IRS Telephone Scams Again
IRS Telephone Scams Again The IRS recently warned, again, of phone based tax scams happening to consumers across the country. They said current IRS telephone scams scammers are specifically targeting students. People should be on the lookout for IRS impersonators calling students and demanding that they wire money immediately to pay a fake “federal student tax.” If the person does not comply, the scammer becomes aggressive and threatens to report the student to the police to be arrested. Real life IRS Telephone Scam Experience Gary’s son-in-law, Clint, was a victim of one of these...
Read MoreWhat Prince’s Death Can Teach Us About Estate Planning
What Prince’s Death Can Teach Us About Estate Planning Well, here we are again, yet another big name, big estate celebrity has passed away without a will. You can see our previous posts about Whitney Houston’s estate plan and Anna Nicole Smith’s lack thereof. But, today, lets talk about Prince. What can Prince’s death teach us about estate planning? As millions of people around the globe mourned the loss of this rock star icon, many others, his family especially, had something else to mourn- the financial battles that are sure to come. Prince was known for being very...
Read MoreTax Scams Continue, Beware
Tax Scams Continue, Beware Last week the IRS issued yet another warning that tax scams continue as this tax season draws to a close. In the March 14 IRS Newswire report, the IRS warned about a new scam tactic used by criminals to get sensitive, financial and personal information from unsuspecting victims. Earlier this year we posted about tax scams involving fake charities and identity theft. We posted in 2015 about phishing scams, where con artists use fake emails or set up fake websites in an attempt to get your information. Similar scams continue and now may involve criminals pretending...
Read MoreWhat You Should Know about the Child Tax Credit
What You Should Know about the Child Tax Credit While many aspects of tax filing, and tax season in general, are a big drag, there is one aspect of tax filing that many look forward to- their refund. For the most part, refund money isn’t “free money” from the government, its money you overpaid during the year but even so, getting some dollars back in your bank account is never a bad thing. For parents of minor children, the Child Tax Credit is often to thank for taking at least a little off the top of your tax bill and, hopefully, adding a bit more to your refund. The Child...
Read MoreFake Charities: Dirty Dozen Tax Scams 2016
Fake Charities: Dirty Dozen Tax Scams 2016 Did you know that not all charities are truly charitable? Its a terrible and twisted concept but its reality. There are groups that pretend to be charitable, drawing you in and encouraging you to donate money and give your personal information with plans to scam you. The IRS recently warned tax payers to be aware of such fake charities in its recent update about its Dirty Dozen Tax Scams for the 2016 filing season. “Fake charities set up by scam artists to steal your money or personal information are a recurring problem,” said IRS...
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