P.S. The article also cites thebogus estimate of a $1 trillion tax gap. If theEconomistnow is in the business of uncritically regurgitating make-believe numbers, I’m also willing to play that game. I encourage that magazine’s reporters to call me and I’ll blindly claim that all t...
WASHINGTON -- Scam artists are bilking blacks nationwide by charging them for information about a phony "slave reparation" tax credit, the latest in a line of schemes dealing with money for descendants of slaves, federal officials said yesterday.U.S. Newspapers...
The emails asks people to click a link and submit a form to claim their refund. The phishing website then requests people to provide personal information, such as their name, date of birth, Social Security number, driver’s license number, current address and more. FILE - Students ...
The recipients are people who were eligible for, but did not claim, the 2021 Recovery Rebate Credit (RRC). By the end of next month, they should have the funds in hand, or directly deposited into their bank accounts. The maximum RRC amount is $1,400 per person, but the exact amount ...
Email scams are another major threat. You might receive an email that appears legitimate because the scammer has appropriated the IRS logo or an actual tax software company’s logo. The email may claim to be about your refund, return status, or tax account.20 ...
I am a single filer with no dependents and didn’t claim or get any other credits. Answer:The most likely reason for the smaller refund, despite the higher salary is that you are now in a higher tax bracket. And you likely didn’t adjust your withholdings for the applicable tax year. ...
The IRS is warning tax professionals and taxpayers of IRS scammers which attempt to steal their tax software preparation credentials. If you use eFile.com or any other software, be on the lookout for emails that claim "your account has been put on hold" or "open this email to unlock your...
“These promoters frequently charge a large fee to the taxpayer to make these false claims. While the scammers drive away with the fees, the taxpayers are left behind with a bad claim and all the risk and responsibility to make it right. Taxpayers must remain cautiou...
The TCJA created a higherstandard deduction, removed many deductions in order to make deductions generally easier for common taxpayers to claim, and simplified many aspects of the U.S. Tax Code. This allowed the lower and middle class to take advantage or moretax breakswithout needing to have ...
In one version of the scam, criminals are pretending to be debt collection agency officials acting on behalf of the IRS. They’ll call taxpayers who’ve had fraudulent tax refunds deposited into their bank accounts, claim the refund was deposited in error, and threaten recipients with criminal ...