And with tax season starting and identity theft on the rise, tax return fraud is a real risk for your clients.
Advertisement
“The IRS is making sure that their systems are tuned up, and ours are ready to go and make sure that A. we are protecting that information and doing it while keeping tax payers best interest at heart”, says Eubanks. The income limitation is USD2,000 higher than previous year.
You will have a few extra days to get in your tax returns this year.
A big part of the group’s goal is to keep people from falling into costly “refund anticipation” agreements with companies that may not be completely aboveboard, Blue said. Free File Fillable Forms allows taxpayers who are familiar with tax law and need no preparation assistance to complete and file their federal income tax electronically. According to Consumerist, the deadline to file in 2016 has moved to Monday, April 18 – a whole three days later than the usual due date.
Choosing e-file and direct deposit for refunds remains the fastest and safest way to file an accurate income tax return and receive a refund.
Over the next several hours, Cadenhead made several withdrawals from his bank and sent money to the IRS impersonators in the form of pre-paid debit cards.
In March 2015, about 366,000 people reported being called by IRS scammers. “United Way works each year to alleviate these stresses and costs by offering a free, high-quality tax preparation program”.
Henry Harris has spent 35years at H.T. Harris Income Tax Service and will see about 2,000 residents come through his office this tax season.
The increased communication is meant to combat a trend that became more apparent past year: As data breaches increase criminals’ access to sensitive personal information, the phony tax returns filed by fraudsters are more closely resembling the ones filed by legitimate taxpayers. From now until the end of January, people everywhere are anxiously awaiting their W-2s, as well as all the other tax forms needed to get the filing process started.
And then there’s this – the IRS does not call individuals at their houses. Seventy percent of the nation’s taxpayers are eligible for IRS Free File. She rightly argues that the IRS should become more open about its plans. The Emancipation Day holiday in Washington, D.C., falls on tax day in the past, April 15.
Advertisement
You can use Free File in conjunction with myRA – the new, free retirement savings account from the Treasury Department.
