Wednesday, January 15

Tag: IRS

Internal Revenue Service Warns Small Businesses of COVID Tax Credit Scam

Internal Revenue Service Warns Small Businesses of COVID Tax Credit Scam

Business
Released: Apr 17, 2024 by Shawn Hessinger In Small Business News 1If a telemarketer informs you, the Internal Revenue Service owes your small company thousands. Beware! You might discover it too great to be real.The IRS states business call small companies informing them to make an application for something called the Employee Retention Tax Credit."Scammers and unethical promoters continue to run aggressive broadcast marketing, direct-mail advertising solicitations and online promos for the credit," the IRS cautioned in a memo in 2015. "Many of these advertisements extremely misrepresent and overemphasize who can get approved for the ERC, which is often likewise called ERTC or the Employee Retention Tax Credit."Obviously, the Employee Retention Tax Credit actually exists. The federal gover...
24 Tax Scams to Watch Out For in 2024

24 Tax Scams to Watch Out For in 2024

Business
The tax season can be a demanding duration for organizations, marked with pressures to declare returns by a due date. It unintentionally offers excellent chances for fraudsters to strike. Fraudsters catch chances to take your delicate information, identity theft or technique you out of cash by utilizing intricate ploys utilizing tax rip-offs.Tax rip-offs in 2024 include crooks impersonating IRS representatives, federal government companies, consumer assistance staff members and more. They can connect to you face to face over the phone, online or by means of the mail in an effort to fool you into sending them cash for taxes, pay charges or charges you do not in fact owe.They typically victimize the least presuming, utilizing strategies masked in the guise of the main Internal Revenue Servic...