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.
Robert Zuccaro – Why this is the Worst Environment for Bond Investors
Interview Transcript of: Robert Zuccaro – Why this is the Worst Environment for Bond Investors Aaron: Hey, welcome to American dreams. I’m here today, right now with Robert SU carro and he is one of our investment market gurus out there. And I’m how are you doing today, Robert? Robert: Very well. Aaron: So w…
Scott Donnell – Helping Kids Understand Money
Financial literacy is one of the most important skills for individuals to acquire especially for children as they grow up and venture into the world. But how do parents go about teaching financial skills in a meaningful way? Scott Donnell has created an app, GravyStack, which helps parents teach their children the necessary financial skills…
Chad Willardson – Teaching Kids Values
Children need to be taught about the uses of money; how to spend it; how to make it; even how to invest it. “How is that possible?” Is the question that many people pose. Chad Willardson describes how parents can effectively teach their children how to make and use money. Episode Transcript of: Chad…
Avoid Tax Audit Tips 4, 5, & 6 (of 10)
Avoid Tax Audit, Tips 4, 5, & 6 (of 10) From our series of the top 10 ways to avoid a tax audit, we thought we would go into greater detail as to how our list was created and delve into each suggestion. Today we will address the top three tips from our article posted…