October 12, 2016
There is an insidious new IRS scam doing the rounds. They send you a phony IRS CP 2000 form and claim the income reported on your tax return does not match the income reported by your employer. This is meant to get you worried. To confuse you further, the bad guys claim this has something to do with the Affordable Care Act.
You might receive emails with attached phony forms, text messages and even live calls to your phone about this! You need to know that the IRS will never initiate contact with you to collect overdue taxes by an email, text message or phone call.
If you get any emails, text messages, old-time snail mail or even live calls about this, do not respond and/or hang up the phone. If you receive a "CP 2000" form in the mail and doubt this is legit, you can always call the IRS at 1-800-366-4484 to confirm it is a scam.
With 2019 officially here, it is time to remind you that January 15th is the due date for the fourth quarter estimated tax payments. If you are required to make estimated tax payments, use the payment vouchers that you received after filing your 2017 returns.
Remember, if you do not pay enough tax by the due date of each payment period, you may be charged a penalty when you file your...
The holiday season is already in full swing, and as much as it can be a welcome distraction can be from our everyday lives, that distraction can cause its own issues as well.
We’ve noticed, here at SGA, an increased number of instances of scam emails and voicemail schemes lately. The scammers are trying to catch you off guard and get you to react in a way that you might...
The IRS requires you to keep your records that support an item of income or deduction on a return until the period of limitations for that returns runs out. The period of limitations is the period of time in which you can amend your return to claim a credit or refund, or the IRS can assess additional tax.
Period of Limitations: