The year is almost over, but the time to make financial decisions that could affect your taxes in 2022 and/or 2023 is about to begin. Below are a few tasks and considerations to look into before January 1 arrives.Continue reading “End of Year Tax Planning Guide for 2022”
Category: Tax Scams
Tax scams are nothing new. Learn how scam artists run these cons.
2022 Tax Scams the IRS Is Warning You About
Every year, the IRS releases its “Dirty Dozen” list of tax scams for taxpayers to watch out for. In this blog post, we identify and explain a few of the more notable scams that have made this list.Continue reading “2022 Tax Scams the IRS Is Warning You About”
What Are Tax Liens and Levies and How Do You Get Them Removed?
If you get behind on your taxes, you will accrue a tax debt. Tax departments and agencies have special tools to make sure you pay unpaid taxes. Two of the most powerful include the tax lien and tax levy. Let’s take a look at what these are and how they work.Continue reading “What Are Tax Liens and Levies and How Do You Get Them Removed?”
2021 Tax Extension Filers: Why to File As Soon As Possible
For the typical taxpayer, they have until around April 15 to file their income tax returns for the prior tax year. The deadline for the 2021 tax year was April 18, 2022. Yet sometimes there are reasons why a tax filer can’t get their tax returns to the IRS by this deadline.Continue reading “2021 Tax Extension Filers: Why to File As Soon As Possible”
IRS Gets Billions for Audit Enforcement. Here’s What That Means for You
The Internal Revenue Service (IRS) is a much-detested part of the federal government. Yet its existence is necessary for the continued operation of the United States. Despite the IRS’ importance, it has recently suffered a steady reduction in workers and funding to carry out its tasks.Continue reading “IRS Gets Billions for Audit Enforcement. Here’s What That Means for You”
Tax Scams to Watch Out For This Season
If there’s anything more inevitable in life than death and taxes, it’s scams. Tax scams are nothing new, but scammers are always coming up with different strategies to take advantage of taxpayers. No matter what time of the year it is, taxpayers need to stay vigilant to avoid falling prey to tax scams. Below are some tax scams that you may not have heard of, but could affect you.Continue reading “Tax Scams to Watch Out For This Season”
2022 Top 10 Tax Scams to Watch Out For!
Scams have probably been around almost as long as taxes have. So it’s safe to say unsavory people have been employing tax scams for a while now. And as the years have gone by, the tax scams have changed, although the overall objective remains the same: steal money. Here are some of the more popular or dangerous tax scams to be aware of during the 2022 tax season.Continue reading “2022 Top 10 Tax Scams to Watch Out For!”
2021 Tax Scams to Watch Out For
Tax scams are nothing new. They’ve been around for a while and will continue for the foreseeable future. The only thing that will change is how scam artists run these cons.
In 2021, the IRS saw some new scams, many of which have some relation to the coronavirus. In this blog post, we’ll take a look at a few of these scams, including how they work and how to identify them.Continue reading “2021 Tax Scams to Watch Out For”
Coronavirus Tax Scams
As you already know, Congress recently passed the largest emergency financial stimulus package in the history of the United States. Officially called the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), this law provides, among other things, cash payments to Americans. The IRS will administer this process, which creates the potential for various tax scams.Continue reading “Coronavirus Tax Scams”
How Do You Know if the IRS Is Calling?
With your tax refund check excepted, no news is good news when it comes to the IRS. This means that for the most part, any communication received from the IRS is probably not a good sign. In fact, anytime you hear from the IRS, your heart will probably sink. That’s because you probably fear it’s the start of an audit, a request for back taxes or some sort of notice of an action against you.Continue reading “How Do You Know if the IRS Is Calling?”