Tax season scams are no joke.
Mar30

Tax season scams are no joke.

April Fools’ Day arrives during the peak of the annual tax-filing season, so it’s appropriate that we remind folks of the myriad tax schemes out there.   This year’s Tax Scams range from the perennial identity theft phishing attempts to fake charitable deductions to frivolous tax arguments, which themselves are detailed separately here.   There also are Web sites that, at least in name, seem like the real...

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We caution taxpayers on scams involving disasters, charitable causes.
Mar30

We caution taxpayers on scams involving disasters, charitable causes.

We encouraged taxpayers to be alert to scam groups masquerading as charitable organizations.   Using a tax deduction as bait, these fake charities often lure victims into making ineligible donations, ultimately leaving the unsuspecting donor in the lurch.   “Scam artists commonly use charities as a cover to lure honest people into providing money and sensitive personal information,” said IRS Commissioner Chuck Rettig....

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New phone scam using Taxpayer Advocate Service numbers.
Mar30

New phone scam using Taxpayer Advocate Service numbers.

The Internal Revenue Service today warned the public about a new twist on the IRS impersonation phone scam whereby criminals fake calls from the Taxpayer Advocate Service (TAS), an independent organization within the IRS.   Like other IRS impersonation scams, thieves make unsolicited phone calls to their intended victims fraudulently claiming to be from the IRS. In this most recent scam variation, callers’ “spoof” the telephone...

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IRS expands penalty waiver for those whose tax withholding and estimated tax payments fell short in 2018; key threshold lowered to 80 percent.
Mar30

IRS expands penalty waiver for those whose tax withholding and estimated tax payments fell short in 2018; key threshold lowered to 80 percent.

The Internal Revenue Service today provided additional expanded penalty relief to taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.   The IRS is lowering to 80 percent the threshold required to qualify for this relief. Under the relief originally announced Jan. 16, the threshold was 85 percent. The usual percentage threshold is 90 percent to avoid...

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As the April tax deadline approaches, we remind members of the U. S. Armed Forces of special tax breaks/
Mar24

As the April tax deadline approaches, we remind members of the U. S. Armed Forces of special tax breaks/

We encouraged members of the military and their families to learn more about the special tax benefits available to them as the April 15 tax filing season deadline approaches.   Combat pay is partially or fully tax-free. Service members serving in support of a combat zone or in a qualified hazardous duty area may also qualify for this exclusion. In addition, U.S. citizens or resident aliens, such as spouses, that worked as...

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