Marriage Equality Decision and Tax Implications A Supreme Court finding of a constitutional right to same-sex marriage would simplify the tax filing process for married same-sex couples and reduce the compliance burden.  The Supreme Court is set to rule in late June on a case involving four statewide bans on same-sex marriage (Obergefell v. Hodges)….

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When the government and private sector work together to solve problems, they have the ability to change lives. Think of the emergency alerts that you get during severe weather or if a child goes missing in your area. Government agencies broadcast the alerts, but it’s the partnership with the mobile carriers that puts the information…

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April 15 – the day countless Americans file their taxes by either clicking “send,” or dropping a bulky envelope in the mail. And, after breathing a collective sigh of relief, we tend to put the whole process out of mind until next year. An understandable reaction, to be sure, but also a wasted opportunity. While…

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Health Care, Taxes and Building a Better Health Consumer

If it’s April in the U.S., it’s tax season. What’s new this year is that American taxpayers must report their health insurance status when filing their 2014 tax information with the IRS. And one in two taxpayers doesn’t realize that’s the case. This is the first year that, under the Affordable Care Act (ACA), Americans…

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Cyberfraud. It’s quickly becoming the watchword of this tax filing season. Several weeks ago we saw an increasing number of attempts by cybercriminals to use stolen identities to file fraudulent state income tax returns. Seeing this increase in suspicious filings, we took swift action to secure these returns and, working in consultation with the states,…

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Remarks from the “Fight Against Fraud” Tax Symposium

On Thursday, January 29th, Intuit Tax and Financial Center was an underwriter for the “Fight Against Fraud” Tax Symposium. The Atlantic took a closer look at how stolen identity fraud and improper EITC payments cost the country more than $5 billion a year–and examined data-based solutions to fighting fraud in the American tax system. Intuit President and CEO, Brad…

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For years there’s been a lot of talk – in politics, the media and corporate boardrooms – about the need for corporate tax reform to strengthen American economic competitiveness. And indeed, achieving this is essential for growth, job creation and competing in a global economy. But there is another kind of tax reform that is…

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The Refund to Savings (R2S) initiative is helping more tax filers to gain piece of mind knowing that part of their refund is tucked away for when they really need the money.  They are accomplishing this through simple savings promotions in the TurboTax Freedom Edition (tax prep software offered free as part of the IRS…

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Tax Refunds: One of the Biggest Paydays for the Average American Family

About 40% of American consumers live paycheck-to-paycheck making the average tax refund of $2,700 a substantial financial resource for the average American family. It’s also the reason so many taxpayers file their taxes before February 14. The American Tax & Financial Center infographic takes a look at the average consumer and how tax refunds help…

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The Ins and Outs of Earned Income Tax Credits

The Earned Income Tax Credit was passed in 1975 to encourage people to work and reduce poverty.  The credit which may be worth up to $5,891 on American’s tax returns has helped lift millions of people out of poverty. Our experts at the American Tax and Financial Center provide you with a graphical presentation on…

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