First, under the flat tax, business losses can not be used to lower taxes on household income (wages, salaries, and pensions). So that would probably mean a higher tax burden for Trump. Second, the tax treatment of business changes in ways that would both help Trump and hurt Trump. The...
Even though the IRS does communicate by letter, a letter that seems to be from the IRS may not be legitimate. Scammers can send fake IRS notices by mail, and they can be challenging to authenticate. Be suspicious if the letter asks for money. A letter asking you to make out a check ...
1. 'Unclaimed refund' scam Picture this: The doorbell rings, a delivery person appears, and you're quickly handed a cardboard envelope. Inside the mailer is an official-looking letter from the IRS, telling you that you're entitled to a refund. To collect it, you'll just need to email...
The IRS is requesting AAF submit internal financial data as well as communications, including meeting notes, publications and newsletters, according to the letter from the IRS to AAF obtained by the DCNF. The conservative nonprofit organization, which the IRS approved for tax-exempt status in Augus...
“While the process didn’t happen overnight, IRS Help was able to help me save my business and save over $35,000 that was owed to the IRS” — Charisse F. — “After going through two bankruptcies and several attorneys, IRS Help was able to finally solve my problem.My company is no...
given steps to appeal your payment first. And you’ll never be asked to make payments directly to the “IRS”—instead, payments will always be made to the Treasury department, which you can do by visitingwww.irs.gov.(And if the letter mentions gift cards? Forget it, that’s a scam....
You receive an IRS letter indicating one or more tax returns have been filed using your SSN; or You receive a balance due notice, refund offset notice, or have collection actions taken against you for a tax year when you didn’t file a return or receive a refund. ...
Along with the Web page listing the recipient’s personal and bank account information, each recipient is given a “transaction error correction letter” with IRS letterhead (see image below) that includes many of the same personal and financial details on the HTML page. It also gives the recip...
With the exception of a “few unique circumstances,” the IRS said these unannounced visits will end effective immediately and taxpayers will instead receive a mailed letter to schedule appointments. The IRS said the “rare” unannounced visits will include summonses, subpoenas and “sensitive ...
entered into installment programs that they cannot afford. They also report that the program costs the U.S. Treasury more money that it collects from the program. Due to increasedIRS impersonating phone scams, the IRS warns taxpayers that they will first contact them via a letter in the mail...