Filing income tax is not a lot of fun. But did you find out that a scammer filed a tax return on your behalf to steal your refund? It makes Tax Day even less of a threat.Fortunately,...
Posted by James Financial Services Inc on 01/01/2022
Tax refund fraud is a common scam used by crooks to steal money and identify the financial and personal information of U.S. taxpayers. Crooks can file a false income tax return and...
Posted by Income Taxes and Bookkeeping LLC on 12/27/2021
The Internal Revenue Service allows taxpayers to pay their tax debts through an installment agreement. However, since interest and penalties will apply, the IRS encourages taxpayers...
Posted by James Financial Services Inc on 12/18/2021
Joint filing has its benefits, and that is why most couples opt for it. But, just as there are benefits to filing jointly, it also comes with its downsides. This often takes the form...
Posted by Rosovich & Associates, Inc. on 12/18/2021
Usually, when taxpayers receive a notice and are assessed for penalties and interest related to federal income and informative tax returns, they tend to just pay them. Not so fast!...
Posted by James Financial Services Inc on 10/30/2021
With the new tax law raised in 2018, the standard deduction amount nearly doubled and with this, the number of taxpayers that itemize has reduced. This was a significant decrease from...
Posted by The TaxAdvocate Group, LLC on 07/17/2021
Financial abuse of the elderly population has increased, with financial institutions claiming to have quadrupled the number of such incidents between 2013 and 2017, according to the...
Posted by KLSM CPA Firm PLLC on 07/06/2021
A deliberate and conscientious attempt to defeat or evade federal or state taxes may result in tax evasion or tax fraud charges.It is often said that nothing in this world is certain...
Posted by Taxes Made EZ Inc on 06/18/2021
This article explores a step-by-step plan to set up a payment plan with Uncle Sam.File Outstanding Returns All your tax returns must be filed before your instalment agreement...
Posted by The TaxAdvocate Group, LLC on 05/24/2021
