Tag: Scam alert
Scam Alert: Requests for payment from fraudulent email accounts
Beware of requests for vendor payments from an email address that looks similar to a trusted vendor but is not, upon close review, an exact match for the legitimate sender. Common scams now include fraudsters buying domain names that are...
SR Client Question: Are theft losses deductible?
Theft losses are NOT deductible under the current law, which was enacted as part of President Trump's 2017 Tax Cuts and Jobs Act. If a person is scammed out of their retirement savings, they have to pay taxes on the...
Compliance risk for people and businesses claiming Employee Retention Tax Credit improperly
The Internal Revenue Service (IRS) has issued a renewed cautionary advisory, urging individuals to thoroughly review the guidelines for the Employee Retention Credit (ERC) before attempting to claim it, as unauthorized promoters persist in encouraging ineligible individuals to file. Reports...
The many ways scammers can get their hands on your money
Scams often share key traits that can help you spot them and protect yourself: 1. **Guaranteed Returns**: Scams promise high profits with little or no risk. 2. **Unrealistic Claims**: They offer extraordinary returns through supposed special expertise or systems. 3....