If your phone is still ringing with tax scams and IRS impersonations, you’re not alone. J. Russell George, the Inspector General, has referred to these ongoing schemes as “the largest scam of its kind that we have ever seen.” As IRS and TIGTA try to combat the growing problem of identity theft and tax scams, the fraudsters are hoping to stay a few steps ahead. They’re switching up their schemes in an effort to not get caught. Have you read about their latest efforts?
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11 (Or 12) Uses For Leftover Halloween Candy – Complete With Tax Consequences
Stuck with too much Halloween candy? Consider this list of ways to empty your bag… and don’t forget to consider the tax consequences!
Read MoreIRS Announces 2015 Tax Brackets, Standard Deduction Amounts And More
The Internal Revenue Service has announced the annual inflation adjustments for a number of provisions for the year 2015, including tax rate schedules, tax tables and cost-of-living adjustments for certain tax items. If you’re looking for 2015 tax rates, here you go!
Read MoreFundraising Campaign Ends For Ebola Virus Free Nurse
Nina Pham, the nurse who contracted Ebola while taking care of Thomas Eric Duncan, has been declared free of the virus. The fundraising campaign for her has now wrapped and donors are encouraged to put their dollars towards Ebola charities. Exercise care, though: Ebola related scams are on the rise.
Read MoreApple Adds Egg Freezing As Employee Benefit
Apple and Facebook have fired the latest round in the “perk wars” – efforts to woo and keep talent in the tech sector. Not content with fancy meals, tech companies are offering female employees the opportunity to freeze their eggs. As perks keep expanding, what are the tax consequences to those employees?
Read MoreTaxpayers Freaking Out Over 2015 Tax Refund Hoax
Earlier this week, a panicked reader shot me the link to an article with this headline: 2014 Federal Tax Refunds To Be Delayed Until October
Read MoreGuest Post: IRC 107 – Ripe for Repeal
It’s time for guest posts! Today, Richard Baty, a retired IRS Appeals Officer, takes on tax breaks for the clergy.
Read MoreGuest Post: When Income Tax Cuts Masquerade As Estate Tax Repeal
It’s time for guest posts! Today, Josh Hoxie of the Director of the Project on Taxation and Opportunity at the Institute for Policy Studies (IPS) discusses the federal estate tax and its relationship to income tax.
Read MoreBack To School 2014: Recordkeeping
(UPDATE: The giveaway is now closed. We have our winner! See the comments for more info.) It’s the end of our Back To School 2014
Read More2015 Tax Rates, Brackets & Exemption Amounts May Save Taxpayers Money
The U.S. Bureau of Labor Statistics reported today that the consumer price index (CPI) has dropped off by .2%. The dip was not expected and
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