The Internal Revenue Service (IRS) has announced the annual inflation adjustments for a number of provisions for the year 2017, including tax rate schedules, tax tables, and cost-of-living adjustments for certain tax items. These are the applicable numbers for the tax year 2017 – in other words, effective January 1, 2017. They are NOT the numbers and […]
Beware of Telephone or Email Phishing Scams
IRS-Impersonation Telephone Scams An aggressive and sophisticated phone scam targeting taxpayers, including recent immigrants, has been making the rounds throughout the country. Callers claim to be employees of the IRS, but are not. These con artists can sound convincing when they call. They use fake names and bogus IRS identification badge numbers. They may know […]
IRS Annual “Dirty Dozen” List of Tax Scams to Avoid Includes Falsely Padding Deductions
Feb. 10, 2017 WASHINGTON — Avoid the temptation to falsely inflate deductions or expenses on tax returns, the IRS warned today in its 2017 “Dirty Dozen” list of tax scams. Doing so may result in paying less than is owed or receiving a larger refund than is due. The majority of taxpayers file honest and […]