This stuff really stinks: someone is in trouble with their taxes with the IRS, their state taxes, or both. They seek the help of a ‘tax relief’ group that charges big upfront fees, then stall for months and then disappear into the woodwork, leaving the taxpayer in worse shape than when they started. See this article in The Sacramento Bee Personal Finance section by Claudia Buck:http://www.sacbee.com/2013/04/21/5356917/when-tax-help-is-just-a-mirage.htmlWhen the IRS and other authorities find these guys they should throw the book (hopefully a phone book or the encyclopedia Brittania) at them and make them think twice about doing this again.Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Tax Musings: IRS Warns about Boston and Texas Charity Scams
There have apparently been charity tax fraud in both Massachusetts and Texas. See this post in AccountingToday by Michael Cohn for the scoop:http://www.accountingtoday.com/news/IRS-Warns-Boston-Texas-Charity-Scams-66423-1.html?ET=webcpa:e6989:204199a:&st=emailMake sure you are not taken in by these schemes. Know who you are donating to and double check everything so you are not taken advantage of!Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Financial Musings: Best retirement move almost nobody makes
When you leave your job, everyone usually rolls their old 401K into an IRA. But there is a lesser known option – when you get a new job with a 401K, you can roll your old plan into it. See this post by Ian Salisbury in The Wall Street Journal with more details:http://www.marketwatch.com/story/best-retirement-move-almost-nobody-makes-2013-04-15 Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com