Report any suspected scams to the appropriate authorities to minimize damage. Tax season is a prime time for scammers to exploit taxpayers. From fake refund offers to threats of legal action, these fraudsters use various tactics to steal your money and personal information. By staying informed and...
How to report suspected scams If a scam is suspected, it’s crucial to report it. While some may have been able to spot the warning signs, others may not. Report charity scams as quickly as possible to help raise awareness and potentially stop fraudsters from being able to scam more ...
Assuming all your details match their records, you'll move straight onto the IRS payment timetable. The question "how long does it take to get my tax refund?" typically has a happy answer: less time than you might expect! From e-filing to IRS acceptance Once you've taken...
Staying up-to-date on the latest scamming methods can help keep you safe from fraud. Use Chase's helpful guide on common scam techniques and how to avoid them.
One of the biggest reasons to file as soon as possible is to avoid tax fraud. Maryalene LaPonsieMarch 18, 2025 What to Do if You Can't Pay Your Taxes As long as you make some sort of effort to report and pay your taxes, you're not likely to get into criminal trouble. ...
By default, an LLC is taxed by the IRS based on the number of owners your LLC has: A Single-Member LLC is taxed like a Sole Proprietorship. A Multi-Member LLC is taxed like a Partnership. Alternatively, you can ask the IRS to tax your LLC like a C-Corporation or S-Corporation. Mar...
12 Steps to a Happy Retirement Follow these 12 steps to find fulfillment and retire happy. Rachel HartmanApril 15, 2025 Tax Day Poses New Dilemmas for Retirees You may find filing your taxes to be more complicated than when you worked full time. ...
Beyond just getting paychecks out, you also need to file payroll taxes with the IRS and your state, submit reports like the quarterly 941 form, and issue year-end tax forms such as W-2s or 1099s. Don’t forget to reconcile your payroll records and keep everything well-documented. That ...
your information and file for a refund in your name. Thieves often use false deductions and other types of fraud to extract those refunds, which can taint your record and be complicated to unwind. The IRS has information on what to do if you suspect you are a victim of tax identity ...
status for tax purposes, you may incurunderpayment penalties, accrue interest on unpaid taxes, and receive additional scrutiny from tax authorities. Penalties are often a percentage of the unpaid tax amount. In severe cases, intentionally misrepresenting your tax residency can lead to fraud charges....