Category Archives: Tax Fraud

Financial scams take more than your money

The consequences of being taken in by a scammer include three types of costs, according to a survey by the Financial Industry Regulatory Authority’s Investor Education Foundation. In addition to the money lost in the fraud, victims generally incur legal … Continue reading

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Beware of this fake tax bill scam

The IRS has again issued a scam warning. The newest scam involves receiving via email a fake version of an IRS bill related to the Affordable Care Act. The bill requests payment by check or by clicking a link in … Continue reading

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College students: Be aware of phone scams

As you settle into your fall semester routine, both the FBI and the IRS want you to be alert for calls from scammers. The calls may spoof a legitimate number on your caller ID, and appear to come from an … Continue reading

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Take these steps to help prevent fraud in your business

How can you prevent employee fraud in your business? Here are four suggestions. Screen job applicants. Check work references, criminal records, and professional recommendations. By instituting a screening policy, you may save a lot of cash and grief. Just remember … Continue reading

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5 IRS Audit Red Flags

You may have done nothing wrong. But the prospect of an IRS audit makes everyone sweat. Many things probably go through your mind as you’re preparing a tax return or looking at one that’s been completed for you. Did I … Continue reading

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Form 1099 penalties increase sharply

Have you filed required Forms 1099 for 2015? The forms were due by February 1 to individuals you paid $600 or more in the course of your business during the year. If you haven’t completed Forms 1099, you’ll want to … Continue reading

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Some Tax Benefits will Increase in 2016

Each year, the IRS announces inflation adjustments for more than 50 tax provisions. Knowing these numbers can help with your year-end tax planning. Changes for 2016 (for the tax returns you’ll file in early 2017) include: An increased standard deduction … Continue reading

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