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Why It’s Not Smart To Get A Big Refund Every Year

IRS Tax Refunds

Why It’s Not Smart To Get A Big Refund Every Year:

The Government:

The government collects taxes from taxpayers at a rate that is affected by multiple things. Your withholdings and your income can affect your withheld taxes. The annual tax return is the money the IRS gives back to you after they have counted all your taxes. This essentially means they are giving you back the money they were never supposed to take in the first place. A big tax refund sounds good, but it’s not. A big tax return means that the IRS has taken more money from you than they were supposed to take!

How To Avoid This:

There are many ways to avoid the IRS taking too much money from you. The first tip we would give you is review your withholdings. There are many things that can be considered withholdings, including your home, the investments you’ve made, or life changing events. If you own a home, you can claim your mortgage interest and property tax deductions! If you own an investment property, you can claim the expenses the property has costed you. Big life events, such as a divorce or a new child can also affect your tax information. Every taxpayer is different! Call us for a free consultation with a IRS lawyer. If you can’t do either of these things, then consider the tax return a savings plan. Put all that money into savings, and act like the IRS took it for good. If you need any more help with your tax returns, call IRS Audit Group at 888-300-6670 today!

IRS Audit Group:

What To Do?

The low tax returns are some of the benefits that are coming into effect as part of the Tax Cuts and Jobs Act. This is the biggest piece of tax legislation in the past thirty years, and as a result, it’s important to understand how they may affect you during the 2019 filing season. We can help you with all your taxpayer needs, including figuring out your tax return information, or any other questions about IRS or taxpayer procedures.

Contact Us:

Contact us today for help with any IRS related issue, including your tax return.  and much more. Contact us at 1 (888) 300-6670 to get in touch with one of our friendly team members who can answer all of your questions. You can visit us at IRSAuditGroup.com or email us at [email protected]

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How to Avoid Problems with the IRS

Although being audited is unlikely, it can still happen and you do not want to be one of them. Sometimes the IRS audits at random but on other occasions it is because they have spotted an inconsistency in your returns. To avoid this and lower your chances of getting into trouble with the IRS, be mindful of these tips.

 

  • Report all income – Be sure that ALL your income is reported, not just the money you have made from your job or employer. Any money you have acquired needs to be reported on your forms.
  • Hire an Accountant – We are happy to help and are able to field all your questions while also making sure that all of your income and deductions are reported properly. The less error, the less chance of being audited.
  • Do not round your figures – Perfect numbers where you have spent exactly $200 or have earned exactly $50,000 catch the IRS attention since it is highly unlikely that this is the case. Be sure to document down to the penny of how much you spent or made.
  • Check your math – This is super important since simple math mistakes can throw off all your numbers. Check your math and be sure that everything is added and subtracted as it should be and that your figures make sense.
  • Back up Deductions – It is important to make sure that all of your deductions have appropriate support in order to prove that the deductions are actually valid. This includes receipts, odd figures and low income catch the IRS eyes.
  • File on Time – Filing late is a red flag, amended tax returns go through a screening process and tend to be audited more often than returns that are filed on time.
  • Document Alimony Payments – Alimony payments are considered taxable but are considered deductible if certain expectations apply. To get the entire list, check the IRS website.
  • Be Careful when Claiming Business Use of a Vehicle – Chances are you do not use your vehicle only for business purposes, unless you have a separate vehicle all together. When you use it as a deduction be sure you have proper documentation that proves that the vehicle was used solely for business purposes.  
  • Be Thorough and Meticulous – Check all of your documents and returns to ensure that they are as accurate as possible. All numbers should be accurate and make sense, as well as deductions. Be sure that ALL income is reported and any money you acquired is accounted for. The less mistakes the better.

 

Need Assistance?

We are a team of Tax Attorneys, CPA’s and Enrolled Agents with over 15 years of experience in Tax Audit Representation. Erez Solomon, our CEO, is a lawyer license to practice in Israel and has a background of international taxation and tax law. Give us a call today for a free consultation.

