There have been reported incidents of swindlers using an IRS pitch as a scam. One such incident happened to Brett. He panicked after hearing a phone message that the IRS was about to investigate him. Brett is a 43 year old contractor from the County of Morrow. He wondered whether he had missed anything in regards to his Free Turbo Tax 2015 application. So he decided to make a call back and then h
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Watch Out For 2016 IRS Tax Scams
Posted by srpatterson3 (#1) 3073 days ago (http://2009taxes.org)Government Report Shows Former IRS Employees Still Accessing Taxpayer Data
Posted by srpatterson3 (#1) 3275 days ago (http://2010taxes.org)
According to a recent Government Accountability Office report, the IRS continues to leave its vast computer systems without proper security. Private taxpayer data is vulnerable to hackers, fraudsters and former IRS employees. This GAO report tells of significant deficiencies relating to the financial reporting systems. Millions of Americans are rightfully concerned because they are required by la
Tax Deductions That Aren’t Allowed By the IRS
Posted by srpatterson3 (#1) 3304 days ago (http://2009taxes.org)
Getting a tax deduction for an allowed expense on your taxes is great. Making the mistake of claiming a deduction that is not allowed by the IRS can you get into trouble and a possible audit. For example, you can deduct the expense of a dinner with clients up to 50% of the bill only. If you claim more than the 50% allowed or you do not properly record the business purpose of the meeting, the dedu
Bitcoins Ruled As Taxable Property by the IRS
Posted by srpatterson3 (#1) 3653 days ago (http://2010taxes.org)
The US Government has recognized Bitcoins which is good in a way but at the same time they have decided to view them as property, making them taxable. If they had decided that the virtual currency actually was a currency then a tax could not be placed on them when they gain in value. Some view this as making the currency legitimate, and a good thing.The fact that they can now be taxed reduces the
IRS Options For Avoiding The President’s Day Rush
Posted by srpatterson3 (#1) 3688 days ago (http://2011taxes.org)
The President’s Day is a holiday that forms part of the busiest times for IRS telephone lines. The wait can however be avoided as the IRS is equipped with easy options for taxpayers to find the answers they need. They can save time by visiting IRS.gov. Below are some of the most frequently asked questions by taxpayers about taxes 2014 and how answers can be quickly found.Taxpayers always li
IRS Free File To Open 2 Weeks Early
Posted by srpatterson3 (#1) 3723 days ago (http://2010tax.org)
The IRS, internal revenue service, has announced the early opening of the free file. The free file will open as early as seventeenth January 2014. This is the case even though filing of 2014 taxes does not officially begin until 31st of January. In fact, reality is that the internal revenue authority is requesting tax payers to get onto the free file website which is found at IRS.gov. This is in
Avoid IRS Scam Pitch When Filing Tax Returns
Posted by srpatterson3 (#1) 3724 days ago (http://2013taxes.org)
Brett Doubikin, a 43 year-old Morrow County contractor, received a phone message informing him that the IRS was investigating him. Fear made him return the call while he tried to remember if he missed something when he filed his taxes.What Doubikin later realized is that the call was part of a sophisticated phone scam involving fake IRS employees who present fraudulent claims in order to get mone
IRS Tax Adjustments In 2014
Posted by srpatterson3 (#1) 3742 days ago (http://2013taxes.org)
Taxes in 2014 are set to undergo various adjustments, affecting more than 40 tax provisions. The Revenue Procedure 2013-35, published on 18 November 2013, provides detailed information of each adjustment.A tax rate of 39.6% will affect singles whose annual income exceeds $406,750 and married couples with joint returns exceeding $457,600. This is up from the current amounts of $400,000 and $450,00
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