Luis Giron

The Internal Revenue Service has revealed the seven federal income tax rates for 2024. Here's what to expect: https://ow.ly/RnCU50RlcCT #mahonesabol #irs #incometax #income #ctnews #connecticut #taxes

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IRS Warns Of New Spear-Phishing Tactics Targeting CPAs And Income Tax Professionals Although the April 15 income tax filing deadline has passed, it is not the time for CPAs and income tax professionals to let their guard down. The newest spear-phishing trend to grab the IRS's attention is the so-called "new client" scam. In this type of attack, the bad actor emails the professional or a member of their staff posing as a new, potential client. If the target responds, the bad actor's follow-up email will include an attachment or URL containing malware. If clicked, the malware will be used to obtain login credentials for the email account, or in some cases, provide the bad actor with access to other systems. These scams peak around tax season, but remain a prevalent threat year-round. The IRS publication also identifies red flags to look out for and precautions tax professionals can take to help avoid these attacks. Red flags include emails containing grammatical errors, poorly constructed sentences, and unusual word choices. Even if an email originates from an email account the tax professional or business is familiar with, all emails should be carefully reviewed for unusual behavior or requests, and grammatical or spelling errors. https://lnkd.in/eRK4ASS9 #cybersecurity #cyberattack #cybercrime #cyberrisk #cyberthreats #informationsecurity #infosec #breach #databreach #malware #google #bing #networksecurity #technicalsupport #itservices #itsupport #dataprotection #datasecurity #itnews #hackingprevention #cloudsecurity #riskmanagement #fbi #vciso #securityexpert #cisa #financialrisk #manufacturing #iot #ransomware

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TODAY, 4/15, is the federal tax deadline! Need more time? Just file an extension with one of our tax professionals at SDA. Receive an extension and come back to SDA To file your taxes by October 15th. You're welcome. :) See you soon. sdaviscpa.com SDA is the #smartwaytodobusiness. Accounting | Consulting | Auditing | Taxes

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It's #TaxDay today! Once your 2023 tax return has been filed, you can breathe a sigh of relief. But there still may be some tax issues to consider. Read more below from our Tax Director, Rafael Carsalade, CPA. https://bit.ly/442pfYk

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Two goals you should have when going through an audit are to minimize the financial impact of the audit and to prevent the IRS from investigating beyond the original items selected for audit. Find a Local Tax Relief Professional With IRS Audit Expert👇 https://buff.ly/3sBfCkm #TaxCure #TaxProfessional #taxdebt #taxtips #irstaxes #irstaxaudit

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At CPA Trendlines: Art Werner: Strategies in Charitable Giving: Unveil financial and estate planning techniques. Quick Tax Tip With Art Werner CPE Today Go PRO for members-only access to more CPA Trendlines Research. http://dlvr.it/T9hKK6 #CPA #tax #accounting

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Welcome to Tax Tip Tuesday! If you are a taxpayer struggling to pay your bill - don’t panic! The IRS has several options to help taxpayers meet their obligations. Online payment plans: Taxpayers can apply for a payment plan at https://hubz.li/Q02s_Jds0. These plans can be short- or long-term. - Short-term payment plan – The payment period is 180 days or less, and the total amount owed is less than $100,000 in combined tax, penalties and interest. - Long-term payment plan – The payment period is longer than 180 days, paid in monthly payments, and the amount owed is less than $50,000 in combined tax, penalties and interest. Offer in compromise: An offer in compromise lets taxpayers settle tax debt for less than the full amount they owe. It may be an option if they can't pay their full tax liability or doing so creates a financial hardship. The IRS considers a taxpayer's unique set of facts and circumstances when deciding whether to accept an offer. Taxpayers can see if they're eligible and prepare a preliminary proposal with the Offer in Compromise Pre-Qualifier Too here: https://hubz.li/Q02s_BQ20 Penalty relief to eligible taxpayers: Taxpayers may qualify for penalty relief if they tried to comply with tax laws but were unable due to circumstances beyond their control. Learn more here: https://hubz.li/Q02s_pDz0 It is very important to remember that penalties may apply if you owe tax and don't file on time. This penalty is usually five percent of the tax owed for each month or part of a month that the tax return is late, up to 25 percent. The failure-to-pay penalty applies if a taxpayer doesn't pay the taxes they report on their tax return by the due date. #tax #taxseason #taxseason2024 #individualtax

