A new issue tops this year’s annual IRS Dirty Dozen list of tax scams. The agency’s 2023 list of common tax-related frauds and abuses begins with a warning about the widespread promotion of ineligible claims for the Employee Retention Credit (ERC). The annual notice also lists a variety of other schemes—more than the promised dozen, in fact—that fraudsters often use to con businesses and individual taxpayers. (To see the entire list, visit IRS Wraps Up 2023 Dirty Dozen List) (more…)
Tax Scams - IRS Issues 2021 “Dirty Dozen” List
The end of the year is a good time to review the annual “Dirty Dozen” list of common tax-related scams published by the IRS. The agency urges taxpayers to be especially alert to these schemes, both during tax filing season and throughout the year.
Instead of the traditional numbered list it published in prior years, this year the agency offers a longer, general discussion of more than a dozen common scams, which it has organized into four broad categories. (more…)
California Helps Fight Identity Theft with Revamped MyFTB website
By Alex Ho, CPA, Tax Manager
Have you received a letter that states something like “Jane (or John) Doe added you as a client through our MyFTB account online service”? Sounds pretty scary, doesn’t it? This would be cause for concern, particularly with the increase in identity theft, and the availability of our personal information on the internet. (more…)