





















Site Map
Beck Business Services
Ilse Beck
441 N. Central Ave., #9
Campbell, CA 95008
(408) 267-8234
|
TAX SCAMS
Scams to watch out for
include:
- Offers to get you the
Homeowner's Exemption on a new residence you have just
purchased or refinanced for a fee. This can be done for
free.
- Offers to fill out the
forms to get you the advance child credit for $20, as no
forms are needed.
- "Stock loans" where you
put up stock as collateral for a loan.
- Sales pitches that state
that Nevada corporations do not have to pay California
income or franchise taxes.
- Offers to help you pay
off your mortgage sooner for a fee. This can be done
without any fee.
- Offers to get you the
Homeowner's Exemption on a new residence you have just
purchased or refinanced for a fee. This can be done for
free.
IRS Updates "Dirty Dozen Tax Scams for 2003 (IR-2003-18)
In an update of their annual consumer
alert, IRS has urged taxpayers to avoid falling victim to
one of what the IRS terms the "Dirty Dozen" tax scams.
The identified transactions are:
- offshore transactions
via credit card, trust, or other arrangement, to avoid
tax.
- identity theft
(unsuspecting bank customers sent fictitious bank
correspondence and IRS forms to disclose persona! and bank
data to crooks).
- con artists sell phony
tax payment checks, also called sight drafts, which are
worthless and have no financial value.
- African-Americans get
special tax credits or refunds related to slavery
reparations (IRS received tens of thousands of claims in
2001, it's down to 50 a week in 2002).
- employers are instructed
not to withhold taxes from employee wages.
- use of home-based
businesses to facilitate improper deduction of personal
expenses.
- "pay the tax, then get
the prize" schemes, in which individuals are told they
have won a prize if they pay the promoter the income tax
due on it.
- frivolous tax-protest
arguments, e.g., "paying taxes is voluntary" or the
purchase of "untax packages" on the internet.
- scams involving
purported refunds of Social Security taxes in exchange for
a (e.g.$100) "paperwork" fee.
- refund schemes in which
individuals are asked to give their social security
numbers to the promoter.
- sharing or "borrowing"
of earned income tax credit dependents.
- schemes in which a
purported IRS agent comes to a taxpayer's home collect
taxes.
Top of Page
|
[ Home ] [ Message from Ilse ] [ 1040 Information Checklist ] [ A Professional Team ] [ Debt Reduction ] [ Elder Care ] [ Reaching That Age ] [ Record Keeping ] [ More Record Keeping ] [ Documents & Forms ] [ Deduct or Not? ] [ Your Credit ] [ Making Tax Preparation Easy ] [ What's New on the 1040? ] [ What Form To Use... ] [ Protect Your Identity ] [ When You're an Executor ] [ Being a Conservator ] [ Employer Quick Reference ] [ Charitable Contribution ] [ Sandwich Generation ] [ IRS Information ] [ Tax Scams ] [ What Others Say... ]
|