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Thrilled to announce for the ninth consecutive year, another Philadelphia Inquirer Top Workplace win for our Philly Headquarters and TAG team! We are grateful to be working with some of the best in the business.
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We recently released an alert about tax planning for working students. Please have a read as a little planning this summer can pay dividends come tax time next April, and potentially much larger dividends come retirement.
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Each year, we share what the IRS calls its “Dirty Dozen” list of tax scams, which started in 2002. With the recent release of the IRS’ 2024 list, the service has confirmed that scammers continue to attempt to obtain sensitive tax data. Read our alert:
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The IRS continues to scrutinize taxpayers attempting to hide assets in offshore accounts & accounts holding digital assets, such as cryptocurrency. U.S. persons are subject to tax on their worldwide income, unless there is a statutory or treaty exemption. https://t.co/TdTDqU09yS
The IRS is warning taxpayers to beware of tax schemes aimed at reducing taxes or avoiding them. Ranging from deals involving syndicated conservation easements to microcaptive insurance arrangements. https://t.co/XbBj9faonQ
The IRS cautions taxpayers to resist questionable tax practitioners and independent promoters selling schemes aimed at wealthy taxpayers. They are tempting targets for many schemes and aggressive and fraudulent tax strategies designed to reduce taxes. https://t.co/WKt8P6qGmr
The IRS urges tax professionals and businesses to be on the lookout for suspicious email requests. Through spear phishing emails, scammers try to steal client data, tax software credentials and tax preparer identities to get fraudulent tax refunds. https://t.co/HpBvTFMYJ4
Social media can circulate inaccurate or misleading tax information. In a nutshell, there are many schemes and these schemes encourage people to submit false, inaccurate information in hopes of getting a refund. https://t.co/ulXiBqz6Dm
Taxpayers should be careful of shady tax professionals and watch for common warning signs, including charging a fee based on the size of the refund. https://t.co/CskEpLYAkH
In times of disaster - scammers often try to prey on donors by posing as fake charities, hoping to steal not only money, but also personal and financial data which can be used in tax-related identity theft. https://t.co/GzTL95J0nO
The IRS continues to see advertised promises offering to settle taxpayer debt at steep discounts. Offers in compromise are an important program to help people, but “mills” can aggressively promote offers in compromise in misleading ways. https://t.co/dbjsYiSxXb
The IRS is warning taxpayers to watch out for promoters pushing improper fuel tax credit claims that taxpayers aren’t qualified to receive. Taxpayers should be on the lookout out for erroneous fuel tax credit claims being promoted by scammers. https://t.co/m7nuy2bzmF
The IRS is warning taxpayers to watch out for scammers who try to sell or offer help setting up an online account on https://t.co/AxHaF7sj7f that puts their tax and financial information at risk of identity theft.
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The IRS warns about Employee Retention Credit claims following blatant attempts to con ineligible people into claiming the credit and lure eligible businesses into abusive claims that grossly overstate the available credit. https://t.co/rNJI8CJXya
The IRS warns about phishing and smishing schemes where cybercriminals try to steal a taxpayer's information through scam emails or text messages. Scammers frequently use tax season as a way of fooling people. https://t.co/xqrbuerf3V
Duane Morris LLP - While the 2023 IRS Data Book Shows Aftermath of Pandemic and a Look Inside the Agency, Recent Announcements Spotlight Future Audit Plans https://t.co/mcemwnKWNk
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