Money

IRA warns taxpayers about scam

WASHINGTON — The Internal Revenue Service issued a fraud alert for international financial institutions complying with the Foreign Account Tax Compliance Act (FATCA). Scam artists posing as the IRS have fraudulently solicited financial institutions seeking account holder identity and financial…

State and local tax deductions at risk

Many temporary federal tax provisions expired at the end of 2013 and while policymakers have routinely extended many of these provisions over the past decade, action on a package of “extenders” in 2014 remains uncertain. Among the expired provisions is the…