The IRS continues to see scams run by dishonest people, trying to encourage others into doing something illegal or which ultimately causes them harm. IRS’s “Dirty Dozen” list warns people to watch out for tax-related scams involving fake charities,...
You may check the status of your refund using any of the following methods, 24 hours a day, 7 days a week. You will need the social security number listed first on the return, the filing status, and the exact refund amount from your current return. Allow at least a...
IRS has clarified several procedures that apply when there is identity theft, including when taxpayers should and should not file Form 14039, Identity Theft Affidavit. Circumstances under which taxpayers should file Form 14039 with IRS. The Form 14039 affidavit should...
On March 26, Ways and Means Oversight Subcommittee Chairman Lynn Jenkins (R-KS) and Ranking Member John Lewis (D-GA) released a discussion draft of proposed legislation entitled “The Taxpayer First Act.” According to a press release, this bipartisan...
Have you receive a telephone or email inquiry regarding your 401(k) plan from someone you do not know? All 401(k) plans have basic information including company name, trustee name, number of employees, fees paid and plan balances posted on the U.S. Department of Labor...
Do you use your personal vehicle in your business activities? This article offers options for tracking your deductible business mileage: 7 Best Free Mileage Tracking Apps...
Wells Fargo Advisors has put out a flyer of tips to help reduce your chances of becoming a victim of tax-related identity theft. Click here to read the PDF.
The most frequent incident of scams reported by senior citizens is IRS impersonation! On February 15, 2017, the US Senate Special Committee on Aging announced the top scams targeting our nation’s seniors in 2016. The number of calls to the Senate Aging Committee’s...
‘Alternative Facts’ don’t matter From the Pensacola News Journal 01/24/17 Editorial “Since Donald Trump upended everything we thought we knew about politics, hands have been wrung and ink has been spilled about the ‘post-factual...
By Beth Pinsker, Lauren Young and Bernadette Baum Original article: http://www.reuters.com/article/us-taxes-millennials-tips-idUSKCN0VQ1OS NEW YORK (Reuters) – The typical millennial tax client that accountant Jeffrey Gentner sees in Buffalo, New York is often...
