In this day and age, employees of virtually any company go through extensive information security training. You’ve become adept at recognizing a scam. You know to never give your password to anyone. Before opening any email, you always make sure it’s from...
Month: June 2018
Tax reform allows more money into ABLE accounts
The Internal Revenue Service (IRS) announced recently people with disabilities can put more money into their tax-favored Achieving a Better Life Experience (ABLE) accounts and be qualified for the Saver's Credit for low- and moderate-income workers.The new Tax Cuts...
Try not to panic when a letter from the IRS arrives
The Internal Revenue Service is one of the monolithic government entities that most people are happy to give a wide berth. Opening your mailbox one morning to find a letter from them can elicit some nerves – if not a full on cold sweat.As we’ve said...
How to recognize an IRS phone scam (part 2)
In a previous post, we talked about common IRS phone scams. We discussed some of the behaviors and scare tactics such scammers employ to try to steal your identity. In this post, we provide context. In order to effectively spot an IRS scammer, it's useful to...
How to recognize an IRS phone scam (part 1)
You're at home, starting to cook dinner. Suddenly, the phone rings. You answer, and the voice on the other end of the line identifies themselves as an IRS employee. They inform you that you've been charged with serious tax crimes, and you could face arrest if you...
How identity thieves are exploiting hurricane relief
In previous posts, we've discussed the growing issue of identity theft across the country. If your Social Security Number and other personal information gets into the wrong hands, it could have a devastating effect on virtually every aspect of your life. The criminal...
Can I take the home office deduction if I’m an employee?
You have an employer who sends you a W-2 form each year. However, you also work remotely. You know you don’t qualify as self-employed, but can you still deduct your home office on your taxes? What’s the rule for employees who work from home?The answer is:...
Can I take the home office deduction if I’m self-employed?
Most people who are eligible for the home office deduction are self-employed. However, not all self-employed people may claim this deduction.As we discussed in a previous post, falsely claiming the home office deduction can increase your likelihood of being audited by...
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