IRS sees surge in email phishing scams.
With the approach of the holidays and the 2019 filing season, the Internal Revenue Service, state tax agencies and the nation’s tax industry warned people to be on the lookout following a surge of new, sophisticated email phishing scams. Taxpayers saw many more phishing scams in 2018 as the IRS recorded a 60 percent increase in bogus email schemes that seek to steal money or tax data. These schemes can endanger a taxpayer’s...
Be alert to identity theft and W-2 scams
As the 2019 tax season approaches, the IRS, state tax agencies and the nation’s tax industry joined together to warn small businesses to be on-guard against a growing wave of identity theft and W-2 scams. Small business identity theft is big business for identity thieves. Just like individuals, businesses may have their identities stolen and their sensitive information used to open credit card accounts or used to file fraudulent tax...
Interest Rates Increase for the First Quarter of 2019
The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning January 1, 2019. The rates will be: six (6) percent for overpayments [five (5) percent in the case of a corporation]; three and one-half (3.5) percent for the portion of a corporate overpayment exceeding $10,000; six (6) percent for underpayments; and eight (8) percent for large corporate underpayments. Under the...
Account On Us Frequently Asked Questions
Question: Do I really need to pay an accountant to prepare my financial statements? Couldn’t I save money doing it myself? Answer: You could, but how valuable is your time? What could you be doing to build your business with that time? Could you earn more than what an accountant would cost? Also, don’t forget: an8 accountant knows the formatting standards that the readers (bankers, investors, etc.) of your statements expect, and...
Account On Us Tax Planning Services.
Personal Services: We offer many services for individuals such as income tax preparation, estate tax preparation, gift tax preparation, IRS inquiries, audits and tax planning. Have your personal tax return electronically filed, including 1040, 1040NR, 1041 and 709 returns. If you have a personal tax or accounting need, contact us to assist you in the right direction. Business Services: We are in business for your business. Account On...
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