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How to Prepare for Tax Season

Tax season is rapidly approaching, and you, like many other taxpayers are busy making a living and overwhelmed by having to report how much you’ve earned. At IRS Audit Group, we wish to make the entire process easier and are even going a step further by delivering a post that will cover all the steps you should take to properly prepare for tax season. It is never too early to prepare and the earlier the do, the easier tax season will be.

Gather personal documents and last year’s documentation This will make doing your taxes a lot easier by having everything in one place before you even start. Some of this documentation includes your social security card, or the number, or a tax ID card. Also, your driver’s license or some of other valid ID is necessary when coming to your appointment. Be sure to bring your spouse’s information as well. Next, make sure to have last years returns, both for you and your spouse if applicable. If you have dependents that you plan to claim you will need some documentation for them as well. This may be their social security numbers, dates of birth, child care payment records, Form 8832 (which is the non-custodial parent saying they will not claim the dependents), any alimony payments, and death certificates.

Tracking your Income This occurs in many forms depending on employment. If you are employed, your W-2 will have all your income documented. If you are unemployed then Form 1099- G is used where all benefits must be reported. Form 1099 is for freelance work and misc income. Other income forms and what they are needed for can be found on the IRS website. While you are at your appointment we will discuss any deductions that can be made so please come prepared with a few in mind and proof of those deductions.

Have Financial Info Ready Knowing your account numbers is necessary in order to have your refund deposited. This can either be found on mobile banking sites and apps or your checkbook.

Prepare some Questions If you are unsure of anything or still are wondering how to best prepare for tax season, give us a call. We are here and happy to help. Offering a variety of tax services, it is our goal to take the stress of taxes away and make it as easy as possible. If you have been audited, it can be intimidating, however our professionals are here to guide you and clear up the process.

Need Help? We have a variety of options for you to get in touch. You can either call, live chat, or email us and one of our certified tax professionals will respond as soon as possible. We are eager to help and can assure you that speaking with one of our tax professionals, whether that be a CPA, Enrolled Agent, or Tax Attorney, will give you the answers you have needed. Also, we are proud to offer a free tax consultation regarding your IRS or state audit, call now!

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2019 Tax Season: Ensuring You Get Your Refund the Fastest

The Start of Tax Season

Tax season officially begins on January 28th, 2019. As we’ve covered previously, despite not having started yet, it’s already turning out to be a very interesting tax season given all of the new reforms taking effect this, the new universal 1040 form, as well as the ongoing government shutdown. Fortunately, the IRS has answered, at least partially, the question everyone has been asking by letting taxpayers know that even with all of the craziness, refunds will be sent out on time.

 

Getting Your Tax Refund

Many taxpayers want to know what they can do to ensure they receive their refund as fast as possible. Though the IRS has said that most refunds are sent out within 21 days, some taxpayers have reported getting their refunds even faster. Below, our experts at IRS Audit Group suggest a few things taxpayers can do to ensure that they receive their refunds as fast as possible. The general rule of thumb is the sooner you file your taxes after the start of tax season, the sooner you will receive your refund. That said, there are many other factors you should also consider.

 

E-File Taxes Instead of Filing Paper

The IRS has repeatedly stated that they prefer taxpayers use the e-file feature instead of filing by paper. The IRS is able to process returns that have been e-filed compared to filing by paper, which they have to process manually. Especially considering the reduced staff that the IRS is operating with as a result of the government shutdown, these paper returns will take even longer to process than they usually do (typically about four weeks).

 

Opt for Direct Deposit

Another way of ensuring that there’s no delay in receiving your refund is by opting for the direct deposit option. Papers checks take longer to create, and in addition, mail out. If there are any mistakes in your direct deposit information, the IRS will automatically mail you a paper check.

 

Check for Superficial Mistakes

Finally, while it may obvious, we cannot overstate the importance of making sure there are no silly mistakes or errors when you are filing. Even the smallest mistake can get your returns flagged. As a result, not only will they delay receiving your refund significantly, but in addition, may even result in an audit.

