Confronting the latest scheme to target taxpayers, the IRS and its Security Summit partners warned (on September 22, 2016) that scammers have sent fake emails purportedly containing CP2000 notices, which are used in the IRS’s Automated Underreporter Program.
Read more about IRS Scams by Howard Kass
The IRS emphasized that it never sends these notices by email, and instead uses the U.S. Postal Service (IR-2016-123).
So through some miracle, you ended up with enough healthy players at the end of your season to triumph in your fantasy football championship. Although you may still be riding that high, like yours truly, it’s good to know how this may or may not affect your tax return for this year. With fantasy football becoming ever more popular year after year, it’s becoming a larger target to the IRS.
How to be a savvy taxpayer while enjoying the longer days of summer? Check your tax withholding now to avoid a potentially larger tax obligation later. Passing along great insight from the IRS great tax tips to help you save.
Each year, many people get a larger refund than they expect. Some find they owe a lot more tax than they thought they would. If this has happened to you, review your situation to prevent a tax surprise. Did you marry? Have a child? Change in income? Life events can have a major impact on your taxes. Bring the taxes you pay closer to the amount you owe. Here are some tips to help you come up with a plan:
Recently, pop star Iggy Azalea discovered (the hard way) that even though you might an iconic pop star, you still have to pay your fair share of taxes on earnings.
Summer Wedding? 6 Ways Getting Married Will Affect Your Taxes
Taxes - Individual , Richard Huszai, CPA , IRSIt's here. Your summer wedding, long in the planning and preparation phase, has finally arrived. You've spent many months knee-deep in details, from the "will you marry me" or "I will's" to selecting the first song you dance to as husband and wife. You've bickered and resolved the guest list, swallowing your pride to allow crazy Aunt Alice to the reception even though you would rather not, and begrudgingly penning "and guest" to your best friends invitation even though you think their choice is less-than-stellar.
In the end, there is one person who many couples usually forget to include when budgeting for a wedding and finalizing the guest list: Uncle Sam.
Yes, there are tax issues that come along with getting married. Here are six basic tips courtesy of the IRS to help you on your road to wedded bliss:
Have Nagging Financial Questions?
