tax scams

Man's Hand Examining Fraud Word On Financial Report Through Magnifying Glass

IRS Introduces Option to Withdraw Employee Retention Credit Claims

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 …

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Tax scam. Form with sign on a desk.

Watch Out for Tax Avoidance Schemes Aimed at High Earners

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 …

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Internet identity theft on a digital tablet with reflection of hackers hand concept for online digital crime

Beware of Evolving Identity Theft Scams

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 …

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2022 Tax Scams Identified by IRS

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 …

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