The Internal Revenue Service reported on Feb. 14 that nearly two dozen tax practitioner firms have reported ID and data thefts so far this year.
Author: Susan Tompor, Detroit Free Press
People who don’t file tax returns may get a knock on the door from IRS
The Internal Revenue Service is stepping up efforts to visit high-income taxpayers who failed to file their tax returns.
You might have to prove your identity to get Michigan tax refund
Tax filers can expect to answer quizzes or prove their identity as the IRS and state governments try to crack down on ID theft-related tax fraud.
How banks are motivating customers to save up for big purchases
New savings tools like Ally Bank’s Buckets give savers motivation and a way to put cash away for goals, such as buying an engagement ring.
Free File tax program goes unused by millions of Americans: Here’s how to know if you qualify
A new audit blames ‘complexity, confusion and lack of taxpayer awareness’ for poor participation in free file tax program.
Credit scores could take a hit under new, tougher standards: How to protect yours
Lenders want to better gauge the risks of loaning money. FICO will look at longer trends for how you’re managing credit, and it could affect scores.
That letter from the IRS could be a fake. Watch out for this tax scam and others in 2020
Crooks want your Social Security number and other personal information to file fake returns so they can to steal tax refunds.
Want to file your 2019 tax return for free? New IRS changes make it easier
The Internal Revenue Service has added tweaks to offer consumer protections to the ‘Free File’ program for the tax season, which kicks off Jan. 27.
Some retirees feeling less secure about tax rule changes in SECURE Act
Two key rules regarding retirement savings are changing under the SECURE Act. Neither change should cause widespread panic, but you need to plan.
The SECURE Act could help boost your retirement savings: 5 things to know
New retirement rules can help young families, employees who consistently work part time and small business owners who want to start 401(k) plans.