KeatsConnelly Cross-Border Weekly Best of the Web 2015-6-5

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week we begin with positive news coming out of the Internal Revenue Service on its ability to detect identify theft and then move on to an article with important reminders regarding important deadlines to remain aware of.

IRS Gets Better At Detecting Identity Theft (www.accountingtoday.com) – On the heels of a disclosure this week that identity thieves were able to access 104,000 tax returns through the Internal Revenue Service’s Get Transcript application, a new report finds that the IRS is improving its identification of fraudulent tax returns involving identity theft…

If you plan to file an objection to your Notice of Assessment, pay attention to the deadline (www.financialpost.com)  – If you filed your 2014 tax return on time by the extended May 5th deadline, you likely have already received your Notice of Assessment. It’s important to pay close attention to the mailing date printed on that notice if you plan to challenge it later on by filing a Notice of Objection. The deadline for filing an objection is one year from the normal filing due date or 90 days after the date printed on the Notice of Assessment, whichever is later. If you miss the deadline, you can still apply to the Canada Revenue Agency within one year of the deadline for an extension of time to object. The application must include the reasons you didn’t object before the deadline and be addressed to the Chief of Appeals in an Appeals Intake Centre…

Come back next week for more interesting news and articles. Enjoy your weekend!

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Taxation of Canadians in America
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Taxation of Americans in Canada
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