The economic downturn of eight years ago caused a sharp decline in sales of capital assets reported on individual returns, according to the IRS Winter 2016 Statistics of Income Bulletin.

Here is a press release you don’t see often from the IRS……

If you are attending college, or have a college student in your household, the following is a brief summary of the various education credits and deductions that may be taken on your tax return:

How are you going to file?

For filing season 2016, the Internal Revenue Service will test a capability to verify the authenticity of W-2 data as part of a series of steps to combat tax-related ID theft and refund fraud.

This year, several tax forms have been revamped to make the process easier and more efficient.