If you want to get rid of them, shred them.
"Most Americans will see a benefit from the new tax code with the doubling of the child tax credit and the standard deductions", said Kohler. IRS received over twice as many (over 214 million) Forms W-2, Wage and Tax Statement (W-2) by February 15 compared to the same time in 2016, and reported that W-2 data were responsible for improving fraud detection and reducing taxpayer burden.
If you think you might be a victim of identity theft, including tax identity theft, we've got helpful information. If the consumer is not already convinced, the scammer may even give you the last four digits of your Social Security number.
Now if a charity says it needs your Social Security number to take your donation, hang up the phone. It is important to note that you can not opt-out once you get an IP PIN.
COLUMBIA, S.C. (WOLO)- The IRS officially began accepting tax returns Monday. To use this service, visit IRS Free File. You should also file a complaint with the FTC at www.ftc.gov/complaint or by calling 1-877-FTC-HELP. CTEC is a nonprofit organization that was established in 1997 by the California State Legislature to protect taxpayers against fraud and incompetent tax preparers.
To qualify for free tax filing through the VITA program, taxpayers must earn less than $54,000.
The IRS has been warning taxpayers about such scams for years. That could pay off a credit card bill, a auto or mortgage payment. "There is a fee with that, but you know it's going to be less than coming into the office", Reif said.
The construction-equipment company could potentially have to pay $2 billion in taxes to the IRS. If you wind up owing on your taxes, preparing your taxes early also makes sense. They don't have to spend money to get this deduction.
The bonus is, you get your refund earlier. "When we talk about compliance, we look at the IRS, the federal income tax, franchise tax".
The most common scam is when someone files for a refund in your name. "We do an appointment with them".
Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) offer free tax help to people who qualify. They specialize in questions about retirement-related issues unique to seniors.
People wanting help can go to the IRS website to find an online tool that will locate the nearest VITA provider. In addition, some VITA locations are equipped to file tax returns electronically.
Weekly local news headlines from the Jackson Progress Argus.