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Heading off to College

Are you or one of your dependents headed off to college this fall?  If so, the IRS provides several education tax credits that will help offset some of the cost.  Here is a brief description of the two most common credits. The first credit is the American Opportunity Credit.  This credit is available only during […]

Data Breach at the IRS

On June 2, 2015, IRS Commissioner Koskinen testified that the IRS suffered a data breach to its “Get Transcript” application.  The data breach occurred between mid-February and mid-May.  Approximately 200,000 accounts were targeted with approximately 104,000 of those targets being successful. What is the “Get Transcript” application?  It is an online program at www.irs.gov that […]

Greetings from the IRS

You’ve just picked up your mail and there among the ads, bills and junk mail is that official looking letter from the Internal Revenue Service. You get a queasy feeling in the pit of your stomach but don’t panic.  DO open the letter. It might even be good news. Usually, mail from the IRS is […]