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February 17, 2012

Posted February 17, 2012

The IRS and the U.S. Department of Justice (DOJ) launched a nationwide crackdown against identity theft in January, targeting identity thieves in 23 states.

Senate Turns Attention to Highway Bill
The Senate on Feb. 9 approved, by a vote of 85 to 11, a motion to proceed to the Highway Investment, Job Creation and Economic Growth Bill of 2012, which would renew highway taxes through fiscal year 2015 and direct the tax revenue to the Highway Trust Fund.

IRS Expands Work Opportunity Tax Credit
The IRS has issued guidance on the work opportunity tax credit (WOTC), addressing the two new categories of employees whose hiring can make employers eligible for the credit, the expansion of eligibility for the credit to tax-exempt employers, and alternative filing methods.