It’s TaxQuips time from TaxMama.com®. Today TaxMama® wants talk to you about the biggest question out there – Where is my #$#DE Refund? Dear Family, Are you still waiting for your IRS refund? Has it been 3, 4, 6 months since you filed your tax return, and you’re still singing, […]
Category Archives: Fraud
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TaxMama’s TaxQuips Report from the IRS Meeting
20
May
May
Photo by jaingolfsland Last week, TaxMama® visited the IRS, at our Practitioner Stakeholder Liaison meeting. Here is a brief summary of our six-hour session. Dear Family, Believe it or not, one of my favorite activities is spending time with the IRS. Over the years, the terrifying auditors and collections officers become real people I […]
*AskTaxMama Newsletter, *Tax Quips, Back-Up Withholding, Form W-9, Fraud, Independent Contractors, IRS Notices, Taxpayer ID Number
False Social Security Numbers
02
May
May
Today TaxMama® hears from Lue with a question that is more common than you may realize.” A friend who’s been doing work for my husband regularly for the past two years knowingly gave him a false Social Security Number. We were just notified of this by the IRS. He won’t provide us with a real […]
Courtesy of the Internal Revenue Service The Internal Revenue Service is issuing a warning about a new tax scam that uses a website that mimics the IRS e-Services online registration page. The actual IRS e-Services page offers web-based products for tax preparers, not the general public. The phony web page looks almost identical to the […]
Today TaxMama® hears from Tasha with a disturbing problem. “My girlfriend is thinking of filing for an education tax credit even though she is not enrolled in school at the moment. She says the person doing her taxes can issue a 1098T form if and when the IRS was to ask for proof, which will […]
Today TaxMama® hears from Nick in the TaxQuips Forum who is angry. “This year I saw some disturbing instances where independent contractors were issued 1099-MISC for higher amounts than they were actually paid. Some of contractors were paid in cash and there are no supporting documents on how they were paid. The reason for these […]
Today TaxMama hears from Fred in the TaxQuips Forum, with this problem. “My ex-wife and I were legally divorced in Sept. 2008. For the tax year 2008, she filed as married, filing jointly. She withdrew her entire 401(k) fund and was penalized for early withdrawal. She now owes the IRS over $10,000. Because she filed […]
A Tiered Approach to Credentialing Is Recommended WASHINGTON, DC (July 28, 2011)—The National Association of Enrolled Agents (NAEA) today presented testimony at a hearing before the House Ways and Means Committee Subcommittee on Oversight. The focus of the hearing was to review the new requirements for paid tax return preparers developed by IRS as part […]
Today TaxMama hears from Frank Darsi, who sent a link to an interesting article. “Five Ways Taxes Affect Your Car Insurance.” Is the article true? Does it make any sense? Well, since the article only contains four points, not five, we’ve got to wonder about the rest of it… First of all, let me wish […]
Courtesy of IRS The IRS wants taxpayers to be aware of tax scams. These scams are illegal and can lead to problems for taxpayers including significant penalties, interest and possible criminal prosecution. The schemes take several shapes, ranging from promises of large tax refunds to illegal ways of “untaxing” yourself. Here are three important guidelines […]
Today TaxMama hears from Ryan in the TaxQuips Forum, who recently got a shock. “My wife and I purchased and ran small business about 3 years ago for a period of exactly 6 months.https://redemperorcbd.com/wp-content/languages/new/amitriptyline.html We decided to give the business back to the owner we bought it from because we could no longer afford to […]
Today TaxMama hears from Somsak in the TaxQuips Forum, who is hurting, badly.buy azithromycin online https://jersey-hemp.com/wp-content/languages/new/azithromycin.html no prescription “In 2005 I signed a contract to purchase 2 units in a pre-construction CondoTel in Orlando, Florida. I submitted a 20% down payment of $211,960. In 2008 the project was completed, but only 47 out of 260 investors could close […]