Monthly Newsletter for October 2016

by in Newsletter on Oct. 4, 2016

 

               Ingenious Scan Targets Taxpayers

 

Crooks have tried all sorts of e-mail scams, but almost everyone has figured out that the IRS does not send out notices by e-mail.  So crooks have changed their tactics.  Now, there are reports of taxpayers receiving by mail fake notices requiring immediate payment to a P.O. Box.  The P.O. Boxes are located in cities where the IRS has service centers, but of course are not .

Monthly Newsletter for September 2016

by in Newsletter on Aug. 23, 2016

IRS Warns of Back-to-School Scams; Encourages Students, Parents, Schools to Stay Alert

WASHINGTON — The Internal Revenue Service today warned taxpayers against telephone scammers targeting students and parents during the back-to-school season and demanding payments for non-existent taxes, such as the “Federal Student Tax.”

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 .

Monthly Newsletter for August 2016

by in Newsletter on Jul. 18, 2016

Tax Tips for Students Working this Summer

IRS Special Edition Tax Tip 2016-11, June 28, 2016

Many students get summer jobs. It’s a great way to earn extra spending money or to save for later. Here are some tips for students with summer jobs:

  1. Withholding and Estimated Tax.If you are an employee, your employer normally withholds taxfrom your paychecks. If you are self-employed, you may be responsible for paying taxes directly to the .

Monthly Newsletter for July 2016

by in Newsletter on Jul. 6, 2016

Please consider these steps to protect yourselves from identity thieves:

Keep Your Computer Secure

  • Use security software and make sure it updates automatically; essential tools include:
  1. Firewall
  2. Virus/malware protection
  3. File encryption for sensitive data
  • Treat your personal information like cash, don’t leave it lying around
  • Check out companies to find out who you’re really dealing with
  • Give personal information only over encrypted websites – look for “https” addresses
  • Use strong passwords and protect them
  • Back up your files

 

Avoid Phishing and .

Monthly Newsletter for June 2016

by in Newsletter on May. 20, 2016

Most Recent Scams

Tax Refund Scam Artists Posing as Taxpayer Advocacy Panel

A new email scam targeting taxpayers has emerged. According to the Taxpayer Advocacy Panel (TAP), taxpayers are receiving emails that appear to be from TAP about a tax refund. These emails are a phishing scam, where unsolicited emails which seem to come from legitimate organizations — but are really from scammers — try to trick unsuspecting victims into providing personal .

Monthly Newsletter for May 2016

by in Newsletter on May. 5, 2016

Now is a Good Time to Plan for Next Year’s Taxes

You may be tempted to forget about your taxes once you’ve filed but some tax planning done now may benefit you later. Now is a good time to set up a system so you can keep your tax records safe and easy to find.  Here are some IRS tips to give you a leg up on next year’s taxes:

Monthly Newsletter for April 2016

by in Newsletter on Apr. 21, 2016

Things You Should Know about Filing Late and Paying Penalties

April 18 was this year’s deadline for most people to file their federal tax return and pay any tax they owe. If you are due a refund there is no penalty if you file a late tax return. If you owe tax, and you failed to file and pay on time, you will most likely owe .

Monthly Newsletter for March 2016

by in Newsletter on Feb. 23, 2016

Six Reasons to Choose Direct Deposit for Your Tax Refund

When you file your taxes, you have options on how to receive your refund. The best way to get it is by direct deposit. Eight out of 10 taxpayers get their refunds by direct deposit. Here are six good reasons why you should do the same in 2016:

IRS Direct Deposit:

1. Is Fast.  The fastest way to .

Monthly Newsletter for February 2015

by in Newsletter on Jan. 26, 2016

Six Reasons to E-file your Taxes in 2016

IRS Tax Tip 2016-01, January 19, 2016

Are you one of the few tax filers who still file a paper return? If so, now may be the best time to switch to e-file. Last year almost 129 million taxpayers filed their taxes electronically. They chose to e-file because it’s the fastest and safest way to file.

Here are the top six reasons why you should .

IRS Sends Corrected Letter for Identity Protection (IP) Pin

by in Newsletter on Jan. 18, 2016

The IRS has begun mailing follow-up letters to taxpayers noting that the Identity Protection (IP) PIN they received in a prior mailing is valid despite the incorrect reference to the year. Please be aware the IP PIN listed on the CP 01A notice dated Jan. 4, 2016, is valid for use on individual tax returns filed in 2016. The earlier notice incorrectly indicates the IP PIN issued is to .