Last month, we cautioned you about Internet scams aimed at tricking you into divulging information that will compromise your identity. That article described how Internet crooks disguise themselves as the IRS in an attempt to steal your identity. The IRS is not the only disguise these scammers use. They pretend to be attorneys representing estates, lottery payouts, and other … [Read more...] about The Latest Scam—Don’t be a Victim!
Personal Tax
Using Direct Deposit is a Smarter Option for your Refund.
Want your refund faster? Have it deposited directly into your bank account. More taxpayers are choosing direct deposit as the way to receive their federal tax refunds. More than 79 million people had their tax refunds deposited directly into their bank accounts in 2011. It’s a secure and convenient way to get your money in your pocket faster. Speed—When combining e-file with … [Read more...] about Using Direct Deposit is a Smarter Option for your Refund.
Don’t be Scammed by Tax Season Cyber Criminals
Now that tax season is upon us, so are the e-mail scammers pretending to be the IRS. Most of these scams fraudulently use the IRS name, logo, and/or website header as a lure to make the communication appear more authentic and enticing. They lead you to believe you had a refund of some sort coming and request personal information. The goal of these scams¾known as phishing¾is to … [Read more...] about Don’t be Scammed by Tax Season Cyber Criminals
February 2012 Individual Due Date Reminders
February 1 - Tax Appointment If you don’t already have an appointment scheduled with this office, you should call to make an appointment that is convenient for you. February 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during January, you are required to report them to your employer on IRS Form 4070 no … [Read more...] about February 2012 Individual Due Date Reminders
Are You Liable for a Gift Tax Return?
Frequently, taxpayers think that gifts of cash, securities, or other assets they give to other individuals are tax-deductible and, in turn, the gift recipient sometimes thinks income tax must be paid on the gift received. Nothing is further from the truth. To fully understand the ramifications of gifting, one needs to realize that gift tax laws are related to estate tax … [Read more...] about Are You Liable for a Gift Tax Return?