 

Tax Refunds for Those Who Claim EITC or ACTC

In concluding this article, we’d like to mention that if you claim the earned-income tax credit or the additional child tax credit, you’ll most likely receive your refund beginning in late-February. Due to regulations, the IRS must wait until mid-February to issue refunds to those who claim either of these credits. Despite this, it’s still extremely important to follow the tips above the avoid waiting even longer.  

 

The simple measures that we’ve covered above can help make sure that you receive your refund quickly and without an issue. If you follow all of the steps above, but still don’t receive your refund a month (at the latest) after filing, there may be an issue with your returns. If you ever receive a notice from the IRS, let our trusted tax professionals at IRS Audit Group help you out. Our team has extensive experience in dealing with the IRS and helping our clients reach successful resolutions, and we offer a free initial consultation. For more information or if you have any questions, please call us at 1-888-300-6670.

 

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Why Not to Call the IRS Without Speaking To Our Tax Professionals

If you’ve had an experience trying to call the IRS, it’s likely you already know better than to try to call them on your own. It’s almost certain that if you try calling, you’ll be met with extremely long wait times, a confusing automated system, and perhaps even a “courtesy disconnect” where they basically hang up on you before you can ever talk to someone. If you are lucky enough to talk to someone, they’ll likely try to divert you to the IRS.gov to get the answer that you’re looking for.

Instead of calling the IRS on your own, you can have our tax professionals at IRS Audit Group call on your behalf. Authorizing a tax professional to represent you on your behalf is simple, easy, and affordable. Having one of our professionals call the IRS on your behalf is highly recommended, especially if it is a more complicated issue that you’re calling about. If you’ve received any type of notice from the IRS, for example, you do not want to stand up to the IRS on your own. Many people will often immediately call the IRS after receiving any type of letter, which typically only makes the problem worse. Our team of tax attorneys, CPAs, and enrolled agents have extensive experience in dealing with the IRS and know how to talk to IRS officials to help our clients reach a successful resolution.

Navigating through an issue with the IRS can be extremely tricky, time-consuming, and potentially even costly. Let our team at IRS Audit Group guide you through any experience with the IRS. Give us a call today at 888-300-6670 if you have any questions about a notice you’ve received, tax law questions, pending audits, or any other tax-related issue.

 

office, business, education, technology and internet concept - smiling businessman or student with computer and phone

 

Problems With Contacting the IRS Yourself

Being Discarded From the System

Now, everything is digital. Automated. Phone calls send you to a machine, or refer you to a website you barely have time to write down before the automated voice is disconnecting you. Attempting to contact the IRS is no different. You still have the likelihood of calling them only to be dismissed, and emails can so easily get lost in traffic. Overall, trying to contact the IRS is difficult, harder than it should have to be. When they hear the average citizens voice, they’re quick to dismiss, which is why having a set of reliable income tax professionals is so important in a quest to contact the IRS.

Running Into More Problems

A risk anyone takes opening themselves up to strangers is the possibility of judgement and suspicion. If you are to call the IRS, especially on account of already piquing their interest due to an inconsistency in your tax filing, they might even get you in more of a cram than you already may have found yourself in. Leave it to the tax professionals. We know how to handle these sorts of situations. It’s our job, and to try and contact the IRS on your own will only make issues more complicated than they have to be.

What We Can Do to Help

Great Representation

The IRS Audit Group is full of passionate representatives ready to work as your personalized tax representatives. We will fight for you. Having the advantage of a real tax professional service is one step in the right direction to resolving whatever IRS or tax issue you may be experiencing. Finding great help these days can be difficult, but the IRS Audit Group will only work in your favor. So, if ever you’re finding yourself looking up a great group of tax professionals near me, be sure to check out The IRS Audit Group in California.

Reliability

It’s always nice to have someone you can count on. Nobody likes a flake. And while the IRS can be a tricky bunch to grab ahold of and contact, our services make it easy to settle any pending issues or conflicts you may have with the IRS. We are a reliable service full of hardworking individuals working to do what’s best, and what’s right for YOU. There is no pride in mediocracy, and we strive to do be the best tax professionals and offer the best tax professional services there is. You can count on us no matter what the issue is. We don’t judge and we don’t hesitate. We are not afraid to be confrontational. We will fight the matter with an assertive force and ensure your conflicts with the IRS are resolved civilly.

