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IRS Strengthens Web Tool Access, Offers Tips for Use

As part of a wider effort to protect taxpayers, the Internal Revenue Service took steps this year to strengthen access to several IRS.gov applications, including adding requirements for the use of security codes texted to mobile phones to access certain tools.

This security code process is part of a two-factor or two-step authentication process that is becoming increasingly commonplace, especially in the social media, financial and tax areas. The two steps to access accounts are your credentials (username and password) plus a security code often sent as a text.

The IRS, state tax agencies and the nation’s tax industry – partners in combating identity theft - ask for your help in their efforts. Working in partnership with you, we can make a difference.

That’s why we launched a public awareness campaign that we call “Taxes. Security. Together.” We’ve also launched a series of security awareness tips that can help protect you from cybercriminals.

This Day in History:

This Day in History:

Birthdays:

1974: Carl Powell, defensive end for the Indianapolis Colts

1973: Lamont Warren, NFL running back for the Indianapolis Colts

1973, Ray Mickens, Cornerback for the New York Jets

1971: Garrison Hearst, NFL running back, Arizona Cardinals, San Francisco 49ers

1966: Deana Carter, born in Nashville, Texas, Deana Kay Carter, country singer, famous for multi-platinum debut album 'Did I Shave My Legs for This?', albums include fourteen singles, three reached number one on the Billboard country charts, including 'Strawberry Wine'

1965: Guy Forget, born in Casablanca, Morocco, professional tennis player, helped France with the 1991 and 1996 Davis Cup, served as France's Favid Cup team captain

1957: Patty Loveless, Ramey, Pikeville, Kentucky, singer, Blue Side of Town

 

Famous Deaths:

1998: Mae Questel, actress, voice of Betty Boop, dies at 89

1986: Phil Lynott, rocker (Thin Lizzy), dies of overdose at 34

Time Capsule: What were we interested in October of 2006

Time Capsule: What were we interested in October of 2006

Our Past: Approximately 10 years ago.

During the week of Monday October 9, 2006

We were reading about political independent Jack Davis, for Congress vs. Rep. Thomas M. Reynolds of Clarance. Buffalo News states in a headline “Candidates promise to cut taxes, reduce energy costs”.

John Faso and Elliot Spitzer debated about spoke about reigniting upstate economies.

The Headlines of the day included; the House Sex Scandal; Saddam Trial; Edmnd S. Phelps accepted a Nobel Prize for his study on inflation and it’s link to unemployment.

Once again, we look to Bob DiCesare ( Buffalo News) for the “Three Question Survey” for hiring Buffalo Bills coaches.

Sen. Chuck E. Schumer forms a coalition to develop a new revenue sharing plan.

Logging stopped on Erie County Land.

Captain Elwin T Parsell, 39 Collins Vol. Fire Co and BFD Firefighter Christopher W. Dill Engine 21 are remembered in Albany,

Avoid Identity Theft; Learn How to Recognize Phishing Scams

Simply ask for it. That’s the easiest way for an identity thief to steal your personal information.

Each day, people fall victim to phishing scams through emails, texts or phone calls and mistakenly turn over important data. In turn, cybercriminals try to use that data to file fraudulent tax returns or commit other crimes.

The Internal Revenue Service, state tax agencies and the tax industry -- all partners in the fight against identity theft -- urge you to learn to recognize and avoid phishing scams.

We need your help in the fight against identity theft. That’s why, as part of the Security Summit effort, we launched a public awareness campaign that we call Taxes. Security. Together. We’ve launched a series of security awareness tips that can help protect you from cybercriminals.

IRS, Partners Urge Taxpayers to Beware of IRS Impersonations and Tax Scams

If you get a call from the “IRS” threatening you with lawsuits or jail unless you pay up immediately … Guess what? It’s a scam.

IRS impersonation and tax scams by phone, email, postal mail and text are ongoing. Criminals use more  and more creative ploys to trick taxpayers and tax preparers. Don’t be a victim.

The IRS, state tax agencies and the private-sector tax industry are asking for your help in the effort to combat identity theft and fraudulent returns. Working in partnership with you, we can make a difference.

That’s why for the second year in a row, we launched a public awareness campaign that we call “Taxes. Security. Together.” And, we’ve launched a series of security awareness tips that can help protect you from cybercriminals.

IRS Reminds Business Owners of New W-2 Filing Deadline

In October 2016, the IRS issued a reminder to employers and small-business owners of a new January 31 deadline for submitting Forms W-2 and certain Forms 1099-MISC to the Social Security Administration (SSA). The accelerated deadline, which was enacted as part of the Protecting Americans from Tax Hikes Act passed in late 2015, is designed to help the IRS spot refund fraud and issue refunds more quickly.

The filing deadline covers employer copies of Forms W-2 and Forms 1099-MISC that report nonemployee compensation, such as payments to independent contractors. Employers previously had until the end of February (if filing by paper) or March (if filing electronically) to submit their forms to the SSA.

Three Financial Issues to Watch Under the New Administration

On January 20, 2017, Donald J. Trump will be sworn in as the 45th president of the United States. Between now and then, attention should largely focus on efforts to facilitate an orderly transfer of power, but there will be no shortage of conjecture over what may happen after the inauguration. While changes are likely, the specifics and scope will take time to unfold. For now, here are three key financial issues to watch.

Affordable Care Act

Since its enactment in 2010, the Patient Protection and Affordable Care Act (ACA), commonly referred to as Obamacare, has faced intense partisan conflict. The ACA became a central issue during the presidential campaign, with Trump vowing to "repeal and replace" the legislation.1 In the late days of the campaign, criticism of the ACA was underscored by news reports of rising premium costs and health-care providers leaving the exchanges.