If you own a business, we are sure you have also gotten emails, phone calls, and even texts from companies promising to help you to apply for – and receive – employee retention credits. While there are legitimate reasons for some businesses to apply, many companies fell for “too good to be true” offers of […]
IRS Introduces Option to Withdraw Employee Retention Credit Claims Read More »
The IRS has identified abusive tax avoidance schemes as one of the “Dirty Dozen” scams and schemes that taxpayers and tax professionals should watch out for. These schemes are primarily aimed at high-income individuals who want to reduce or eliminate their tax obligations. To avoid falling prey to these schemes, the IRS advises taxpayers to
Watch Out for Tax Avoidance Schemes Aimed at High Earners Read More »
The IRS and the Security Summit partners are warning tax professionals and those that prepare their own taxes to beware of evolving identity theft scams. Often perpetrated through phishing emails and SMS-text, these messages are designed to trick tax payers and preparers into opening embedded links or attachments that infect their computers and can steal personal
Beware of Evolving Identity Theft Scams Read More »
If it seems too good to be true, it probably is. This adage rings especially true for tax scams. Recently, the IRS began its “Dirty Dozen“ list for 2022, which includes potentially abusive arrangements that taxpayers should avoid. The tax scams in this series focus on four transactions that are wrongfully promoted and will likely attract additional
2022 Tax Scams Identified by IRS Read More »
Hackers and others looking to separate you from your money seem to be working overtime lately. This time of year always brings an uptick on tax-related hacking attempts. Add to that the Ukrainian war, and our natural inclination to help those in need, and you have a perfect storm of fraud attempts. With that in
Beware of Phishing Schemes or Other Scams Read More »