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.
Don’t Expect to Find These Deductions When You File This Year
Don’t Expect to Find These Deductions When You File This Year A lot has been made of the all the tax changes this year, thanks to the Tax Cut and Jobs Act. Many of the laws have been altered and some have been completely eliminated. Certain credits have been cut, while others have been increased.…
Florida Man Tries to Keep Huge Tax Refund That Was A Mistake
Florida Man Tries to Keep Huge Tax Refund That Was A Mistake Just about every taxpayer eagerly waits for his or her tax refund this time of year. No matter what they plan to do with it, taxpayers can’t wait for that fat check from the IRS. But what if you somehow got a huge…
How Much Will Amazon Pay in Taxes on $11.2 Billion in Profit?
You might think a company that makes more than $11 billion in profit would have a huge tax bill. After all, that makes complete sense. However, in the case of Amazon, the online retail giant, their tax bill is quite small. In fact, according to recent reports, the company will be paying a whopping $0…
How to Claim Deductions for the Business Use of Your Vehicle
How to Claim Deductions for the Business Use of Your Vehicle One of the most common tax deductions for those who have a business is the use of a vehicle. If you use your vehicle for business then depending on your situation, you could reduce your business income significantly. That could be a big boost…