In recent years, the federal government has tried varying strategies to entice wealthy individuals and corporations to report and retrieve funds squirreled away in offshore accounts.…
Read more about Dirty Dozen: Hiding Funds Offshore is Still a Crime
The Internal Revenue Service is warning taxpayers and tax professionals against improperly claiming various business tax credits, which has become a common tax scam.…
Read more about Dirty Dozen: Avoid Improper Claims for Business Credits
Scammers posing as relief organizations are ready and willing to take your donation for disaster relief—and put it into their pockets.…
Read more about Dirty Dozen: Donate Cautiously to Disaster Relief
Data security has become a very large, and very important, part of what we do in the income tax industry. That’s why it makes sense for every tax office—large or small—to hire a cybersecurity professional to help safeguard the business’ data and the data of their clients.…
Let’s face it: It’s never a good idea to be anything but truthful when it comes to filling out an income tax return. It’s a warning the Internal Revenue Service is making to taxpayers and tax preparers alike.…
Read more about Dirty Dozen: Resist Temptation to Pad Deductions
The Internal Revenue Service is reminding taxpayers just to think inside the box when it comes to completing their tax returns. In other words, steer clear of any schemes that falsify income or create fake Forms 1099.…
Read more about Dirty Dozen: Bogus Income but Very Real Refunds
When someone who claims to be a tax professional tells a customer he or she can guarantee otherwise unbelievable refunds, red flags should be immediately hoisted and alarm bells rung.…
Read more about Dirty Dozen: Why It Sounds Too Good to be True
With the new income tax law passed in late 2017 came lots of changes to the tax code. Deductions, exclusions, credits, just about everything the average taxpayer deals with saw some sort of change.…
Read more about Dirty Dozen: Choose Your Tax Preparer Wisely
The incidence of tax-related identity theft has decreased in recent years, largely due to the hard work of the Internal Revenue Service and its Security Summit partners. However, identity theft is still serious enough to be included on this year’s “Dirty Dozen” list of scams from the IRS.…
Read more about Dirty Dozen: Identity Theft Down, But Far From Out
The April tax filing deadline is fast approaching and scammers are sure to take advantage of it, attempting to steal money or personal information from taxpayers and tax pros alike.…
Read more about Dirty Dozen: Keep an Ear Out for Phone Scams
