IRS Scams 2021

Tax Season is around the corner and unfortunately, that means tax scams. The IRS has reported that 2020 saw a significant increase in email and phone attempts to steal individuals’ tax information. Fraudulent emails often contain malware as well. Please be wary of any solicitations that appear to come from the IRS and remember these facts:

• The IRS will always mail a bill before calling you about taxes owed.
• The IRS will never ask for credit or debit card numbers over the phone.
• The IRS will never immediately threaten to arrest you for not paying taxes owed.
• The IRS will always offer the opportunity to question or appeal the amount owed before demanding your payment.
• The IRS does not use emails or text messages to discuss personal tax matters, such as taxes owed or tax refunds.

More Insights

Taxing Matters

New Federal Filing Requirement for Small Businesses in 2024: What You Need to Know

Beginning January 1, 2024, there is a new Federal filing requirement for small businesses that comes with large civil and criminal fines and possible jail time for noncompliance. To be in compliance, all small businesses (S Corps & C Corps and LLCs) need to file a Beneficial Ownership Information Report (BOI) with the Financial Crimes Enforcement Network (FinCEN).
Read more

Taxing Matters

Understanding the 2024 IRS Inflation Adjustments: What You Should Know

As we enter the new year, we highlight key IRS inflation-adjustment changes for 2024. Here is what you need to know: The IRS has released inflation adjustments for over 60 tax provisions for the 2024 tax year.
Read more

Up Next

Insights