Tagged: taxes Toggle Comment Threads | Keyboard Shortcuts

  • Geebo 8:00 am on March 28, 2023 Permalink | Reply
    Tags: , , , , , taxes   

    Not all tax preparers are on the level 

    Not all tax preparers are on the level

    By Greg Collier

    With the income tax deadline less than a month away, we’re sure there are still some who haven’t filed their tax return yet. One of the many benefits of filing early is avoiding a scam that was commonplace during the pandemic. Scammers would file returns in their victim’s name, and collect the return payment. When the victim went to file their return themselves, they would get a letter stating someone else had already claimed their return. This resulted in a bureaucratic nightmare for the victims. If you still haven’t filed, there’s another scam that you need to be aware of, especially if you’re having your taxes done professionally.

    A woman from Virginia is out $3000 after she allowed a company to process her tax return. She found an ad for the company through a social media ad, which we would never recommend doing. The victim went to the company’s website, and they appeared to be legitimate. She even had multiple conversations with the company over the phone and through emails. However, when it came to her tax return, the company allegedly filed her return without her permission and stole the payment. When the victim tried to contact the company, they had already disappeared.

    If you still need your taxes prepared, there are ways to protect yourself from this scam. Make sure to choose a tax preparer who is licensed and registered with the IRS. You can check the credentials of a tax preparer on the IRS website or through the Better Business Bureau.

    If a tax preparer promises you a big refund without even looking at your tax documents, it’s probably too good to be true. Avoid tax preparers who make unrealistic promises.

    Never sign a blank tax return or one that has incomplete information. Review your tax return thoroughly before signing it.

    Review your tax return for accuracy before submitting it to the IRS. If you notice any errors, contact your tax preparer immediately.

     
  • Geebo 9:00 am on March 2, 2022 Permalink | Reply
    Tags: , , , , , , taxes   

    Here’s how to deal with tax scammers on the phone 

    Here's how to avoid tax scammers on the phone

    By Greg Collier

    We’re just a month and a half away from the tax deadline this year. In 2022, there’s no courtesy extension due to the pandemic. U.S. tax returns are due on Monday, April 18th. As the deadline draws closer, scammers may see it as having their own deadline, the deadline to commit as many tax scams as possible. Not all tax scammers are after your refund check. Many of them are attempting to get your sensitive personal information instead. To accomplish this, they’ll imitate the one federal agency that everyone fears, the IRS.

    Many scammers will call their victims, posing as the Internal Revenue Service. If the scammer is attempting to get money from you, they’ll set out to get you to make a payment to them, typically in non-traditional means like gift cards or cryptocurrency. If the scammers are trying to steal your personal information, they may tell you the IRS owes you money, but they’ll ask you for personal information to verify your identity. What they’re actually attempting is to steal your identity.

    CNBC has a great article on how to help avoid these scams. According to CNBC, if anyone calls you claiming to be the IRS saying you owe them money, ask them for as many details about the supposed case as possible. While it’s not a guarantee the scammer won’t hang up at this point, it is said that it will stop the majority of scammers from pressing forward. You can also tell the caller you’re not comfortable giving personal information over the phone and would rather continue communication by mail.

    It’s always good to keep in mind the IRS does the majority of its official communication through the postal mail. The agency will only call you if you’ve already been in contact with them through the mail. They will not call you about a case that they just opened.

     
  • Geebo 8:00 am on July 30, 2021 Permalink | Reply
    Tags: Child Tax Credit, , , , taxes   

    New scam targets families with children 

    New scam targets families with children

    By Greg Collier

    Recently, the IRS started issuing payments for the Child Tax Credit to eligible families. Unsurprisingly, this has brought out the scammers who are looking to get their hands on your money. The FBI has issued a warning letting people know that the scammers are out there and looking to steal the payments from families who desperately need it. Here are some tips on how to try to avoid these scams.

    Many of these scams are recycled scams from when the stimulus payments were being issued. If your bank account information is already on file with the IRS, you don’t have to do anything to receive your payment. The payment will be sent to you through direct deposit. Anyone who says that you have to sign up for some service to receive your payment is trying to scam you. No one can help you get your payment earlier, either.

    Scammers will also pose as the IRS on the phone and try to pressure you into giving up your financial information. They may even threaten you with arrest if you don’t comply with them. Keep in ind that the IRS rarely calls anyone out of the blue, nor do they threaten anyone with arrest. These are the high-pressure tactics of a scammer who is trying to scare you into giving them your information.

    The IRS won’t email or text you, either. So if you receive a message asking you to click on a link to receive your payment, it is a scam. More than likely, you’ll be taken to a scam website that looks official that will ask you for your personal and financial information. If you give that information up, it’s almost guaranteed that your money will end up in the hands of a scammer.

    If you feel like you have been scammed out of your Child Tax Credit, notify your bank and contact the IRS.

