Call From the I.R.S.? Hang Up. It's a Fraud. There is a common scam that happens every year around tax season, scammers pose as representatives of the Internal Revenue Service (IRS) over the phone or in an email. The goal of this scam is to frighten you out of your hard earned money. Since 2013...
What 2015 tax records can you toss once you’ve filed your return? The short answer is: none. You need to hold on to all of your 2015 tax records for now. But this is a great time to take a look at your records for previous tax years and determine what you can purge. The 3-year...
Tax-related fraud isn’t a new crime, but tax preparation software, e-filing and increased availability of personal data have made tax-related identity theft increasingly easy to perpetrate. The IRS is taking steps to reduce such fraud, but taxpayers must play their part, too. How they do it Criminals perpetrate tax identity theft by using stolen Social...
On December 16, the Senate passed the Tax Increase Prevention Act of 2014 (TIPA), which the House had passed on December 3. TIPA is the latest “extender” package, a stopgap measure that retroactively extends through December 31, 2014, certain tax relief provisions that expired at the end of 2013. It was drafted after the collapse...
