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Tax Scams and Consumer Alerts - A new email scam
targeting taxpayers has emerged. According to the
Taxpayer Advocacy Panel (TAP), taxpayers are receiving
emails that appear to be from TAP about a tax refund.
Tax Benefits for Education Information Center - There is a
variety of tax credits, deductions and savings plans can
help taxpayers with their expenses for higher education.
New PTIN Requirements for Tax Return Preparers - New
regulations require all paid tax return preparers to obtain a
PTIN. Renewals for 2012 are expected to start in October
2011. In the future, some preparers will need to pass a
competency test and background check, and take
continuing education courses
The "What Ifs" of an Economic Downturn - People facing
financial difficulties may find that there's a tax impact to
events such as job loss, debt forgiveness or tapping a
retirement fund. For example, if your income decreased,
you may be newly eligible for certain tax credits, such as
the Earned Income Tax Credit.