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Tax Tag

IRS and Taxpayers Stolen Identities: What They Didn’t Tell You

Posted by Payroll Data Processing in Blog

August 30, the Treasury Inspector General for Tax Administration revealed to the public that 1.1 million taxpayers identities have been stolen. These 1.1 million stolen identities of Americans were their Social Security numbers that have been stolen over a five-year period in “employment-related identity theft.” This theft is associated with…

Tax Credits for Hiring Veterans

Posted by Payroll Data Processing in Blog

On November 21, 2011 President Obama officially signed into law Legislation, H.R. 674. This created the extension of the WOTC better known as the Work Opportunity Tax Credits for qualified veterans. This law authorizes tax credits for employers that choose to hire certain groups of veterans. The returning heroes and…