August 23, 2016
Impostor scams-including tax related cons in which criminals pose as IRS agents to get money or personal information out of victims are the fastest growing threat to consumers today. This is according to a new survey from the Consumer Federation of America (CFA) and the North American Consumer Protection Investigators. “if someone calls or emails you unexpectedly claiming to be from the IRS, your utility company, a tech support company, or even your employer, don’t assume that it’s true,” said Susan Grant, CFA director of consumer protection and privacy. Grant warns consumers to be especially wary if someone demands money and asks you to pay with a prepaid or gift card. Those are increasingly popular because crooks can get their money in a hurry and in a way that cannot be traced.
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Was your 2016 Schedule A, line 9 close to or in excess of $10,000 ?
For most of our clients and friends the answer is YES.
An item that you may have control over as 2017 comes to a close are taxes paid.
The new tax law will limit your deduction on state, local, personal property and real estate tax to $10,000 in 2018 and forward. This...
There is still time to make moves to reduce your 2017 tax bill, but the final curtain is quickly closing. There is much debate over potential health care legislation and tax reform in Washington, DC, but major changes have yet to occur. This means any tax reform is likely to take center stage in 2018. Until then consider the following strategies:
As many as 143 million Americans were exposed in this most recent hack. They reported it to the public in September but discover the hack on July 29th. Why the delay?
The theft obtained consumers' names, Social Security numbers, birth dates, addresses and, in some cases, driver's license numbers. Such sensitive information can be enough for crooks to hijack the identities...