Identity Protection, Prevention, Detection and Victim Assistance.
Jun17

Identity Protection, Prevention, Detection and Victim Assistance.

Identity theft places a burden on its victims and presents a challenge to businesses, organizations and government agencies, including the IRS. The IRS combats tax-related identity theft with an aggressive strategy of prevention, detection and victim assistance. We’re making progress against this crime, as it remains one of our highest priorities. Tax-related identity theft occurs when someone uses your Social Security number to file...

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Tax Reform for People with Disabilities
Jun14

Tax Reform for People with Disabilities

People with disabilities can now put more money into their tax-favored Achieving a Better Life Experience (ABLE) accounts and may, for the first time, qualify for the Saver’s Credit for low- and moderate-income workers, according to the Internal Revenue Service. The Tax Cuts and Jobs Act, the tax reform legislation enacted in December, made major changes to the tax law for 2018 and future years, including increasing the standard...

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Beware of Scams Related to Natural Disasters.
Jun12

Beware of Scams Related to Natural Disasters.

With hurricane season underway, the Internal Revenue Service is reminding taxpayers that criminals and scammers often try to take advantage of the generosity of taxpayers who want to help victims of major disasters. Hurricane season runs June 1 to Nov. 30, and taxpayers need to be vigilant of scams that will undoubtedly pop up when and if a hurricane occurs during that time. Fraudulent schemes normally start with unsolicited contact...

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File by June 14 to avoid higher late-filing penalty.
Jun10

File by June 14 to avoid higher late-filing penalty.

Taxpayers who owe tax and file their federal income tax return more than 60 days after the deadline will usually face a higher late-filing penalty. For that reason, the Internal Revenue Service urges affected taxpayers to avoid the penalty increase by filing their return by Friday, June 14. Ordinarily, the late-filing penalty, also known as the failure-to-file penalty, is assessed when a taxpayer fails to file a tax return or request...

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Targeting Payroll, Human Resource Departments with W-2 Scam.
Jun02

Targeting Payroll, Human Resource Departments with W-2 Scam.

The Internal Revenue Service, state tax agencies and Account On Us CFL want to warn you about an email scam that uses a corporate officer’s name to request employee Forms W-2 from company payroll or human resources departments. This week, the IRS already has received new notifications that the email scam is making its way across the nation for a second time. The IRS urges company payroll officials to double check any executive-level...

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