Local firm management news from around the web: Feb. 12 – 16, 2018

Written on Feb 15, 2018

IRS fell short on verifying W-2 info before issuing refunds
The IRS’ efforts last year to safeguard against identity theft by asking employers to file W-2 forms earlier and holding tax refunds longer if taxpayers claimed the Earned Income Tax Credit or the Additional Child Tax Credit didn’t always work, according to a new report.

Most home-equity loan borrowers don’t understand how Trump’s tax code affects them
Homeowners with home equity loans may be reaping the benefits of deducting interest paid in 2017, but they shouldn’t get used to it.

Tax bill's implications for retirement planning
For the most part, tax laws relating to retirement plans and retirement planning were left alone in the new tax act. Here is a summary of changes that directly impact retirement planning, as well as a general discussion on the overall impact of the new tax bill on retirement planning.

Budget deal revives expired individual tax breaks for homeowners, students and environmentalists
In a massive budget deal passed Feb. 9, Congress has bestowed surprise tax breaks on homeowners, students and greenies. There are tax breaks for mortgage insurance premiums, higher-education expenses, energy-efficient home-improvement projects and more.

Tech Corner: Over 12,000 business websites leveraged for cybercrime
More than 12,300 websites in the business category were used to launch cyberattacks or deliver malware in 2017, making company sites riskier than gambling and shopping sites. Attackers are abusing people's trust in popular sites to launch consistent and effective malware campaigns.

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