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Get Ready, Tax Season 2018 Starts January 28th

When Does Tax Season Start?

2019 is the second year in a row that tax season, which in most years has typically started in the third week of January, will get off to a late start. A few days ago, amidst the government shutdown, the IRS announced the January 28th start date. Beginning January 28th, the IRS will accept paper and electronic tax returns.

Impact of Government Shutdown on Tax Season Dates

People throughout the nation were concerned what effect the government shutdown would have on the start day, and more importantly, on refunds. Fortunately, along with the start date, IRS Commissioner Chuck Rettig announced earlier this week that taxpayers would receive their refunds on time.  

Other Factors Impacting Income Tax Season

In spite of the government shutdown, what most experts are saying is the real cause of this delayed start is the new 1040 form that IRS officials created for this year. Taxpayers will no longer use Form 1040A or 1040EZ, but instead, everyone will complete the same Form 1040, which has six new schedules. The IRS claims most people will only need to complete Form 1040 without any of the new numbered schedules.

Important Reminders for 2019 Tax Season

Below, we highlight a few important things to keep in mind as tax season gets underway.

  1. As always, the IRS encourages people to file electronically: Whether you’re using a software or a professional tax preparer, it’s always important to file electronically to ensure you get your refund on time. In addition, filing electronically helps avoid errors that could lead to red flags.
  2. When does tax season end? Monday, April 15th is Tax Day 2019, meaning it’s the last day of tax season. You don’t have to rush to submit your tax returns right away on January 28th, but we also suggest to file before the April 15th deadline to avoid having to rush and risk making mistakes.
  3. Contact your tax preparer sooner than later: Especially given all of the new tax reforms that go into effect this year, it’s important to give your tax preparer the time to be able to review all of your documents and make sure everything gets filed correctly.

 

The tax forms 1040,1120,1065. Tax Day concept.

By making sure you follow these simple steps, you put yourself in a better position to make filing your taxes a smooth process and reduce the likelihood of an audit. In the unfortunate event of an audit, however, you can call our team of tax professionals and CPAs at IRS Audit Group to help guide you to a successful resolution. We offer full audit representation services for both IRS and state audits, as well as provide a free initial audit consultation

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The New Form 1040 for 2019

IRS 1040

What Has Changed?

For many years, taxpayers have known the IRS  federal income tax form 1040 form as a long and complicated form. For those who don’t know what is form 1040 is, or do not know how to get 1040 form,  it is an IRS form that is filled out by taxpayers to report their gross income. The IRS 1040 form used to be pages long, and used to come in different formats, including the 1040, the 1040A, and the 1040EZ. Starting 2019, the IRS is issuing a new 1040 form. Taxpayers will no longer be stuck choosing between the different versions of the previous 1040 form, because it is completely different from the 2018 form 1040 schedule a.

What To Know?

Recently, the IRS announced a change in the 1040 form instructions. As we gear up for the 2019 tax filing season that is quickly approaching, we want to focus on one big change that taxpayers will notice this year: the new 1040 form. In an effort to streamline the process for taxpayers, the IRS has created a shorter, simpler version of the 1040 form. This new form is about half the size of the current version. Taxpayers will no longer have to choose between Form 1040, Form 1040 A, or Form 1040EZ—instead, all 150 million American taxpayers will complete the new 1040 form.  Regarding the schedules, the IRS has suggested that nearly 65% of all American taxpayers will have to submit the new 1040 with only one schedule. We are not sure which schedule, it may be IRS form 1040 Schedule A. While the IRS has indicated that the new 1040 form will certainly be used for 2019, it’s still making minor changes before the opening of the filing season. For those that have a more complicated return, such as having deductions, credits, or owing additional taxes, addition Form 1040 Schedules may need to be filed. Below, we provide a guide on all of the different 1040 schedules, giving you information about how to use them.

