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News & Tips

The Internal Revenue Service’s Offshore Voluntary Disclosure Program or OVPD, which allowed United States taxpayers to voluntarily disclose previously undisclosed foreign accounts, assets, or income is coming to an end. The initiative waived the possibility of criminal prosecution for those that disclosed the ownership of...

Tax Debt Problems While tax season is frustrating and stressful for everyone, it can be particularly panic-inducing for those in tax debt. Tax debt means that you owe taxes after the Internal Revenue Service’s filing deadline. This can create multiple problems between you and the...

Alabama The Alabama Department of Revenue automatically grants a six month extension. If you anticipate you will owe additional tax on your return, you should submit your payment with a payment voucher (Form 40V ) by the filing deadline. Check the box “Automatic Extension Payment.”...

Reports from the Internal Revenue Service (IRS) indicate that tax-related identity theft has significantly declined, but they continue to implement security measures to keep taxpayers safe. When it comes to tax scams, this type of theft made their list of scams, called the “Dirty Dozen.” “The...

Credit reporting agency Equifax has confirmed that they suffered a cyberattack prior to the attack that took place in September. It is thought that the hackers have gained access to months’ worth of consumer information. The company is thought to have exposed the information of...