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What’s the U.S. economic outlook for the next decade?

  • February 11th, 2020

2020 – 01/30 What’s the U.S. economic outlook for the next decade? The Congressional Budget Office (CBO) just released a report that projects the federal deficit in 2020 will be 4.6% of gross domestic product (GDP) and will rise to 5.4% of GDP by 2030. “Because of the large deficits, federal debt held by the…

The IRS just launched Identity Theft Central

  • February 11th, 2020

2020 – 02/04 It’s tax season and with it comes the risk of identity theft. As taxpayers focus on filing their returns, cybercriminals are focused on stealing their personal identifying information. That’s why the IRS just launched Identity Theft Central, with online access to information about identity theft and data security for taxpayers, tax pros,…

When do I file an amended return?

  • February 11th, 2020

2020 – 02/07 What if you file your federal tax return and then realize you made a mistake? According to the IRS, the answer depends on the mistake. If the error is mathematical, there’s a good chance it will be caught during the processing and corrected by the IRS. But if you chose the wrong…

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