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Protect Yourself from Tax Scams This Season Tax season can be stressful, but scams make it even worse. Here are the most common tax scams and how to avoid them: 1. IRS Impersonation Scams Scammers claim to be from the IRS, demanding immediate payment or threatening legal action. The IRS never calls or demands immediate payment over the phone. Tip: Always verify any communication by calling the IRS directly using their official number. 2. Fake Tax Preparer Scams Some scammers pose as tax...
Tax Filing Tips: How to File Accurately and Efficiently Filing taxes can be a daunting task, but with the right approach, it doesn’t have to be overwhelming. Whether you’re filing for the first time or you’re a seasoned pro, these tips can help ensure that you file your taxes accurately and efficiently, saving you both time and stress. 1. Stay Organized from the Start Start by gathering all necessary documents before you begin filing your taxes. These may include: W-2s (for employees) 1099...
Important Reminder: March 17th Deadline for S Corps and Partnerships to File Extension Business Exit Strategy As we approach the middle of March, we want to remind S Corporations and Partnerships that March 17th is a crucial deadline. This is the last day to file for an extension on your tax returns for the 2024 tax year. If you're not fully prepared to submit your tax returns by then, filing for an extension is your best option to avoid penalties for late filing. What Does This Deadline Mean...