Archive for the irs Tag

identity theft

How to avoid Identity Theft this tax season?

TweetToday is the day that the IRS will begin to accept tax returns for this year’s tax filing season. Many financially strapped consumers who are looking for a fast payday, will go run to the nearest Tax business establishment that will promise big refunds and fast service”. According to the IRS, they have step up their safeguards to protect consumers
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tax scams

Beware of the Dirty Dozen

TweetEvery year the IRS provides to the public with the Dirty Dozen tax scams that tax payers should be aware of to protect themselves from tax payer fraud. The tax filing season ends on April 17, and there are still some tax payers who will wait until the last minute to file their taxes. If you are one of those
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Old debt, New Tax Laws

TweetHave you ever been issued a credit card that was charged off due to non payment?  Did you know that a charged off credit card balance is considered taxable ordinary income, according to the IRS.  Charged off credit card debt that is either canceled or forgiven may cause taxpayers to receive a 1099-C.  A 1099-C is a tax form issued
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What the heck is a 1099-K?

TweetIf you are a  business owner or service provider of any sorts, you should be familiar with the 1099 form, especially if you are an independent contractor. Starting this year in 2012, any gross amount of income that you received in 2011, that was settled by a third party network for example eBay’s PayPal, Google Wallet, or Amazon will now
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irs images

IRS Cracksdown on Identity Theft in 23 States

TweetI guest blog on a popular news site called Your Black World.  Here is my latest article. Since the IRS open the tax filing season on January 17, 2012, the Justice Department’s Tax Division and local U.S. Attorneys’ Offices targeted 105 people in 23 states on indictments, arrests and the execution of search warrants involving the potential theft of thousands
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