Scams & Alerts

Not many people are happy to pay taxes, but U.S. law requires every U.S. citizen to pay taxes to the government to support its infrastructure and facilities. Non-payment of taxes is considered tax fraud and is subject to penalties and/or imprisonment. Many times, to avoid paying penalties or harsher punishment for failure to file taxes,…

Tax non-compliance can be intentional or unintentional, but the punishment for it is real. Even though excuses can be made to avoid penalties and even imprisonment, the IRS will not believe them unless they are backed by facts. There are some excuses called ‘reasonable causes’ in IRS parlance that the IRS accepts for forgiveness of…

The ease with which resolution of tax debt is achieved depends upon the complexity of the tax debt case. In more straightforward tax debt cases where taxpayers can resolve the case by paying the entire tax debt in a single payment, professional help is usually not required. For more complicated cases, especially those that require…

It is an open secret that taxpayers from all around the world use tax havens to evade taxes in their own countries. Tax Justice Network (TJN) a nonprofit organization that researches the harmfull effects of tax evasion, has ranked top tax havens according to their secrecy and the scale of their tax activity. Rigid commitment…

Every tax season, we hear about tax scammers and fraudsters trying to either dupe taxpayers or the IRS. The only reason why some people indulge in tax crime is to get easy money. The IRS has been fighting a long battle with tax fraudsters, but this year, they took extensive steps to ensure that tax…

Taxes are a reality that affects each one of us. From cigarette tax to income tax, there are scores of taxes, some hidden, that make a heavy impact on our lives and the country’s economy. It needs to be remembered that when talking about taxes, some people will gladly use tax myths if it suits…

Taxpayers are often unaware that they have tax debt until the IRS sends them notification. Many times, taxpayers find themselves in tax debt due to unintentional errors such as inaccurate income figures or improper deduction claims. When the IRS discovers such errors, they send a notice informing taxpayers about the amount of tax debt and…

The IRS has announced that it will delay the 2014 tax filing season for one to two weeks because of the federal shutdown. According to the IRS, the filing season has been postponed to ensure that all the operations during the filing season run smoothly. During the 16-day shutdown, most of the IRS’ operations were…

Everybody is familiar with online review boards where people post their comments on the products and services they used. It is a good method to share our experiences with others, but as with everything else, some people take advantage these boards and use them to damage others using fake reviews. There have been innumerable instances…

Cleo Reed was a tax preparer who prepared false tax returns for people who had no income. He was caught and awaits sentencing, but he is not sorry. He believes he did a service to the unprivileged. Seattlepi shares the particulars of the story: “While prosecutors describe him as an admitted fraud caught on tape…