tax scams

CBS This Morning: Common Tax Scams

The IRS is warning taxpayers about the top 12 tax scams it calls the "dirty dozen." The agency is announcing one fraud each day. The IRS is revealing its latest scam on the list: dishonest tax preparers. It previously announced identity theft, phone scams, and phishing scams. I joined CBS This Morning to discuss with what you need to know this tax season.

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Tax Prep 2017

Tax Prep 2017

Tax preparation season opened on January 23 and once again, due to a Washington DC holiday, the tax -filing deadline is April 18th, rather than April 15th, so procrastinators will have an extra three days to dawdle. For early bird filers, there is also good news: under provisions of the 2015 Protecting Americans from Tax Hikes (PATH) Act, employers are now required to file their copies of Form W-2 and certain 1099-MISC for independent contractors to the Social Security Administration, by January 31.