Another Tax Scam Is Upon Us – Beware of Back Taxes Bullies

No one likes a bully. Bullies can wreck havoc on their victims. From swirlies to stealing lunch money, bullies are a big problem. The same can be said for tax bullies, except they want to steal a lot more than your lunch money. There have been several recent reports from different locations around the country that an old tax scam has resurfaced recently.

Callers, who claim to be with the IRS, are contacting taxpayers and threatening to sue them if they don’t pay their back taxes. Of course, for those who know they don’t owe any back taxes, this call can be simply a nuisance. However, for those who aren’t sure about their tax situation, these calls can be confusing and even quite scary. The callers can appear to be very legitimate and they can leave some of their victims feeling helpless.

The bottom line if you receive a call like this is that it is a scam. The IRS will not call taxpayers and threaten them, no matter how much they might owe in back taxes. They will always first send a letter to inform you of any kind of tax problem or situation. They won’t ask for personal information and they will never threaten to sue you or send you to prison.

If you receive any kind of call like this, don’t be alarmed. Instead, hang up and call the IRS to let them know, as well as your local authorities. The more people that are aware of the scam the fewer the victims the scammers will be able to get.

Posted in

Is Cryptocurrency Really Secure?

Is Cryptocurrency Really Secure? If you’ve been following the cryptocurrency market then no doubt you’re aware of the volatility of this digital currency. You’ve already seen the massive swings that Bitcoin, Ripple and others have taken over the past several months. Although the big jumps and crashes have made most of the cryptocurrency headlines. There…

How Will New Tax Reform Affect Divorce in the Coming Year?

How Will New Tax Reform Affect Divorce in the Coming Year?

How Will New Tax Reform Affect Divorce in the Coming Year? No one plans on getting divorced when they decide to tie the knot. Love will conquer all, right? Unfortunately, that’s not how things work and about half of all marriages still end in divorce. Divorce is almost never pleasant and any couple that decides…

TAX REFORM BRINGS NEW CHANGES TO SECTION 1202

Tax Reform Brings New Changes to Section 1202

Tax Reform Brings New Changes to Section 1202 Tax reform is here, love it or hate it. So, with the New Year here that means it’s time to start working under different tax law. To be clear, the 2017 tax year, for which you will file a return this year, is not affected by the…

The Best Cruises for Non-Cruisers

The Best Cruises for Non-Cruisers

The Best Cruises for Non-Cruisers Have you been on a good cruise lately? For some travelers, nothing beats a cruise. You get to relax on a floating resort with access to unlimited food, drinks and recreation without a care in the world. For some this is the definition of heaven. However, cruises aren’t exactly for…