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IRS Identity Theft Season Begins Now
IRS Identity Theft Season Begins Now Be on your guard as the IRS identity theft season starts in late January. Here’s what you need to know. Each year thieves try to steal billions in Federal Withholdings by stealing your identity. As the IRS focuses more attention on this quickly growing problem, now is the time of year to be extra vigilant. Early tax filing season is the worst time Your federal tax account at the IRS has plenty of money in it from all the taxes withheld from your paycheck during the course of the year. Until you file your
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Check Those 1099s
Check Those 1099s As you receive informational tax forms like W-2s and 1099s, you will want to make sure they are correct and received on a timely basis. Here are some tips to make this part of your tax filing experience smooth. Now is the time you will start receiving year-end informational tax forms. We’re all fairly familiar with W-2s from our employer, but you will also probably receive a number of different 1099s. Make your tax filing experience smooth this year by staying on top of these informational tax returns. Here are some tips. Know the different types of
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Do You Have a Sleeping Tax Penalty for 2014? – If you know someone who lacks health insurance…read this!
Beginning in January, 2014, you will be required to have health insurance or face a potential penalty. The initial penalty will be $95 per individual, $285 per family or 1% of your income whichever is greater. There is also a potential penalty assessed on employers who fail to offer employees health care insurance. Beginning in January, 2014, virtually everyone will be required to have health insurance or face a potential penalty. The initial penalty will be $95 per individual, $285 per family or 1% of your income whichever is greater. There is also a potential penalty assessed on employers who
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Beware of This New IRS Scam
Beware of This New IRS Scam The IRS recently announced a new scam to steal your money from theives posing as the IRS. Here is what you need to know to protect yourself. Lost in the recent news regarding stolen identities at Snapchat and the credit and debit card theft at major retailers, is the dramatic increase in identity theft and scams using the IRS. One of the more recent scams announced by the IRS is worth noting. The scam Callers identifying themselves as the IRS phone you and disclose that you owe delinquent taxes. They say that unless there