This week we continue our IRS Dirty Dozen list of tax scams. Social Media Scams: Taxpayers need to protect themselves against social media scams, which frequently use events like COVID-19 to try tricking people. Social media enables anyone to share information with anyone else on the Internet. Scammers use that information as ammunition for a […]
Each year, the Internal Revenue Service releases its annual “Dirty Dozen” list of tax scams. This year, there is a special emphasis on aggressive and evolving schemes related to coronavirus tax relief, including Economic Impact Payments. I will be sharing this year’s “Dirty Dozen” over the course of the next four blogs. “Tax scams tend […]
If you received an Economic Impact Payment, you would have received Notice 1444, Your Economic Impact Payment. This Notice should be kept with your tax records for tax year 2020. This notice provides information about the amount of the payment, how the payment was made and how to report any payment that wasn’t received. For […]
We are constantly hearing about security and technology and perhaps are turning a blind eye and a deaf ear to anything we see and/or hear. But, in these trying times, there are many creative minds at work and not working for the good. They are coming up with new ways each and every day and […]
Mid-March, the height of income tax season. Add to that the COVID Pandemic and where does that leave taxpayers? Well, first of all, tax season was extended to July 15 to provide additional time for taxpayers to file their taxes. But, what about the people who filed their taxes before the pandemic was in full […]
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