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💸 Struggling to Pay Your Tax Bill? Here Are Your Options 💸 Don't Panic! The IRS is Here to Help 🆘 Key Steps for Taxpayers Who Can't Pay in Full File Your Return or Request an Extension: ↪️Deadline: April 15, 2024 ↪️Request extension at IRS.gov/extension ↪️Avoid failure-to-file penalty by taking this step Remember: ↪️The extension is for filing only, not for payment. ↪️Victims of natural disasters have until Oct. 15 to make payments. Payment Options to Consider 1. Online Payment Plans 📅 ↪️Short-Term: Up to 180 days, owed amount < $100,000. ↪️Long-Term: Monthly payments, owed amount < $50,000. ↪️Apply: IRS.gov/paymentplan 2. Offer in Compromise 💼 ↪️Settle for Less: If full payment creates a financial hardship. ↪️Eligibility Tool: Use the Offer in Compromise Pre-Qualifier Tool 3. Penalty Relief 🙏 ↪️Available for those who tried to comply but faced circumstances beyond their control. Penalties & Interest 🚨 ↪️Failure-to-File Penalty: 5% of tax owed per month, up to 25%. ↪️Failure-to-Pay Penalty: This applies if taxes are not paid by the due date. ↪️Interest: Compounded daily, based on the tax owed. Rates vary and are updated quarterly. Useful Resources: ↪️More Information: IRS Payment Options ↪️What If I Can't Pay My Taxes?: IRS Guide ↪️Extension Requests: IRS Extension Info ↪️Tax Topic 653: IRS Notices, Bills, Penalties, and Interest Charges Stay informed, make a plan, and use the resources available to manage your tax obligations! 💡  #TaxTips #IRSHelp #TaxFiling2024

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🚨 Tax Alert: Steering Clear of Abusive Tax Avoidance Schemes – IRS Dirty Dozen Update 🚨 In the latest release from the IRS, highlighted in IR-2023-67, taxpayers are warned against falling into the trap of abusive tax avoidance schemes, a critical component of this year’s "Dirty Dozen" list. Here’s what you need to know to protect yourself and ensure your tax practices are sound and secure. 🧐 Understanding Abusive Tax Schemes 🧐 The IRS defines abusive tax schemes as complex strategies that may use offshore accounts, shell companies, and other dubious financial maneuvers to evade taxes. These schemes often promise substantial tax benefits with little risk, which should be an immediate red flag. Examples to Watch For: 👉 Syndicated Conservation Easements: Promoters overvalue land donations to charities to inflate tax deductions for investors. 👉 Micro-Captive Insurance: Misused insurance arrangements designed to shield income from taxation. Offshore Tax Avoidance: Attempts to hide money overseas to dodge U.S. taxes. 🎯 Why They're a Concern 🎯 Abusive tax schemes can seem appealing because they promise to reduce tax liabilities significantly. However, they carry high risks, including severe penalties, interest, and even criminal prosecution. Participating in these schemes can lead to: 👉 Massive financial penalties. 👉 Legal repercussions, including criminal charges. 👉 Extensive audits and scrutiny from the IRS. 🛡️How to Protect Yourself🛡️ 1️⃣ Be Skeptical: If an offer sounds too good to be true, it probably is. Always question the legality and ethics of aggressive tax strategies. 2️⃣ Seek Reputable Advice: Consult with a trusted and certified tax professional before engaging in any sophisticated tax strategies. Ensure your advisor is transparent about their credentials and is not pushing overly aggressive tax-saving tactics. 3️⃣ Educate Yourself: Familiarize yourself with the IRS guidelines and the common signs of tax avoidance schemes. Knowledge is your best defense. 4️⃣ Report Suspicions: If you encounter or are approached by someone promoting questionable tax avoidance strategies, report them to the IRS. You could be protecting not only yourself but also others in your network. 🔄 Stay Informed The IRS updates its "Dirty Dozen" list annually, reflecting the most pervasive tax scams and schemes. By staying informed about these risks, you can better protect your finances and navigate the complexities of tax law confidently. 💡Conclusion Remember, while minimizing tax liabilities within the law is a smart financial strategy, engaging in tax evasion through abusive schemes can have dire consequences. Always choose transparency, legality, and ethical practices in your financial dealings. -------------- 📢 Be sure to follow our LinkedIn page for additional updates and information. #criminaltaxattorney #civiltaxattorney #taxes #taxlaw #ABATaxFraudConvention #LegalExpertise #LawyerForsythe #ContinuousLearning #ProfessionalGrowth #LegalAd

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Choosing a firm that specializes in state and local taxes can be important for a number of reasons. Over the next few weeks, Corrigan Krause will highlight the top seven, according to Mark Rossetti, our State and Local Tax Services Consultant. Optimizing State and Local Tax Planning: Tax experts can assist in developing strategic tax plans that take advantage of available opportunities to minimize future tax liabilities. This proactive approach can result in long-term financial benefits. To learn more about the expanded SALT services at Corrigan Krause, click here: https://hubs.ly/Q02yYj5c0 #salttax #tax #stateandlocaltax #consulting #accounting

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