irs - Herman & Co. CPA

IRS looking at a more digital future

By Bankrate Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! The Internal Revenue Service is looking to move its services solidly into the 21st century. But an IRS executive says that the agency’s modernization aims, dubbed IRS Future State,…

$5M ‘reward’ for Trump tax return

By Bankrate Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! What are Donald Trump’s tax returns worth? $5 million to one curious rich person. An anonymous individual has offered to donate that amount to a veterans’…

Baby boomers’ 2016 birthday gift to IRS

By Bankrate Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! Baby boomers reach a momentous tax birthday this year, but it’s the Internal Revenue Service that will be getting presents. The first baby boomer was born on Jan. 1,…

Tax compliance costs $409 billion a year

By Bankrate Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! The Internal Revenue Service is up front about the hassles of filing your annual tax return. In the instructions for Form 1040, the tax agency breaks out its estimates…

Some tax refunds in 2017 to be delayed

By Bankrate Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! If you file your federal tax return early every year to get an expected refund quickly, you could be disappointed in 2017. A provision in the Protecting Americans from…

IRS does sometimes call taxpayers

By Bankrate Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! The Internal Revenue Service has learned a hard lesson about never saying never. After years of assuring us that IRS employees never initiate calls to taxpayers, a tax preparer…

ADP W-2 data hacked in latest breach

By Bankrate Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! Identity thieves have their hands on a new batch of personal and tax data after hacking the payroll outsourcing company ADP. The information is from W-2 forms, the documents…

Congressman shares tax ID theft story

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Bankrate No one is safe from tax identity theft, not even the lawmakers who help write the country’s tax laws. Another member of the House Ways and Means Committee has…

Warren wants IRS to provide direct free tax filing

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Bankrate The Internal Revenue Service offers Free File, a partnership with tax software manufacturers that allows millions of taxpayers each year to prepare and e-file their taxes for, as the name…

Pay taxes in cash at 7-Eleven stores

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Bankrate The Internal Revenue Service now is accepting cash from taxpayers who don’t have bank accounts or who prefer to pay their bills, tax and otherwise, that way. Uncle Sam’s…