Thousands of honest taxpaying Americans have lost millions of dollars in total to IRS scams. Scammers use tactics that include automated IRS phone calls or even appear at your doorstep to intimidate you into paying. Given this, it is best to take special care to avoid the risk of this happening to you. Here are a few things you should know to ensure the safety of your finances… Click to read more
With IRS letter 4883C, the Internal Revenue Service (IRS) is trying to protect people who pay taxes from identity theft. Since 2014, the IRS has had 2,412 investigations into tax identity theft with almost as many convictions. The incarceration rate for these cases is around 87 percent. With the identity verification services, the IRS wants to make sure no one else is filling a return under your name and getting your refund. It seems to work, too. They have been able to keep more than 180 million dollars in false refunds from going out and found more than 31,000 fake returns. Part of this process is the IRS letter 4883C… Click to read more
Taxes in other countries, how do they work? What are the countries with no income tax? What are the tax-free countries? To quote Benjamin Franklin, nothing’s sure but death and taxes. So, whatever country you go to, you’re bound to pay taxes, one way or another. If you migrate or even travel abroad, you might be surprised at the different tax system that country might have. To help you out, here’s a list of things you might not know about taxes in other countries… Click to read more
The end of 2017 saw notable changes to the American tax code and, thus, the IRS withholding tables. These tables are essential to calculate tax. Knowing how to use them is helpful in knowing how much you can get from your paycheck… Click to read more
What are the best tax laws ranked by state? Everyone needs to know their state’s specific tax laws. If you want a state tax refund, you need to know your state’s personal income tax. So you know how much your state owes you. Things can become a bit complicated since each state has different tax laws. So, we’re here to list some great state tax rates, which could save you a lot of money… Click to read more
What have you done this week? Let us know in the comments below.