IRS Newswire

Affordable Care, IRS Newswire, Tax Tips

What to do if client receives a Premium Tax Credit letter

Some taxpayers may receive a letter from the IRS requesting information on advance payments of the Premium Tax Credit. Letter 0012C requires you or the taxpayer to take several steps, and it could mean the client is due a refund. Here is what you should know and what you should do with the letter.Why is my client receiving letter 0012C?The Health Insurance Marketplace…
IRS Newswire, Tax News

Email phishing schemes increasing this tax season

E-mail phishing schemes targeting taxpayers and tax professionals have risen sharply this filing season leading the IRS to alert consumers to practice caution with emails containing links. Phishing and malware incidents have risen about 400 percent so far this tax season, according to the IRS. Phishing emails trick taxpayers into thinking they have received…