Scam Alert! Do Not Share Your Information

Scam Alert - Tax Season

Scam Alert: Beware of Fake IRS Agents

Money transfer company MoneyGram is warning Americans about a phone scam that is preying on nervous tax filers this year.

As millions of Americans file their taxes this week, it’s good to keep in mind that not everyone involving themselves in the process is on the up-and-up: scammers are all too aware that tax filers are often worried about a possible mistake they may have made in their taxes, and a possible follow-up call from the IRS.

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Tax Season: Filer Beware!

Tax Season

Death, Taxes and Fraud

Most Americans find that the stress of tax season is heavy enough that there’s no need to add to it. However, this is exactly what some fiends plan to do this year.

According to the AARP, tax filers need to be on their guard against fraudsters – who scheme, scam and Dumpster-dive in an attempt to separate honest Americans from their money.

AARP warns that 15.6% of all ID theft complaints lodged across the U.S. in 2010 were rooted in taxes or wages. A full 24.1% of all ID theft complaints in that year pertained to taxes or wages, AARP said.

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Tax Season is Coming: Are YOU Ready for Tax Season?

Tax Tips

Prepare Yourself for Tax Season

With the 2013 tax year ending soon, it’s a good time to review your options. A California company called TaxAudit.com has prepared some handy tips for having the least taxing experience possible this year.

The company cautions that, while tax rates for most people are unchanged for 2013, higher income folk will face a top bracket that’s up from 35% to 39.6%. This came as a result of this year’s fiscal cliff legislation from Washington.

Consider “bunching together” your itemized deductions, and taking them every other year, while sticking with the standard deduction on the odd years. TaxAudit said that this allows you to get maximum leverage from your itemized deductions.

Defer income if you think you’ll be in the same (or lower) bracket for the 2014 tax year.

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