IRS: Failure to Report Offshore Funds Still a Crime

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. [...]

By |2019-03-18T14:02:43-08:00March 19th, 2019|Finance|Comments Off on IRS: Failure to Report Offshore Funds Still a Crime

IRS: Beware of Faux Forms 1099 When Filing

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 [...]

By |2019-03-13T19:51:52-08:00March 12th, 2019|Finance|Comments Off on IRS: Beware of Faux Forms 1099 When Filing

IRS Warns Taxpayers of Pervasive Phishing Schemes

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 [...]

By |2019-03-04T10:34:21-08:00March 5th, 2019|Finance|Comments Off on IRS Warns Taxpayers of Pervasive Phishing Schemes

What to Expect If You’re Owed a Tax Refund

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 [...]

By |2019-02-25T10:43:26-08:00February 26th, 2019|Finance|Comments Off on What to Expect If You’re Owed a Tax Refund

Avoid the Rush: Get a Tax Transcript Online From the IRS

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 [...]

By |2019-02-17T11:31:36-08:00February 19th, 2019|Finance|Comments Off on Avoid the Rush: Get a Tax Transcript Online From the IRS

Regrouping After a Disaster; IRS Gives Tips to Help Taxpayers

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 [...]

By |2019-01-28T12:44:49-08:00January 29th, 2019|Finance|Comments Off on Regrouping After a Disaster; IRS Gives Tips to Help Taxpayers

Health Costs Top List of Concerns for Americans Planning Retirement

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, [...]

By |2019-01-16T14:51:45-08:00January 17th, 2019|Finance|Comments Off on Health Costs Top List of Concerns for Americans Planning Retirement

Make an Estimated Tax Payment Now to Avoid Tax-time Shock

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 [...]

By |2019-01-05T16:17:57-08:00January 8th, 2019|Finance|Comments Off on Make an Estimated Tax Payment Now to Avoid Tax-time Shock

Energy-Savings Ideas to Keep More Money in Your Pocket

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 [...]

By |2018-08-05T11:53:22-08:00August 9th, 2018|Finance|Comments Off on Energy-Savings Ideas to Keep More Money in Your Pocket