Tax season is here, and your 2014 tax return is due in about six weeks. Local CPA David Young says the biggest change people need to be aware of this year is the requirement for proof of health insurance coverage due to the Affordable Care Act. If you did not have health insurance coverage in 2014, you could face a penalty amounting to one percent of your adjusted gross income. Young says one common mistake he sees is taxpayers using[…]
WXXI News: Tax Refund Theft on the Rise
I spoke with WXXI News about tax refund theft and how it’s being done. “Tax preparer David Young, CPA, says thieves obtain a taxpayer’s social security number and birth date, and then create a false W-2 form to claim a refund. The taxpayer doesn’t learn about the crime until he or she files their tax return and gets a notice from the IRS that someone has already filed under that name and social security number.” READ THE FULL ARTICLE HERE