The IRS impersonation scam seems implausibly successful for the criminals. The premise of the scheme is dubious on its face: The IRS is demanding payment in gift cards for back taxes under the threat of immediate arrest. And yet thousands of Americans were conned out of millions of dollars. Why? Continue reading “How to Avoid Becoming a Scam Victim”
Thousands of Americans fall victim to various fraudulent scams every year. New communications technologies have sparked a proliferation of telephone impersonation scams, malware computer hijacking, email scams, identity theft, and lonely-hearts cons. Continue reading “Spotting Fraud Victims”
Let’s discuss some tax changes that were enacted at warp speed late last year.
Can I deduct investment fees I pay this year? Continue reading “Tax Changes”
IRS released a draft of the 2018 Schedule A. It reflects the changes to itemized deductions that were enacted under last year’s tax reform law. Note that because of the higher standard deductions, far few filers will itemize in 2018 than in the past years. Continue reading “2018 Schedule A”
Start thinking about your gift giving plans. There are things you can do to reduce your tax bill when giving to family members or donating to charity.