Identifying information to gather before calling the IRS

You’ve been on hold with the IRS for what seems like three days, and you’ve finally connected with a living, breathing human being! You’re probably feeling like you just won the lottery. Not so fast. All your patient waiting will have been for nothing if you don’t have the right identifying information the IRS is …

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More tax scams to be aware of

One thing’s for sure. Nothing is certain except death and taxes…and thieves trying to scam you out of your money. Another year, another IRS “Dirty Dozen” tax scam list. Adding to the annual list of popular scams, the IRS is warning Americans to be on the lookout for fraudsters masquerading as tax professionals peddling the …

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IRS’s ‘Dirty Dozen’ tax scams for 2021

The IRS has recently released their “Dirty Dozen” list of the 12 most common tax scams to be on the lookout for. They are categorized as pandemic-related scams, personal information cons, ruses focusing on unsuspecting victims and schemes that persuade taxpayers into unscrupulous actions. Don’t miss: Closing a California business Phishing – Taxpayers should be …

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IRS lays out steps to protect against identity theft

It’s no secret identity theft is a major problem. And if you fall victim, a major headache. It would be great if identity thieves steal your tax information to pay your tax bill, but no. They’re stealing your refunds. Here are some steps to protect against identity theft the IRS suggests to keep your identity …

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How to use the IRS’s Identity Verification Service

In an effort to tamp down on fraud, the Internal Revenue Service has repeatedly reminded Americans it will never contact taxpayers by telephone. When the IRS needs to talk to you, it will send you a letter, directing you to call a telephone number or log in online. Now, the agency has gone a step …

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Tax information leak leads to possible federal investigation

On June 8th, an article was released by news organization ProPublica, claiming to have obtained over 15 years worth of confidential IRS information on the United States wealthiest billionaires. ProPublica stated they obtained the tax information leak from an anonymous source, and have not commented on when the data was obtained. In addition to outcry …

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Identity theft and form 1099-G

During COVID, millions of Americans lost their job or worked fewer hours, prompting many to apply for unemployment benefits. During tax season, people received form 1099-G from their respective states presenting the amount of unemployment benefits they received in 2020. Some people received a 1099-G, but had not applied or received unemployment benefits. The IRS …

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New law bans anonymous shell companies

Part of the newly passed National Defense Authorization Act, known as the Corporate Transparency Act, includes a ban on anonymous shell companies in the United States. Historically, the U.S. has been one of the top countries for criminals seeking financial secrecy and hiding large amounts of money. This new law attempts to close loopholes and …

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Tax preparation, security and the IRS

I received an email from the Internal Revenue Service – no, really, it is legitimate. It wasn’t a scam trying to get my personal information – I have actually signed up for these emails directly on IRS.gov.  There is this page where you can subscribe to emails – turns out that some of them are …

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