In the IRS’ annual “Dirty Dozen” list of tax scams for the year, taxpayers are urged to watch for some of the old tricks, like fake e-mail messages or threatening phone calls by those purporting to be the IRS, to newer scams of fraudsters posing as fake charities...
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The U.S. Attorney’s Office takes Swift Action on CARES Act Fraud
The Department of Justice and U.S. Attorneys’ Offices around the Nation regularly investigate and prosecute tax preparers who prepare and file fraudulent income tax returns with the IRS. These government agencies are now seeking out those fraudsters who have filed...
The IRS Wealth Squad Wants You!
IRS insiders have indicated that the IRS’ Global High Wealth Industry Group will be targeting hundreds of wealthy taxpayers for audit beginning now and throughout the fall. These audits will likely include the taxpayer’s individual tax return, along with all...
Reminder for Mid-Year Tax Withholding Check-Up
Although the federal and state tax agencies may have been generous with late filing and payment due to COVID-19, it is important that taxpayers pay attention to proper withholding throughout the year to avoid a large tax bill at the end of the year, and possible...
Choose Wisely when Hiring a Tax Professional
The IRS has released guidance on how to select a tax professional and reminders regarding a taxpayer’s obligations to review the tax return before signing and submitting the return to the IRS. Read more here.
$1.5 Billion in Tax Refunds Set to Expire!
If you have not filed a 2016 income tax return and may be due a refund from the IRS, time is nearly out to claim your refund. The IRS estimates 1.4 million people may fall into the category of those who are due a refund. File now!
IRS Taxpayer Advocate’s Report to Congress Focuses on Taxpayers
The IRS Taxpayer Advocate has issued their Report to Congress with FY 2021 priorities that deserve the closest scrutiny and congressional oversight being improving taxpayers’ experience with the IRS, protecting the rights of taxpayers impacted by COVID-19, reducing...
Legal Clients with Offshore Accounts, Beware! The IRS can Summons Information from your Lawyer!
A federal appellate court upheld an order enforcing an IRS summons sent to the Taylor Lohmeyer Law Firm, PLLC. The firm was required to provide information regarding foreign bank accounts and entities it assisted clients in forming. The government argued that by...
Don’t Get Scammed!
The IRS provides information on financial schemes and COVID-19 fraud. For more information, see the full news release.
Need to File an Amended Tax Return? The IRS now has Online Filing
The IRS will soon allow taxpayers to file amended Forms 1040-X online for tax years 2019 forward. For more information, see the full news release here.
