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IRS issues new warnings concerning tax scams

IRS issues new warnings concerning tax scams

The IRS recently issued news release IR-2015-99 warning taxpayers about continued tax scams targeting unsuspecting taxpayers. The release includes a warning that scammers are altering caller ID information and issuing letters with authentic looking letterhead to trick...

Increased Penalties for Failure to File 1099s

Increased Penalties for Failure to File 1099s

As you are aware, businesses are required to file correct information returns (1099s) to report certain payments to vendors including rents, royalties, interest, non-employee compensation, and other income. This requirement does not apply for payments made to...

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