Recently, the U.S. 5th Circuit Court of Appeals ruled that the individual mandate requirement of the Affordable Care Act is unconstitutional. It also ruled that the Individual Shared Responsibility Payment imposed on taxpayers who did not meet the requirement is also unconstitutional.
With 2020’s tax season less than two months away, tax identity thieves will be trolling the internet for your personal data more than ever. The Federal Trade Commission reported tax fraud as the second most common form of identity theft to date. Just last year alone over $46 million dollars were claimed in fraudulent tax refunds according to the IRS.
We know you saw it all over social media this week – “Todd Chrisley indicted for tax evasion as reality star says he’s been framed”, “Todd Chrisley Indicted for Tax Evasion but Claims Innocence”, “Todd Chrisley and Julie Chrisley Indicted for Tax Evasion and Other Financial Crimes”, “Todd Chrisley’s son Chase hit with $17G tax lien amid parents’ tax evasion indictment”, “’Chrisley Knows Best’ stars indicted on federal tax evasion charges.”