#Tax Scams

[tsuyoshikentsu]

I'm confused, what does Benoit Blanc have to do with it

“The WBD tactic of scrapping fully made films for tax breaks is predatory and anti-competitive,” the San Antonio Democrat wrote. “As the Justice Department and @FTC revise their antitrust guidelines they should review this conduct. As someone remarked, it’s like burning down a building for the insurance money."

[scamandfraud]

Tax Evasion Scams on 2024: What to Watch Out For, How to Protect Yourself, and Where to Report

Tax season is always a busy time for the Internal Revenue Service, but it’s also a prime opportunity for scammers to prey on taxpayers. Tax evasion scams are on the rise, and it’s important to be aware of the red flags so you can protect yourself from falling victim. What Are Tax Evasion Scams? Tax evasion scams are a type of fraud that involves tricking taxpayers into giving up sensitive…

[kaybelltax]

Don't be haunted by tax ghosts

Halloween may be the scariest season, but taxes can produce more year-round scares.

The CBS television show "Ghosts" is fun entertainment, but there's no joking around when it comes to ghost tax preparers and their scams, or the fraud costs caused by ghost employees and employers.

Every one of those spectral tax situations can be costly.

You can read more about other scary tax matters, as well as find tax tips and occasionally some fun tax tidbits, at my blog Don't Mess With Taxes.

[cpapartners]

IRS Warns of New Scam Involving Unclaimed Refunds

(Accounting Today) - The Internal Revenue Service is cautioning taxpayers to beware of a new scam in which fraudsters are sending out cardboard envelopes from a delivery service asking for personal info.

[prokopetz]

One of these days some enterprising con artist is going to make up a fake quirky little sci-fi movie, claim that it's been fully produced but Warner Bros. permanently shelved it for a tax writeoff, raise a couple million dollars in crowdfunding to "buy back the rights", then disappear off the face of the planet and take the money with them, and they'll 100% get away with it because really, who are we going to believe?

[robertreich]

Trump’s Tax Scam: Why Nothing Trickled Down 

The Trump tax cuts were a YUGE scam.

But this November we have a chance to end this trickle-down hoax once and for all.

Donald Trump’s biggest legislative achievement (if you want to even call it that) was the 2017 Tax Cuts and Jobs Act.

The law permanently slashed corporate taxes and temporarily cut income tax rates mostly for rich individuals through the year 2025. The results were worse than I could have imagined.

Trump and his officials claimed the tax cuts would lead to corporations hiring more workers and would “very conservatively” lead to a $4,000 boost in household incomes.

What actually happened in the years since?

In AT&T’s case, the company saw its overall federal tax bill drop by 81%. It spent 31 times more on dividends and stock buybacks to enrich wealthy shareholders than it paid it in taxes. Meanwhile, it slashed over 40,000 jobs.

That was par for the course with Trump’s tax cuts.

Like AT&T, America’s biggest corporations didn’t use their tax savings to increase productivity or reward workers. Instead, they increased their stock buybacks and dividends.

Many of them, including AT&T, even ended up paying their executives more in some years than what they paid Uncle Sam.    

Those executives (along with other high earners) then got to keep more of their earnings because Trump’s tax cuts for individuals were heavily skewed toward the rich. The lowest earners? They got squat.

And many middle-income families saw their taxes go up.

And those supposed $4,000 raises, did you get one?

The bottom line is that Trump’s tax law fueled a massive transfer of wealth into the hands of the rich and powerful. Corporate profits have skyrocketed. U.S. billionaire wealth has more than DOUBLED since 2018.

The tax cuts have also added $2 trillion to the national debt so far, but that hasn’t stopped Trump and the so-called “party of fiscal responsibility” from doubling down on renewing them.

If Trump is reelected and Republicans take control of Congress, they’re planning to renew the expiring tax cuts for individuals that primarily benefited the rich. This would cost $4.6 trillion over the next decade, more than double the cost of the original tax cuts.

Trump has also threatened to lower the corporate tax rate even further from 21% to 15% — which would cost another $1 trillion.

It’s trickle-down economics on steroids.

All of this would cause the federal deficit and debt to soar — which Republicans will then use as an excuse to cut spending on government programs the rest of us rely on.

But the Democrats have their own tax plan. We can make it a reality this November. What would it do? Just the opposite of Trump’s tax plan.

ONE: It would increase taxes on wealthy individuals with incomes in excess of $400,000 a year, while cutting taxes for lower-income Americans.

TWO: It would make billionaires pay at least 25 percent of their incomes in taxes, still leaving them with plenty left over.

THREE: It would raise the corporate income tax to 28 percent, which is about what it was in 1990.

LASTLY, it would quadruple the tax on stock buybacks to get corporations to invest more of their earnings in workers’ wages and productivity instead of windfalls for investors.

So the real choice is between the Republicans’ plan to make the rich much richer, and the Democrats’ plan to make the rich pay their fair share and provide what Americans need.

Which do you want?

[benjaminallhope-fulltimemind]

There is no way to defend this at all, the stnadards set only allow for bibles specifically created by trump given that the bibles need to 'be bound in leather or leather like materials and contain founding government documents' which 99.9% of bibles do not have. Besides the issue of forcing bibles into schools this is a naked attempt to help Trump make money by making the state government buy his bibles in bulk which would really help him given he's facing lawsuits and a expensive presidential campaign. Trump has been and will always be a businessman first and foremost, that's we need to vote blue as he simply views being president as a means to hold onto and expand his power. Vote blue 💙💙💙 and save our American democracy from corporate and religious influences!!

https://thehill.com/homenews/education/4916077-oklahoma-trump-bibles-schools-ryan-walters/

[siphersaysstuff]

As we head into tax time, I just want to make sure everyone knows

ANYONE CONTACTING YOU VIA PHONE ABOUT UNPAID TAXES ARE SCAMMERS

IF THERE IS A GENUINE TAX PROBLEM, THE IRS WILL CONTACT YOU VIA CERTIFIED LETTER THROUGH THE MAIL, AND ONLY VIA CERTIFIED LETTER THROUGH THE MAIL

signed, a person who's gone through Tax Issues with the IRS in the past

[awesomecooperlove]

“WHERE IS THE LAW” THAT WE MUST FILE TAXES ?

🚨🚨🚨

[maeamian]

For the love of god, do not let anyone convince you that Jill Stein is a serious person or serious candidate.

[scamandfraud]

Tax Evasion Scams on 2024: What to Watch Out For, How to Protect Yourself, and Where to Report

Tax season is always a busy time for the Internal Revenue Service, but it’s also a prime opportunity for scammers to prey on taxpayers. Tax evasion scams are on the rise, and it’s important to be aware of the red flags so you can protect yourself from falling victim. What Are Tax Evasion Scams? Tax evasion scams are a type of fraud that involves tricking taxpayers into giving up sensitive…

[wannaliveattheholidayinn]

this may be an unpopular opinion, but i personally think that jeff and britta should've gotten married back in season 3 and just dealt with the consequences of that action for the rest of the show

[biscuitfacegrey]

Jodie Foster and/or Scam Likely? Terrible parents but they do still spark joy

like father/uncle like son ig