Stay Aware—IRS Warns of Scam Phone Calls
A couple of weeks ago, the IRS released a YouTube video warning about an aggresive telephone scam that is happening across the US. We have included the video at the bottom of this blog post.
Over the past few weeks, individuals posing as IRS tax agency representatives have been making calls demanding money or say you have a refund due, trying to trick you into sharing your private and personal information. Often times the caller-ID is "spoofed" - to make it look like it is actually the IRS calling you. The callers utilize fake names and fake IRS ID #s. If you don't answer, they will often times leave a voicemail saying it is urgent that you call them back.
Be aware of these scams / fraudulent calls. If they call to demand immediate payment, but you have never received a bill from the IRS, it is most defintiely a scam.Â
If you get one of these calls, call the IRS immediately at 1 (800) 829-1040 to confirm you in fact owe tax or to report the incident of a fraudulent caller.Â
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Over the past few weeks, individuals posing as IRS tax agency representatives have been making calls demanding money or say you have a refund due, trying to trick you into sharing your private and personal information. Often times the caller-ID is "spoofed" - to make it look like it is actually the IRS calling you. The callers utilize fake names and fake IRS ID #s. If you don't answer, they will often times leave a voicemail saying it is urgent that you call them back.
Be aware of these scams / fraudulent calls. If they call to demand immediate payment, but you have never received a bill from the IRS, it is most defintiely a scam.Â
If you get one of these calls, call the IRS immediately at 1 (800) 829-1040 to confirm you in fact owe tax or to report the incident of a fraudulent caller.Â
End-of-Year Financial To-Dos & Get Out and Vote!
Happy Election Day to all of our website visitors! Election Day reminds us that the end of the year is creeping closer and closer. Before you know it, you'll be eating Turkey, sharing gifts around the tree (if you celebrate Christmas), and spending time with friends and family.Â
The first few weeks before Thanksgiving approaches are great weeks to get your finances in order before the end of the year. We grabbed some tips on Novemeber financial to-dos from one of the financial planning blogs we often follow for how-tos, tips, and advice, LearnVest.
End-of-year financial & money to-dos:
1. Check your credit score: Recent changes in FICO's scoring system in August could put you in a better position when it comes to debts that went to collections that you paid off, or medical debts affecting your credit score.
2. Budget for the holiday season: Make sure you create and stay within a budget this holiday season. Gift giving can often get a little out of control. See if there are any gifts that can be DIY, or perhaps decide you are going to set a monetary limit for each family member's gift.Â
3. Plan any charitable donations: Now is the time to make any charitable contributions if you have budgeted to do so in 2014.Â
4. Look into financial aid options: FAFSA (Free Application for Federal Student Aid) applications can begin to be submitted on January 1st.Â
5. Discuss money with family: The holidays (while maybe not at Thanksgiving dinner) are a good time to discuss the basic principles of budgeting or managing money. Providing positive advice for younger family members can help pave the way for them to make smarter money moves as they grow financially.
If you have any questions or concerns when it comes to tax advice, tax prep, or bookkeeping as the year nears its end, please give us a call at Bloch, Rothman & Associates, LTD at (303) 321-7060 and get out and vote!
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The first few weeks before Thanksgiving approaches are great weeks to get your finances in order before the end of the year. We grabbed some tips on Novemeber financial to-dos from one of the financial planning blogs we often follow for how-tos, tips, and advice, LearnVest.
End-of-year financial & money to-dos:
1. Check your credit score: Recent changes in FICO's scoring system in August could put you in a better position when it comes to debts that went to collections that you paid off, or medical debts affecting your credit score.
2. Budget for the holiday season: Make sure you create and stay within a budget this holiday season. Gift giving can often get a little out of control. See if there are any gifts that can be DIY, or perhaps decide you are going to set a monetary limit for each family member's gift.Â
3. Plan any charitable donations: Now is the time to make any charitable contributions if you have budgeted to do so in 2014.Â
4. Look into financial aid options: FAFSA (Free Application for Federal Student Aid) applications can begin to be submitted on January 1st.Â
5. Discuss money with family: The holidays (while maybe not at Thanksgiving dinner) are a good time to discuss the basic principles of budgeting or managing money. Providing positive advice for younger family members can help pave the way for them to make smarter money moves as they grow financially.
If you have any questions or concerns when it comes to tax advice, tax prep, or bookkeeping as the year nears its end, please give us a call at Bloch, Rothman & Associates, LTD at (303) 321-7060 and get out and vote!
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Getting Ahead for 2015: Tax Tips for November & The Fourth Quarter
Continuing on with the series we have been blogging about for most of the year, Getting Ahead for 2015. We have some additional tips for the upcoming month of November and the rest of the Fourth Quarter as the end of the year is approaching very quickly - only a couple months left until 2015!
As Novemeber is fast approaching, the month is truly about Thanksgiving and spending some time with those close to you. That being said, year end gift-giving may be on the mind. November is a great time to make any monetary gifts you have been desiring to make to charities or family members. Make sure to do this before the end of the year. The annual gift exclusion for 2014 is $14,000. This is the maximum amount of money you can give to another person without having to pay a gift tax.Â
As we mentioned in our Getting Ahead Tips for October, these last few months of the year in the Fourth Quarter can be a great time to do some research on taxes, as their may be chagnes in 2015 deduction limits or retirement contributions.
As the year-end approaches, if you have any concerns or needs regarding tax preparation, tax resolution services, bookkeeping, or tax advice, please give us a call as your trusted Denver accountant at Bloch, Rothman & Associates LTD. (303) 321.7160.
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As Novemeber is fast approaching, the month is truly about Thanksgiving and spending some time with those close to you. That being said, year end gift-giving may be on the mind. November is a great time to make any monetary gifts you have been desiring to make to charities or family members. Make sure to do this before the end of the year. The annual gift exclusion for 2014 is $14,000. This is the maximum amount of money you can give to another person without having to pay a gift tax.Â
As we mentioned in our Getting Ahead Tips for October, these last few months of the year in the Fourth Quarter can be a great time to do some research on taxes, as their may be chagnes in 2015 deduction limits or retirement contributions.
As the year-end approaches, if you have any concerns or needs regarding tax preparation, tax resolution services, bookkeeping, or tax advice, please give us a call as your trusted Denver accountant at Bloch, Rothman & Associates LTD. (303) 321.7160.
Record Number of Taxes Collected for Fiscal Year 2014
The October 15th tax extension deadline has come and gone as we enter further into the fourth quarter. We hope everyone has taken the appropriate steps to file their taxes with the IRS.Â
The federal government, in a report released Wednesday from the Treasury Department, reported that it collected a record amount of taxes for fiscal year 2014.
The $3 trillion dollars in revenue that was collected assisted in dropping the deficit to its lowest level under Barack Obama's presidency.Â
According to the US Treasury, individual taxes increased 6% and coprorate income taxes increased 17%.Â
To read more on the matter, visit the full article in The Washington Times here, and be sure to call us at Bloch, Rothman & Associates, LTD in Denver for tax prep, tax resolution, bookkeeping, and tax advice. (303) 321.7160
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The federal government, in a report released Wednesday from the Treasury Department, reported that it collected a record amount of taxes for fiscal year 2014.
The $3 trillion dollars in revenue that was collected assisted in dropping the deficit to its lowest level under Barack Obama's presidency.Â
According to the US Treasury, individual taxes increased 6% and coprorate income taxes increased 17%.Â
To read more on the matter, visit the full article in The Washington Times here, and be sure to call us at Bloch, Rothman & Associates, LTD in Denver for tax prep, tax resolution, bookkeeping, and tax advice. (303) 321.7160