The scam-olympics have arrived

February 20, 2014 by Carol Thompson, EA
Scammer

Stealing money from the elderly, low-income, and under-educated is the sport of the decade for criminals. Don’t be caught by a gold-medal winning thief.
 

  1. Phone Scams: There are numerous phone and internet scams claiming to be the IRS (or other government agencies). Do not give personal information to anyone claiming to be from the government. The IRS does not use the telephone or internet to collect personal information. This scam affects thousands of people every year. Get a name, phone number, and badge number and say you will call back. Then check!
  2. Protect Your Identity: No one from a legitimate company will call and ask for your personal information over the telephone. If you do not know the caller, ask for a number to call back and the name and address of the company. Then check. Don’t trust your Caller ID – any name and number can be entered on the phone set up.
  3. Return Preparer Fraud: If you choose to have your return done by a tax pro this year, you can go on the IRS website for a list of qualifications to look for. Be wary of anyone who:
    • Guarantees large refunds without even seeing your tax documents
    • Charges a percentage of your refund as a fee
    • Asks you to sign a blank tax form
    • Does not sign the return or give you a copy of it.
For more information.

Recent Articles

1040 tax return with Passport and $100 bill
If certified by the IRS to have seriously delinquent tax debt, the U.S. State Department can deny passport applications or revoke currently active passports.
Tax Professional holding up a Calculator
Full Audit Representation through an Audit Defense Membership, is included at no additional cost. Other tax experts charge roughly $150/hour for representation.
people running on treadmills in a gym
The most likely answer for most people would be no, as the general rule is that you cannot deduct the cost of the gym membership. However, there are exceptions.
Tax Professional looking over tax documents
With Full Audit Representation, also known as Audit Defense, a Tax Professional will defend your tax return through the entire audit process if you are audited.

Recent Articles

1040 tax return with Passport and $100 bill
If certified by the IRS to have seriously delinquent tax debt, the U.S. State Department can deny passport applications or revoke currently active passports.
Tax Professional holding up a Calculator
Full Audit Representation through an Audit Defense Membership, is included at no additional cost. Other tax experts charge roughly $150/hour for representation.
people running on treadmills in a gym
The most likely answer for most people would be no, as the general rule is that you cannot deduct the cost of the gym membership. However, there are exceptions.
Tax Professional looking over tax documents
With Full Audit Representation, also known as Audit Defense, a Tax Professional will defend your tax return through the entire audit process if you are audited.
This blog does not provide legal, financial, accounting, or tax advice. The content on this blog is “as is” and carries no warranties. TaxAudit does not warrant or guarantee the accuracy, reliability, and completeness of the content of this blog. Content may become out of date as tax laws change. TaxAudit may, but has no obligation to monitor or respond to comments.