In a surprising move, the Internal Revenue Service (IRS) issued Notice 2016-70 this week, extending the deadline for employers to furnish form 1095-C to employees and extending the good faith transition relief to the 2016 reporting year.
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IRS Warns Tax Professionals of New Targeted Scam
The IRS is warning tax professionals about a scam involving email and IRS e-services. The scam is actually a variation of a prior scam, where tax professionals receive an email asking them to update their accounts.
Don’t Understand IRS Tax Form 1095-C? You’re Not Alone
So many people complained Form 1095-C that the IRS extended deadlines by two months. Here is some information to help understand the form.
Lump Sums vs. Pension Payout: Which is Best?
As retirement nears for your clients, they might receive the offer to choose between a retirement pension that is paid regularly throughout retirement, or a lump sum paid once.