Beware of Fake “IRS” Telephone Calls!

UntitledReuters reported a couple of days ago about a  continuing IRS scam.  The incoming call from the scammer goes something like this.  First, the ringing phone will show a pseudo IRS caller ID reference, falsely prepping the victim who is about to answer the phone.  Once answered, the listener may hear some sort of call-center-type noises in the background, further giving a false credibility to the scammer.

The scammer demands payment from the victim, generally requesting some sort of wire funds to “make right” the supposed debt due to the IRS.  The demographic seemingly most victimized by this scam are currently immigrants.  Targeting immigrants probably makes sense, given the fact that often there is a communication probably between the scammer and the victim already.  Throw in some official language and it’s no wonder immigrants make a perfect target.

After the fake “IRS” phone call, there have been reports of follow-up calls from local police or sheriff’s offices to further legitimize the call.  We simply recommend that you please be careful.  The IRS will never request a wire, in particular without some sort of official letter already sent thru the postal system.

Is Permanant Life Insurance a Bad Deal?

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As I have written in earlier posts, life insurance is the Swiss Army knife of financial planning.  And, for those who have fiddled with a Swiss Army knife, they will notice the many options available.  Corkscrew, Phillips Screwdriver, Allen Wrench, general purpose knife, and bottle openers can almost always be found on any Swiss Army [...]

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Tax Season Delayed for One to Two Weeks

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It appears that the recent government shut-down will have effects carrying into the 2014 tax filing season.  The IRS recently announced that they will begin accepting tax returns no earlier than January 28 – the date could actually be pushed back into the first week of February.  The original beginning receiving date was January 21, [...]

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Who is a Dependent? – 2013 Income Tax

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One of the most frequently asked questions of a tax preparer is this:  Can I claim so and so?  The answer depends on a few questions, and is important, as each dependent exemption reduces the filer’s taxable income by $3,900.  Whether your dependent is really a ‘dependent’ also determines issues like the Child Tax Credit, [...]

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How Large Companies Pay Zero Federal Tax

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Not too long ago, the Apple Corporation was in the news not for their latest, greatest product – but because somehow Apple accountants somehow managed to pay zero Federal tax.  Of course, that news is disconcerting to many regular folks.  Most people that we deal with pay Federal income tax.  Why is it that regular [...]

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Inept Obamacare Web-Builder Pockets Millions…..

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I’m not sure exactly how to categorize this post.  Let’s just put it in Insurance, even though it is probably more of a tax issue, given you the taxpayer is on the hook for this debacle. You’ve seen the news.  The Obamacare website is a dumpster-fire.  Dually noted, that is an offensive statement to all [...]

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Fraudulent ObamaCare Websites…..

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Just a note this week to be wary of homemade websites posing to be something that they’re not.  For every legitimate website out there, there are a few illigimiate ones that try to mimic an official site of some sort.  This is particularly true with new areas on the web.  As the official Obamacare site [...]

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Is the Social Security System Broke????

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I’m all for a good conspiracy.  Whether it be another shooter at the grassy knoll, or maybe a couple of SEC referees conspiring to keep our beloved Hogs near the bottom of the SEC West.  Whatever the conspiracy, they certainly are interesting.  And, normally, most of us bite.  We almost assume that in many events, [...]

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Nelly Says No Taxes Until the Govenment Shut-Down Ends!!

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Let me get this out before we go any further.  I only know of one Nelly.  The only Nelly I know was the daughter of the community store owner in fictitious Walnut Grove.  Walnut Grove was, of course, the home of Laura and Mary Ingalls.  Nelly was mean and nasty and could beat up just [...]

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My Thoughts on the Hogs……

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Another game and another loss for our beloved Hogs.  The hogs were for all practical purposes blown out in the Swamp last Saturday.  (Although, I’d love to play those guys again on neutral field.)  Visit any of the Razorbacks’ message boards, and you’ll see all kinds of doom and gloom from the Razorback ‘faithful’.  I don’t like [...]

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