Tax & Financial News of The Week

Happy New Year!  This is a week too late, but I decided to take last week off from writing this update.  Hopefully, you missed it!  Tax season is ramping up quickly, W-2s will be getting mailed out shortly and we're prepared for a busy year here at Common Form.  Since we're focusing on preparing taxes, I'll do a little less writing about them this week.  I'll just highlight three things that caught my attention recently:IRS announces launch date of e-File. On December 29, the Internal Revenue Service announced it anticipates opening the 2015 filing season as scheduled in January. The IRS will begin accepting tax returns electronically on January 20, 2015. You can file your taxes now with almost all tax software providers, including Common Form, and they will be stockpiled until IRS opens. 5 Takeaways from the December Jobs Report (WSJ).  The U.S. labor markets ended 2014 on a strong note as the top-line December numbers in job growth and unemployment rate beat expectations.  Underneath the surface, however, are signs that slack still exists in the labor markets. This Wall Street Journal article describes five key takeaways from the December jobs report, good and bad. Hidden TurboTax charges have users screaming (CBS News).  TurboTax users are fuming in online reviews that the popular software has added a series of charges to use certain tax forms. And on Tuesday a consumer advocate amplified the complaints by slamming the company for not being more upfront about the new charges.