, Tax Cuts and Jobs ActComment

IRS kicks off annual list of most prevalent tax scams: Agency warns taxpayers of pervasive phishing schemes in its ‘Dirty Dozen’ campaign

Kicking off the annual “Dirty Dozen” list of tax scams, the Internal Revenue Service today warned taxpayers of the ongoing threat of internet phishing scams that lead to tax-related fraud and identity theft.

Business Owners, Individuals, IRS NewsThe Doty GroupMarch 5, 2019IRS, Cybersecurity, Phishing Scams, HR, Security SummitComment

How To Protect Your Private Data

In the latest ‘Tax Tips’ update released by the IRS, they provided some valuable insight on methods to keep your data safe from cyber criminals. Most commonly, thieves are using data they steal to file fake tax returns or commit crimes while impersonating their victims. Below are the steps that the IRS has shared.

Business Owners, Individuals, IRS NewsThe Doty GroupFebruary 21, 2019IRS, Private Data, Cybersecurity, Phishing Scams, Malware, Technology, SecurityComment

Free Tax Preparation Available For Millions of Families

The IRS works with local community groups to certify thousands of volunteers who are trained in the latest tax law. Eligible taxpayers should consider taking advantage of these free programs. This includes people with disabilities and people who speak limited English. Here are some additional details about these two programs.