Nearly one in three Americans (31%) report being a victim of online financial fraud or cybercrime. When it comes to protecting your money and your identity, knowledge is power. Here’s a recap of the last six scams on the IRS’s 2024 “dirty dozen” list. 7. “Ghost” tax return preparers. Be wary of “professionals” who claim […]
Archives for December 2024
The IRS’ “Dirty Dozen” — What Tops This Year’s List? Part 1
Every year, the IRS releases its list of the “dirty dozen” scams that taxpayers, including business owners, should be aware of to protect themselves against fraud and identity theft. As you begin preparing for tax season, here’s part 1 of our recap so you don’t fall victim to these sophisticated cons and schemes: Phishing or […]
Unwrap Savings This Holiday Season: 7 Tax To-dos
‘Tis the season for twinkling lights, holiday cheer and…tax planning? As the final days of the year rapidly approach, it’s time to start checking off your tax to-do list for a merrier 2025. Here are some tips to help optimize your tax situation and avoid a Scrooge-like surprise come April. 1. Estimate your taxes. It’s not […]
Important Update on the Corporate Transparency Act
Remember the Corporate Transparency Act we told you about earlier this year? A Texas federal court just issued an injunction declaring the law invalid, stating that the requirements of the Beneficial Ownership Information Reporting exceed Congress’s commerce authority. The law required submission of a report listing a business’s “beneficial owners”—the individuals who actually own or […]