Get Your Copy of "Should I Short Sale My Home" for $8.00 for a limited time
Powered by MaxBlogPress 

 Powered by Max Banner Ads 

Tax Scams on the Rise

Posted By admin on February 5, 2010

Thank you for revisiting you can still subscribe to my RSS feed. As Always Thank You for visiting!

Tax season is over.   However, the IRS is warning consumers about tax scams that could cost them money well into the 2009 tax year.  Those tax scams are:

  • phishing
  • hiding income offshore
  • filing false or misleading forms
  • abuse of charitable organizations and deductions
  • return preparer fraud
  • frivolous arguments
  • false claims for refunds and requests for abatement
  • abusive retirement plans
  • disguised corporate ownership
  • zero wages
  • misuse of trusts
  • fuel tax credit scams

Most of the tax schemes mention here do not affect real estate investors, buyers, or sellers; however, there are several that do affect the individuals mention above so that is why this topic is being covered. 

Phishing is especially important because it has to do with internet tricks used by scam artists to get your most precious commodity, your identity.  Beware of any email that states it is from the IRS or your bank that ask for your personal information.  Remember, the IRS and your bank do not engage in such activity.

Another tax scam that you need to be care of is disgusing of corporate ownership.  Make sure that your ownership is clear and precise when filing your income tax returns.  Have your corporation’s article of organization reviewed by both your attorney and your tax preparer to ensure that you are filing all the appropriate documents.  You will also have to file the articles of organizations, ownership, and register agent information with the state in which your business is incorporated.  The state in which you are incorporate with will ask for updates to the latter information on an annual basis, so ensure this information is accurate and available.

For more information on tax scams, please visit www.irs.gov

Related Articles

Your Bailout May Come in Through Tax Credits - There are numerous tax credit that received a facelift that may be profitable for the taxpayers.

Tax Time is Here - Learn about tax deductions that are often overlooked.

Originally posted 2009-04-20 17:21:01. Republished by Blog Post Promoter


Taylor-Brown's Related Post s' Related Posts
  • Your Limited Liability Corporation Maybe in Jeopardy If your limited liability corporation is owned by just you, then you may want to ensure that you filed it appropriately.     The limited liability corporation that you formed is still a good options, but as a single owner the way it was filed may cause a challenge if it was not......
  • The Rewards of Homeownership With the uncertain of the financial arena laying in the balance of federal amendments and other legislature, a potential buyer may be wondering if homeownership is within his or her reach.  Any Realtor would answer a resounding, "Yes."  However, as a consumer you may be wondering, why? A Realtor would......
  • The Little Mistakes That Cost a Homeowner over $6000 a Year There are a couple of little mistakes that cost homeowners a lot of money.  One of those mistakes is not filing for tax exemptions.  Another mistake is not understanding the mortgage.  Still yet another mistake is not knowing your right if you are trouble with your mortgage.    In the recent......
  • Real Estate Investor Stimulus Package [caption id="" align="alignleft" width="144" caption="Image by nancyarora2020 via Flickr"][/caption] Recently, I found a podcast that gives eight steps to help real estate investors reduce expenses. Norm Berlin and Dusty Elias Kirk give great action plans/steps to reduce expenses.  Visit http://www.pepperpodcasts.com/pepper_podcasts/2009/03/eight-steps-to-finding-real-estate-savings-in-a-tougheconomy.html to find out how you can reduce your expense......
  • Record Keeping for Real Estate Investors An investor needs accurate records of his or her rental income and expenses to prepare the investor’s income tax return.                 The following items should be recorded to collect required income tax information for each individual property: ·         Rental Income/Capital Expenditures ·         Rental ·         Expense ·         Additional Information ·         Sale of Rental......
Related Websites

About the author

admin

Serena Brown is broker and owner of Taylor-Brown Real Estate. She is the author of this blog. She has also co-authored a book entitled Should I Short Sale My Home. She has authored a e-book How to Sell My Home. She will be authoring a book on real estate investing by April of 2010 and several reports. She has dual degrees in Business Administration and Electronic Engineering Technology. She prides herself on being up to date on all trends, news, and education related to real estate to include short sale, loan modification, etc. She also makes sure her clients are abreast of how these changes will affect them financial. Therefore, stay tuned for great information in 2010.

Comments

8 Responses to “Tax Scams on the Rise”


  1. [...] Tax Scams on the Rise [...]


  2. [...] Tax Scams on the Rise Tax season is over.   However, the IRS is warning consumers about tax scams that could cost them money well into the 2009 tax year.  Those tax scams are: phishing hiding income offshore filing false or misleading forms abuse of charitable organizations and deductions return preparer fraud frivolous arguments false claims…… Online Stores [...]


  3. Can you provide more information on this?


  4. nice post. I stumbled on your blog and wanted to say that I have enjoyed reading your blog posts. Any way I’ll be subscribing to your feed and I hope you post again soon.


  5. I was researching brown bailout to find information related to the next few games out company is going to publish and I came across your topic Taylor-Brown Real Estate Talks» Tax Scams on the Rise. I found it interesting and useful. Great stuff and thanks.


  6. Hey I just wanted to say that I really enjoyed reading your blog. You have good views, Keep up the good informative info :)


  7. Aw, this was a really quality post. In theory I’d like to write like this too - taking time and real effort to make a good article… but what can I say… I procrastinate alot and never seem to get something done


  8. Good writing. Keep up the good work. I just added your RSS feed my Google News Reader

Leave a Reply


 Powered by Max Banner Ads 

"Welcome to Taylor-Brown Real Estate Talks"

Taylor-Brown Real Estate Talks' goal is to empower the consumer with education about real estate, insurance, and mortgage trends, news, terms, etc., so that the consumer can achieve financial wealth through listing and selling real estate.


About the author

admin

Serena Brown is broker and owner of Taylor-Brown Real Estate. She is the author of this blog. She has also co-authored a book entitled Should I Short Sale My Home. She has authored a e-book How to Sell My Home. She will be authoring a book on real estate investing by April of 2010 and several reports. She has dual degrees in Business Administration and Electronic Engineering Technology. She prides herself on being up to date on all trends, news, and education related to real estate to include short sale, loan modification, etc. She also makes sure her clients are abreast of how these changes will affect them financial. Therefore, stay tuned for great information in 2010.

© 2008-2010 Taylor-Brown Real Estate Talks All Rights Reserved -- Copyright notice by Blog Copyright