2021 – 09/28 Fraudsters are opportunists, and disasters present many opportunities to steal assets and information. These crooks target victims when they’re vulnerable, offering bogus help. They may also steal from generous people seeking to aid victims. The IRS warns that these scams usually start with unsolicited contact by phone, on social media, by email, in person or using bogus websites. Thieves may say they work for the IRS and can help victims get tax relief. Or they may claim to represent charities offering aid or collecting donations for victims. If you’re a disaster victim or a would-be donor, read these tips from the IRS to help you avoid being defrauded by scammers:
Similar Posts
Foreign Bank Account Reporting
2022 – 04/01 If your assets include foreign bank and financial accounts, you must annually file a Report of Foreign Bank and Financial Account (FBAR). The IRS is reminding affected taxpayers that the deadline to file an FBAR generally is April 15. Specifically, taxpayers must file FBARs if they have financial interest in or signature…
100% Bonus Depreciation
2020 – 09/23 The IRS has issued another set of final regulations on the additional first-year depreciation deduction, otherwise known as 100% bonus depreciation. The deduction generally applies to qualifying property acquired and placed into service after Sept. 27, 2017, and before Jan. 1, 2023. The final regs offer guidance on the requirements that must…
Claiming a theft loss deduction if your business is the victim of embezzlement
2021 – 09/07 A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count as theft? In most cases it does but you’ll have to substantiate the loss. A recent U.S. Tax Court decision illustrates how that’s sometimes difficult to do. Basic rules for theft losses…
Changes to premium tax credit could increase penalty risk for some businesses
2021 – 04/14 The premium tax credit (PTC) is a refundable credit that helps individuals and families pay for insurance obtained from a Health Insurance Marketplace (commonly known as an “Exchange”). A provision of the Affordable Care Act (ACA) created the credit. The American Rescue Plan Act (ARPA), signed into law in March 2021, made…
5 ways to control your business insurance costs
2022 – 03/02 Common sense dictates that every company, no matter how small, should carry various forms of business insurance. But that doesn’t mean you should pay unnecessarily high premiums just to retain the coverage you need. Here are five ways to better control your insurance costs without sacrificing the quality of your policies: 1….
Family Leave Credits
2021 – 08/09 The IRS has announced that 2021 family leave credits are available for employees who’ve helped others receive COVID-19 vaccinations. Wages paid for leave taken to accompany an individual who’s obtaining a COVID-19 vaccination (or to care for an individual who’s recovering from a vaccination) may be considered qualified family leave wages for…
Foreign Bank Account Reporting
2022 – 04/01 If your assets include foreign bank and financial accounts, you must annually file a Report of Foreign Bank and Financial Account (FBAR). The IRS is reminding affected taxpayers that the deadline to file an FBAR generally is April 15. Specifically, taxpayers must file FBARs if they have financial interest in or signature…
100% Bonus Depreciation
2020 – 09/23 The IRS has issued another set of final regulations on the additional first-year depreciation deduction, otherwise known as 100% bonus depreciation. The deduction generally applies to qualifying property acquired and placed into service after Sept. 27, 2017, and before Jan. 1, 2023. The final regs offer guidance on the requirements that must…
Claiming a theft loss deduction if your business is the victim of embezzlement
2021 – 09/07 A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count as theft? In most cases it does but you’ll have to substantiate the loss. A recent U.S. Tax Court decision illustrates how that’s sometimes difficult to do. Basic rules for theft losses…
Changes to premium tax credit could increase penalty risk for some businesses
2021 – 04/14 The premium tax credit (PTC) is a refundable credit that helps individuals and families pay for insurance obtained from a Health Insurance Marketplace (commonly known as an “Exchange”). A provision of the Affordable Care Act (ACA) created the credit. The American Rescue Plan Act (ARPA), signed into law in March 2021, made…
5 ways to control your business insurance costs
2022 – 03/02 Common sense dictates that every company, no matter how small, should carry various forms of business insurance. But that doesn’t mean you should pay unnecessarily high premiums just to retain the coverage you need. Here are five ways to better control your insurance costs without sacrificing the quality of your policies: 1….
Family Leave Credits
2021 – 08/09 The IRS has announced that 2021 family leave credits are available for employees who’ve helped others receive COVID-19 vaccinations. Wages paid for leave taken to accompany an individual who’s obtaining a COVID-19 vaccination (or to care for an individual who’s recovering from a vaccination) may be considered qualified family leave wages for…
Foreign Bank Account Reporting
2022 – 04/01 If your assets include foreign bank and financial accounts, you must annually file a Report of Foreign Bank and Financial Account (FBAR). The IRS is reminding affected taxpayers that the deadline to file an FBAR generally is April 15. Specifically, taxpayers must file FBARs if they have financial interest in or signature…
100% Bonus Depreciation
2020 – 09/23 The IRS has issued another set of final regulations on the additional first-year depreciation deduction, otherwise known as 100% bonus depreciation. The deduction generally applies to qualifying property acquired and placed into service after Sept. 27, 2017, and before Jan. 1, 2023. The final regs offer guidance on the requirements that must…
Claiming a theft loss deduction if your business is the victim of embezzlement
2021 – 09/07 A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count as theft? In most cases it does but you’ll have to substantiate the loss. A recent U.S. Tax Court decision illustrates how that’s sometimes difficult to do. Basic rules for theft losses…
Changes to premium tax credit could increase penalty risk for some businesses
2021 – 04/14 The premium tax credit (PTC) is a refundable credit that helps individuals and families pay for insurance obtained from a Health Insurance Marketplace (commonly known as an “Exchange”). A provision of the Affordable Care Act (ACA) created the credit. The American Rescue Plan Act (ARPA), signed into law in March 2021, made…
5 ways to control your business insurance costs
2022 – 03/02 Common sense dictates that every company, no matter how small, should carry various forms of business insurance. But that doesn’t mean you should pay unnecessarily high premiums just to retain the coverage you need. Here are five ways to better control your insurance costs without sacrificing the quality of your policies: 1….
Family Leave Credits
2021 – 08/09 The IRS has announced that 2021 family leave credits are available for employees who’ve helped others receive COVID-19 vaccinations. Wages paid for leave taken to accompany an individual who’s obtaining a COVID-19 vaccination (or to care for an individual who’s recovering from a vaccination) may be considered qualified family leave wages for…