     
  • Geebo 9:00 am on February 6, 2020 Permalink | Reply
    Tags: , , , , , , taxes   

    Identity thieves could steal your tax refund 

    Identity thieves could steal your tax refund

    We’ve discussed IRS scams in the past but those scams usually involve someone posing as an IRS agent demanding money from their victims. Now, with it being tax season, there is a whole different scam to be on the lookout for and that’s the tax identity theft scam. In this scam, identity thieves get a hold of your Social Security number and try to steal your tax return using your personal information. With the advent of electronic filing and direct payments, it’s easier than ever for someone to file a phony tax return before the victim even knows about it.

    One of the main ways that identity thieves steal your personal information during tax season is posing as tax preparers. If you’re going to have your taxes prepared professionally stick with the more reputable and well-known firms. If you’re going to use a local tax preparer for the first time, do your research on their reputation and performance. A number of fly by night operations seem to pop up out of nowhere during tax season. If they’re offering their service at below-market costs this could be an indicator that they’re not on the up and up.

    [youtube https://www.youtube.com/watch?v=GeUBklHuH3M%5D

    The best way to avoid this scam is to file your return as early as possible. Basically, you want to try and get your return in before any potential identity thieves do. If you’re filing by mail you should take your return directly to your local post office and not risk leaving it to sit in a mailbox. And definitely don’t leave it in your own mailbox for the postal carrier to pick it up. It could be easily stolen from your mailbox that way.

    If you receive a letter from the IRS stating that a duplicate return has been received get in touch with them right away as that means that someone did, in fact, file a return in your name.

     
  • Geebo 8:00 am on June 21, 2019 Permalink | Reply
    Tags: e-scooters, electric vehicles, , , Regulus, taxes, Tesla Model 3,   

    Teslas hacked and more electric vehicle news! 

    Teslas hacked and more electric vehicle news!

    If you’re in the market for a Tesla Model 3 and want to take advantage of its Enhanced Autopilot feature, you may want to think again. A team of cybersecurity researchers known as Regulus claims that they have been able to hack into a Tesla Model 3 and essentially take remote control of the car while on autopilot. Regulus performed this experiment in a closed location and were successfully able to cause the car to malfunction with parts that can be bought off the shelf. While it’s doubtful that these attacks will become widespread immediately, it does show that autonomous vehicles may not be ready for primetime just yet as many of its proponents claim.

    [youtube https://youtu.be/fJwEpcAQou0%5D

    The State of New York is getting ready to pass legislation that would make electric scooters and bicycles available for rent in their state. However, it will be up to the individual municipalities to determine where the scooters can be ridden and left out for rent. What remains to be seen is how they will be embraced by residents of the Empire State. In many communities such as Seattle and Austin, Texas, many residents have found them to be a public nuisance have taken to throwing the scooters in lakes and rivers. While New York City Mayor Bill de Blasio is supporting the new legislation, it will be interesting to see if scooters in the Five Boroughs end up in the Hudson River.

    Lastly, if you own an electric or hybrid vehicle and live in the state of Utah, you may be paying more out of pocket. While only 2% of vehicles in Utah are electric or a hybrid, the state is looking to make up for the loss in revenue when it comes to the highway tax that the state makes off of gasoline sales. Under a voluntary program starting in January, the state would want to charge electric and hybrid drivers 1.5 cents for every mile driven. While a tax like this seems inevitable with many drivers moving on to electric vehicles it will be interesting to see how states enforce such a tax once electric vehicles become more commonplace.

     
  • Geebo 8:00 am on March 26, 2019 Permalink | Reply
    Tags: , , , , , taxes   

    Wrapped car jobs, more from the IRS, and DNA scams 

    https://wwmt.com/news/local/better-business-bureau-warns-of-car-wrap-scam-found-in-local-newspaper

    What a wrapped car may look like.

    We have three scams happening across the country for you again. As we’ve stated before, if the scams are happening in one community, they could be happening in yours.

    If you think you’re not going to get scammed by using your local newspaper’s classified section you’d be wrong. While not as prevalent on some of our competitor’s sites, scams do happen on print classifieds as well. For example, in Kalamazoo, Michigan, the BBB is reporting that a number of people have submitted complaints about an ad promising $300-$400 per week by driving your car around with advertisements on it. It’s called car wrapping and is usually as much as a legitimate job as a secret shopper. And the goal of the car wrapping scam is the same as the secret shopper. People who applied for the job were told to cash a check they were sent, keep some of it as your payment, and send the remainder to someone else. The check turns out to be phony but if you cashed the check your bank will make you foot the full amount of the check. Remember, there’s no such thing as easy money.

    [youtube https://www.youtube.com/watch?v=TVZ-ipPX7ao%5D

    With the annual income tax deadline looming, the IRS has released their Dirty Dozen of IRS scams. Some of these scams we’ve covered before such as don’t take calls from someone claiming to be the IRS as they ever rarely call someone over tax issues. One of the scams that we’ve not mentioned before is to be wary of shady tax return preparers. While most tax professionals would never try to rip off a client, there are some shifty ones who would use your tax return as a way to steal your identity. They may also promise you an unusually high return. The IRS also warns you not to avoid paying taxes by claiming that income tax is somehow illegal or unconstitutional. No one has ever proven that and you’ll end up owing the government a lot more money than you did before.

