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.
Trak Fertility: Helping Men Become Dads | Karen Drexler
Transcript: Alan Olsen: Can you tell us a little about your background? Karen Drexler: I’m an entrepreneur in the medical device segment. What really got me here was an illness in my family. When I was in high school, my father was diagnosed with diabetes and ended up passing away pretty quickly from complications of…
The Power of Investing With ESG | Peter Kellner
Interview Transcript of: The Power of Investing With ESG | Peter Kellner Alan Olsen: Can you tell us a little about your background? Peter Kellner: I got out of college in the early 90’s with a real passion for sustainability. I went to Budapest, Hungary on a scholarship. My family is actually from Budapest and…
Maynard Webb, Author of “Dear Founder: Letters of Advice for Anyone Who Leads, Manages, Or Wants to Start a Business”
Transcript: Alan Olsen: Can you tell us a little about your background? Maynard Webb: I majored in criminal justice in college and was going to go on to law school. I got hired by IBM my senior year as a co-op student and a security guard, and then I was hired permanently by them and shipped from…
Charitable Donations May Avoid Capital Gains Tax
Charitable Donations May Avoid Capital Gains Tax Charitable donations may avoid capital gains tax if structured properly. Many family offices choose to be engaged in philanthropy at some level. Unfortunately, selling stocks and other securities in order to make a charitable donation often results in the need to pay capital gains tax. One way to…