 

Schedules

Schedule 1: Needs to be filed if you have additional income including capital gains, unemployment, gambling winnings, or any prize and award money. Also needs to be filed if you claim deductions such as student loan interest deduction, self-employment tax, or educator expenses.

Schedule 2: Needs to be filed if you owe Alternative Minimum Tax (AMT) or need to make an excess premium tax credit repayment.

Schedule 3: Needs to be filed if you can claim a nonrefundable credit such as foreign tax credit, education credits, or general business credits. Child tax credit and credit for other dependents are not included as part of nonrefundable credits here.

Schedule 4: Needs to be filed if you owe other taxes including self-employment tax, tax on IRAs or other retirement plans, and household employment taxes.

Schedule 5: Needs to be filed if you can claim a refundable credit other than American opportunity credit, additional child tax credit, and the earned income credit. Also needs to be filed if you have other payments, for example amount paid with a request for an extension to file or have excess social security tax withheld.

Schedule 6: Needs to be filed if you have a foreign address or a third party designee other than your paid preparer.

 

Printed copy of simplified Form 1040 for income tax return for 2018 with reminder for April 15, 2019 deadline

 

IRS Audit Group

What To Do?

The new income tax form 1040 is just one of the ways that the IRS is getting ready for the many new changes that are coming into effect as part of the Tax Cuts and Jobs Act. This is the biggest piece of tax legislation in the past thirty years, and as a result, it’s important to understand how they may affect you during the 2019 filing season. We can help you with all your taxpayer needs, including filling out a 1040 extension form, information on the form 1040 tax table, or any other questions about IRS or taxpayer procedures.

Contact Us

Contact us today for help with irs tax form 1040, and much more. Contact us at 1 (888) 300-6670 to get in touch with one of our friendly team members who can answer all of your questions. You can visit us at IRSAuditGroup.com or email us at [email protected]

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5 Ways to Make Sure Your Business is Ready for the End of the Year

The end of the year is quite a busy time for any business owner. Not only are the holidays in full swing, but additionally, there are tasks every business owner needs do to set themselves up for a good start in 2019, especially in terms of taxes and bookkeeping. In this article, we’ll highlight what we believe are some of the most important things to do in closing out the year.

  • Make sure your accounts receivable is reconciled.

We begin with a task that is absolutely essential. Take a look at your list of unpaid invoices and try to collect these bills before the end of the year. Not only will this give you a fresh start in the new year, but it will also help with cash flow.  

  • Confirm that your payroll and benefits are accurate.

As expressed by many tax experts, it’s always better (and less expensive) to correct any issues with payroll and benefits in December rather than in the new year. Something that often goes unaccounted for are taxable fringe benefits, such as sick pay or a company car, or other transportation subsidies.  

  • Disburse any bonuses before the end of the year.

Bonuses have a big impact on the profits you report. As a result, it makes a difference whether you disburse these bonuses before the end of the year versus in the new year. If you assign bonuses at the end of the year, you can deduct from the revenue for this year, meaning a reduction in the amount of tax you’ll owe when you file.

  • Meet with your tax professional.

A year-end meeting with your tax preparer is always a good idea. You can use this meeting to evaluate your current tax strategies based on your financial report. Look through your cash flow statement, balance sheet, and profit and loss statement together and identify how taxes will be influenced.

  • Use your financial statements to create goals for the coming year.

Not only is it useful to review your financial statements to evaluate the goals that had been set for this past year, but also to set new goals for the coming year. Besides setting new goals, use this time to begin planning your budget.

These five simple steps we’ve covered above can go a long way in ensuring your business is ready for the new year. It may seem like a lot of work, especially with all of the holiday chaos, but in the long run, it will make your life easier and help your business be successful. In addition to state and IRS audit representation, our team of CPAs also offers additional services such as individual income taxes, business income taxes, and employment taxes. If you have any questions, contact our friendly IRS Audit Group staff today at 1-888-300-6670 for a free consultation.

