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Author: Tom Conradt

Understanding the New Tax Code: Is It Fair?

With any new administration come new policies: the Trump administration and the rest of Washington is currently embattled in a high stakes debate over tax reform. Reshaping the tax code is no easy task. Democrats and Republicans disagree on fundamental differences when it comes to how the tax code should treat the different income brackets. […]

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Congress asked the IRS to implement a massive new law. Now it could send more than half its workers home.

In 2017, Republicans handed the Internal Revenue Service a huge task. In 2018, Congress is about to send home much of the agency’s workforce. The architects of the recently passed Republican tax law are relying on the tens of thousands of IRS employees to turn their new vision for the tax code into reality. IRS […]

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How the GOP Tax Bill Could Become a Nightmare for the IRS

President Trump and GOP congress members have shifted their focus to a major overhaul of the tax code – the biggest in 30 years. This is a highly debated and complicated bill; but the one thing that everyone agrees on is that it will be the job of the Internal Revenue Service to enforce the […]

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How the Republican Tax Plan Will Affect You

How the tax overhaul could affect your bottom line The Senate passed a long-awaited tax overhaul bill early Saturday morning. The bill, the biggest rewrite of the individual and corporate tax code in 30 years, would affect the pocketbooks of most Americans. It still has to be reconciled with a tax overhaul passed by the […]

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IRS to Reject 2018 Tax Returns Without Health Insurance Disclosure

The IRS stated last week that it will not accept electronically filed tax returns in 2018 if taxpayers do not disclose information about their healthcare coverage. Specifically, they’re interested in knowing whether or not you have it. This comes as the Internal Revenue Service begins to prepare for the enforcement of the individual mandate provision […]

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The IRS Seized Nearly $60,000 from an Innocent Man for Not Depositing Enough Money to His Bank Account

Estimated Reading Time: 5 Minutes The IRS and the overall government has a wide set of rules, guidelines and laws in place when it comes to banking; a lot of this is an attempt to curb criminal activity such as terrorism, drug dealing and trafficking. In an attempt to catch these types of activities, the […]

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Proposed Republican Tax Plan: How it Affects You

Republicans Move Forward on Tax Reform The federal tax plan being proposed by the GOP is out now. There are some significant changes being proposed and they will affect all income levels differently. The biggest thing to note are the proposed tax breaks, through deductions and tax credits; these change how much a person owes […]

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IRS Doing its Part: Tax Relief to Hurricane Victims

In the wake of tragedy, our nation always manages to come together to help those in needs. Everyone from rock stars, sports stars, movie stars, politicians, have pledged relief to those affected. Now, the IRS is doing their part to provide relief to those affected by this tragedy. The IRS announced on Tuesday that victims […]

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Dirty Dozen List of Tax Related Scams

Each year the IRS publishes a “Dirty Dozen” list of tax-related scams. Here’s the list for 2015. Update 2/20/2017: For recent tax-related scams view Someone’s claiming I owe money to the IRS. Is this legit? Phone scams: Con artists impersonating IRS employees may call you, demanding money or promising a refund if you “confirm” your social security number. Remember […]

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