Hiding money or assets in unreported offshore accounts is still listed on the Internal Revenue Service’s “Dirty Dozen” list of tax scams for 2019, the agency said in a news release. Compiled annually, the “Dirty Dozen” lists a variety of common scams that taxpayers may encounter anytime, including offshore schemes. [...]
As taxpayers continue to work on their returns, the Internal Revenue Service is warning them to avoid schemes involving falsifying income, including the creation of faux Forms 1099. Con artists commonly use this trick, as well as related scams designed to get taxpayers to erroneously claim tax credits they aren’t [...]
Taxpayers be aware and be alert: Kicking off the annual “Dirty Dozen” list of tax scams, the Internal Revenue Service is warning taxpayers of the ongoing threat of Internet phishing scams that lead to tax-related fraud and identity theft. The IRS warns taxpayers, businesses and tax professionals to be alert [...]
If you are expecting a tax refund there are a few pointers you should know. Firstly, the IRS issues more than nine out of 10 refunds in less than 21 days. However, it’s possible your tax return may require additional review and take longer. You may check the status with [...]
No need to panic when filing taxes this year. The Internal Revenue Service said taxpayers who need their prior-year tax records to either complete their 2018 tax return or to validate their income can use Get Transcript Online or Get Transcript by Mail. Taxpayers often call or visit the IRS [...]
Tax season has arrived and as you begin preparing to file your taxes, there are a number of things to consider. First, you will want to determine if you indeed need to file and the best way to start the process. For tax year 2018, all individual taxpayers will file [...]
Between raging wildfires, and vicious hurricanes, 2018 certainly brought record-setting disasters to many parts of the country. As a result, many Americans are now facing the challenge of reconstructing their financial records. Trying to do this, soon after a disaster, may be essential for properly documenting a tax-deductible loss, supporting [...]
If you're busy planning for your retirement or just dreaming about it, a new poll reports health costs top the list of concerns for Americans looking toward their Golden Years. In fact, nearly two-thirds (65 percent) are confident they have saved enough -- or will save enough -- to retire comfortably, [...]
While official "Tax Day" doesn't arrive until April 15, it’s not too late to make an estimate tax payment to avoid a tax-time shock in the months ahead. The Internal Revenue Service advises employees -- whose 2018 federal income tax withholding unexpectedly falls short of their tax liability for the [...]
Soon it will be autumn and cooler weather will be on its way which means you will be spending more time indoors. It also means you could be using more heat and/or more energy, which adds up to paying more in utility bills. But do not get too down as [...]
