WASHINGTON – The Internal Revenue Service today reminded taxpayers who receive requests from the IRS to verify their identities that the Identity Verification Service website, idverify.irs.gov, offers the fastest, easiest way to complete the task. Taxpayers may receive a letter when the IRS stops suspicious tax returns that have indications of being identity theft but.

Legislation has passed the Mississippi Senate that would, if enacted, reduce income taxes for corporate and personal taxpayers, create a deduction for self-employed individuals, and phase out the franchise tax. Specifically, the bill would phase out the income tax on the first $5,000 of taxable income by exempting the first $1,000 in 2015 and then.

The U.S. Department of Health and Human Services (HHS) on February 20 announced that individuals who were uninsured in 2014, and subject to the individual responsibility payment in states with a federal Marketplace, would be granted another chance to enroll in 2015 coverage under the Patient Protection and Affordable Care Act (PPACA) (P.L. 111-148). The.

The Louisiana Department of Revenue has announced that it has discovered a number of attempts to file fraudulent personal income tax returns for the 2014 filing season that it believes originated from data compromised through Intuit/TurboTax software. The department is taking extra precautions to verify the filings and refunds to ensure that taxpayers receive their.