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New Tax Changes In 2018 You Should Know About

There are a few tax changes that you might want to make yourself aware of in 2018. Many of these new changes are updates from the IRS and a major tax reform that was passed by Congress. These changes have the potential to alter your situation drastically in the 2018 tax year and future years to come.

The IRS usually unveils its new changes to taxes every year. This includes any cost-of-living adjustments for retirement savings, as well as inflation changes on specific tax provisions. All of these changes, along with the bill that was recently passed by Congress, have the potential to result in major changes to the amount you owe on your taxes. Let’s take a look at some of the most prevalent ways these new changes can affect you.

Top income tax rate

If you’re an individual with an annual income of over $500,000, you’re in the new top income tax rate. The new 37 percent top rate will also apply to any married taxpayers that file jointly at $600,000 and higher.

Increased child tax credit

The existing child tax credit has been increased to $2,000 per each qualifying child, as long as they are under the age of 17 years. This figure is up from the previous amount of $1,000. For those that do not qualify for the new $2,000 credit, a $500 credit will be available.

Changes to standard deductions

As far as standard deductions go, anyone that is married and planning on filing jointly will notice an increased standard of deduction of $24,000. This is a decent leap up from the previous amount of $13,000.

There is now a $12,000 standard deduction for all single taxpayers and those that are married, but wish to file separately. This amount has increased almost double its original amount of $6,500. If you identify as the head of your household, you will see the amount increase from $9,550 to $18,000.

Limit increase for retirement savings

If you’re an employee that participates in a retirement plan, you may be able to now contribute up to $18,500 this year for your retirement plan. This amount is a $500 increase from the $18,000 limit of 2017. Some of the participating plans include: 401k, 403b and most of the 457 plans, along with the Thrift Savings Plan.

If you contribute to an individual retirement account or IRA, you’ll notice higher income ranges following the cost-of-living adjustments. For single taxpayers, the new limit becomes $63,000 to $73,000.

Deductions that have been done away with

A large majority of the deductions remain unchanged under the new tax law. However, there are a few to mention that are being removed. The following deductions are no longer available under the new 2018 tax laws.

  • Moving expenses
  • Unreimbursed employee expenses
  • Tax preparation expenses
  • Employer-subsidized parking and transportation reimbursement
  • Casualty and theft losses (except those that are attributable to a federally declared disaster)
  • Other miscellaneous deductions that were previously subject to the 2% AGI cap

It’s important to be aware of each of the changes made for the 2018 tax season, as well as any new tax laws for the future. Being up-to-date on all the latest laws and regulations will help to avoid any headaches when it comes to making sure your taxes are done properly. Each year the IRS makes changes to how our taxes are done, like adding or removing deductions and making changes to tax rates.

Changing income rages, as well as changes on corporate levels can make the ever-evolving tax laws seem like a chore to keep up with. The good thing is that for some people, these changes can be beneficial to them and their entire family. Prepare yourself for the current tax season and all upcoming seasons, so that you can avoid any costly mistakes on your taxes.

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Beware of IRS Scammers

Tax season may be over now, but that does not mean it is okay to let your guard down when it comes to your taxes and personal information. The IRS warns that scammers are still out there coming up with new schemes to scare you into giving out your personal information and sometimes even cash.

Being on the lookout for IRS Scammers

There are many different things you should be on the lookout for when it comes to protecting yourself and your personal information. Every year, scammers come out with new and evolved methods for scamming unsuspecting customers out of their hard earned money, or their valuable personal data.

According to the IRS themselves, summer is the most likely time to see an uptick in scammer activity. This is because during the summer time, many taxpayers are already expecting to hear back from the IRS regarding their tax status and other important information. This is the time that many individuals need to be aware of any suspicious emails and telephone scams. Sometimes it can be hard to tell the difference between a legitimate IRS communication and a fake one.

Types of IRS Scammers

Scammers are continuously changing their methods of scamming in order to stay under the radar of law enforcement and other safety officials. That is why it is so important to stay up-to-date on the types of scams that are currently going around. In most cases, scammers will attempt to get taxpayers to reveal personal data to them, such as their social security number, their account information, PIN numbers and passwords.