    Previously we’ve posted about a scam where a scammer poses as your county and threatens to send you to jail for skipping jury duty. The scammers will try to make you pay a fine over the phone which most county governments never do. Now, the Washoe County Sheriff’s Office in Nevada is warning about a twist on that scam. In this new scam, the perpetrators claim to be local police and that your DNA has been found at a crime scene. They’ll then try to get you to make a payment through Bitcoin, wire transfer, or gift cards. Again, if you’re DNA was found at a crime scene, police would come to your location and not make a phone call. That’s not to mention that county governments would not ask for payment outside of check, cash or credit/debit card.

     
  • Geebo 10:00 am on March 6, 2019 Permalink | Reply
    Tags: , , , , , , , taxes   

    Tax collection, Homeland Security, and yet another puppy scam 

    Tax collection, Homeland Security, and yet another puppy scam

    It’s time again to bring you some more scams that are happening around the country that could ultimately impact your area and possibly someone you know.

    First up is a twist on the typical IRS scam. In the typical IRS scam, someone will call a victim on the phone pretending to be from the IRS trying to pressure the victim into making an immediate payment on a tax bill that doesn’t actually exist. The flaw in this scam is that the IRS rarely calls a taxpayer to settle any taxes owed. Instead, the IRS is known for mailing out any delinquent tax notices. That’s where this new scam being reported out of Sullivan County, Tennessee takes it up a notch. The scammers are mailing out letters claiming to be from a “Tax Enforcement Department” which then directs potential victims to call a phone number to make a payment. If you receive a letter like this and you feel like you may owe the IRS some money always call the IRS directly at (800) 829-1040.

    Speaking of government agencies, our next scam involves possible the most fear-inducing branch of the government and that’s the Department of Homeland Security. The DHS recently released a warning stating that scammers were calling people posing as the DHS by spoofing official DHS phone numbers. That way when someone receives the call it appears to be from DHS itself when in reality it’s just a scammer. The scammers are said to be claiming that the people they call have been victims of identity theft and ask the victims for personal information or threatening people with immigration offenses if they don’t make a payment right then and there. Some of these scammers are even sending out emails using an uscis.org email address. That is similar to but not the web address of DHS which is actually uscis.gov If you receive one of these phone calls or emails, the DHS requests that you call them at 1-800-323-8603.

    Lastly, we have an online puppy scam that has an added level of cruelty added to it. Luckily, no puppies actually exist in this scam if you can call that lucky. An online puppy scammer is said to be taking money from victims over PayPal as a deposit for a purebred puppy. The phony breeder then directs all of their victims to an address in Atlanta, Georgia to pick up the fictitious puppy. According to FOX 5 Atlanta, people have driven from as far away as Detroit. The man who lives at the Atlanta address has had to tell all the people who showed up on his doorstep that they’ve been scammed. Buying puppies online is always a risky venture as there are a plethora of scams involving puppies, some of which end up with puppies being bred in backyard puppy mills. When searching for a new pet for your family you should always deal with a locally licensed breeder or your local shelter. You’re less likely to run into scammers this way.

     
  • Geebo 11:11 am on November 30, 2016 Permalink | Reply
    Tags: , , , , taxes   

    Some towns considering a Netflix tax 

    Some towns considering a Netflix tax

    Did you ever notice that when it comes to cable options you’re pretty limited to one cable company in your area? That’s because municipalities usually enter into exclusivity arrangements with cable companies. This is why one town can have Comcast while the next town over could have Time Warner or Cox. Of course these agreements can be financial boons for many cities.

    These exclusivity agreements have been going on since the advent of cable TV. This lack of competition is also why cable companies feel they can charge outrageous monthly fees for a ton of channels that you will hardly ever use. Fast forward to today and the landscape of paid entertainment content has vastly changed. Services like Netflix have led many former cable customers to cut the cord. This means that many cities and towns aren’t getting the same financial benefit since cable subscriptions are down. In order to make up the lost revenue many municipalities are considering a ‘Netflix tax’.

    Glendale, Santa Barbara, Stockton, and Sacramento are among the more than 40 California cities who are currently seeking guidance from municipal consultants as to how they might implement a Netflix tax.

    Unfortunately it’s the regional monopolies that these cities have created for the cable companies that has led to the cord cutting movement. Monopolies breed complacency while competition breeds innovation and lower prices. Basically these cities are considering taxing the solution to the problem they caused. If that’s not governmental bureaucracy in a nutshell I don’t know what is.

     
c
Compose new post
j
Next post/Next comment
k
Previous post/Previous comment
r
Reply
e
Edit
o
Show/Hide comments
t
Go to top
l
Go to login
h
Show/Hide help
shift + esc
Cancel