They like to attempt this by sending out false emails that are made to look like a legitimate email from the IRS. If you’re not aware of it, it is very easy to mistake the fake emails for the real deal. Other than emails, scammers can also contact you through these ways:

  • Voicemail: There have been quite a few cases recently where scammers will call an individual and leave a voicemail message on their phone stating that if they do not return their phone call, a warrant will be put out for their arrest. Sometimes these messages will even include an urgent time frame like 24 hours for you to return the call or else you will be “arrested”. The IRS has stated that they do not place phone calls leaving urgent messages. If you receive one of these voicemails it is a scam.
  • TAC Calls: TAC stands for taxpayer assistant center. This is where discerning a fake call from a legitimate one can become tricky. In order for the scammers to appear to be a legitimate IRS caller, they are able to fake specific caller ID numbers which include numbers form a taxpayer assistant center. Even when you attempt to question the caller to find out if it is a scam, they are likely to tell you to check the local TAC number with the one on the IRS.gov website. After this they are likely to call you back again and demand a payment from you. In most cases, they demand the payment to be by debit card. While this might seem like a scam that would be hard to recognize, just keep in mind that the actual TAC offices will never make a call demanding payments from you. TAC offices only offer in-person help for taxpayers.
  • Fake form scams: Sometimes a scammer may even go as far as sending fake forms to your home address. Scammers can send a letter to your home with a fake form called the W-8BEN. It claims that the taxpayer may be exempt from withholding and from reporting income tax. This fake form may also refer to the form W9095, which does not exist. If you receive any of these types of forms or letters they are a scam, do not reply to them or send any information back.

As time goes on, scammers are becoming more and more intricate with their schemes and plots to steal taxpayers’ money and personal information. It is important to educate yourself on the type of scams that are out there so that you decrease the chances of falling victim to one of these scams yourself. Spread the word and educate your family as well so that as few people as possible are fooled by IRS scammers.

 

Calculator, Bitcoin and other cryptocurrencies. High profits on cryptocurrency investments. 3D rendering

 

Why They Do It

Money

Money rules the world. Money is power. Money is what motivates most people to do some of the despicable things that they do, and when it comes to IRS scams, this is the most obvious, and most usual reason it happens. IRS scammers are all about turning inconvenience into cash and ensuring their own illicit monetary gain. Leaving recordings claiming to be a voicemail from the IRS, and sending out false emails claiming to be the IRS are just a few ways scammers will always try to grab ahold of your money, as money is the primary reason IRS scams happen.

Identity Theft

A killer on the rise, identity theft is a growing threat to society and is another huge reason to be aware of IRS Scammers. By handing over your information to an IRS Scammer, you can potentially give them the information they need to take away your legal identity. Giving them things like your bank information, name, address, among other things, you can unwittingly set yourself up to be a victim of identity theft.

 

Reporting IRS Scams

Why It’s Important

Most of this can be avoided if one, people are made aware of IRS scammers, and two, people report IRS scams when they happen. Reporting IRS scammers numbers that call asking for payment or personal information is essential to the process of eliminating scammers altogether. In order to improve telephone traffic by removing possible scammers from calling, knowing who to remove is just where we have to start. So, be sure to report IRS scammers if ever the dreaded occasion arises.

Who to Report To

Reporting is great and something to be highly encouraged, but you also must know the proper places to report to. Just as there are people who behave similar to the IRS, there are places on the internet which may seem a similar place to report such activity. Knowing how to differ between the right and wrong places to report is another piece in fixing these scams. The right place to report to is [email protected] if ever a call has been made to you by a scammer, and in the case of a unfortunate monetary loss due to a scam, be sure to report to the Treasury Inspector General Administration or the TIGTA.

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IRS Audit Group

Tax attorney in Beverly Hills, California

468 N Camden Dr #200,
Beverly Hills, CA 90210, USA

Call: +1 888-300-6670

Hours

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