by Taxing Subjects | Sep 6, 2024 | Tax Tips and News
As part of the Dirty Dozen tax scams and fraud awareness effort, the Internal Revenue Service (IRS) encourages people to report individuals who promote improper and abusive tax schemes, as well as tax return preparers who deliberately prepare improper returns.
In this second installment of our overview of the 2024 Dirty Dozen, we look at the stern warnings issued by the IRS regarding scammers who promote schemes designed to evade taxes, scams targeting the wealthy, and dubious social media advice.
Tax Evasion Pitched as “Tax Strategies”
Thinly veiled tax evasion schemes come in various forms and can pose significant threats to taxpayers, sometimes even involving international elements—for example, concealing money and digital assets in foreign accounts or using foreign captive insurance and foreign individual retirement accounts.
“Taxpayers should be wary of anything that seeks to completely eliminate a legitimate tax responsibility,” says IRS Commissioner Danny Werfel. “[Scammers] continue to peddle elaborate schemes to reduce taxes and make a handsome profit. Taxpayers contemplating these arrangements should always seek advice from a trusted tax professional, not an aggressive promoter focused on pushing questionable transactions to make a buck.”
Some prominent examples include exploitative agreements related to syndicated conservation easements, micro-captive insurance arrangements, foreign individual retirement arrangements, and “hidden” digital assets.
Syndicated Conservation Easements
A conservation easement is a restriction on the use of real property. Generally, taxpayers may claim a charitable contribution deduction for the fair market value of a conservation easement transferred to a charity if the transfer meets the requirements of Internal Revenue Code section 170.
In abusive arrangements, scammers syndicate conservation easement transactions, offering investors the opportunity to claim charitable contribution deductions and corresponding tax savings that far exceed the amount invested. These arrangements generate high fees for scammers and attempt to exploit the tax system with grossly inflated tax deductions.
Micro-Captive Insurance Arrangements
A micro-captive, also known as a small captive, is an insurance company whose owners elect to be taxed on the captive’s investment income only. Abusive micro-captives involve schemes that lack many of the attributes of legitimate insurance, such as implausible risks, failure to match genuine business needs, and unnecessary duplication of the taxpayer’s commercial coverages. The premiums paid under these arrangements are often excessive, reflecting non-arm’s length pricing. The IRS has made enforcement against abusive micro-captive transactions a high priority, prevailing in related Tax Court and appellate court cases since 2017.
Schemes with International Elements
Scammers may also promote tax avoidance through contributing to foreign individual retirement arrangements, which allow contributions in a form other than cash and do not limit the amount of contributions by reference to employment or self-employment activities. By improperly asserting this as a “pension fund” for U.S. tax treaty purposes, the taxpayer claims an exemption from U.S. income tax on gains and earnings in, and distributions from, the foreign individual retirement arrangement.
The Foreign Account Tax Compliance Act (FATCA) plays a critical role in combating tax evasion by U.S. persons holding accounts and other financial assets offshore. It requires most U.S. taxpayers with financial assets outside the United States to report these assets to the IRS, and certain foreign financial institutions must report directly to the IRS about financial accounts held by U.S. taxpayers. Reporting requirements carry penalties for failure to file.
Despite these measures, scammers continue to lure U.S. persons into placing their assets in offshore accounts and structures, falsely claiming they are out of reach of the IRS. These assertions are untrue, as the IRS can identify and track anonymous transactions of foreign financial accounts.
“Untraceable” Digital Assets
Digital assets are digital representations of value recorded on a cryptographically secured, distributed ledger or similar technology. Common examples include convertible virtual currency, cryptocurrency, stablecoins, and non-fungible tokens (NFTs).
Scammers often falsely claim that digital assets are untraceable and undiscoverable by the IRS. In reality, the IRS can track anonymous transactions of digital assets globally. For federal tax purposes, digital assets are treated as property, and general tax principles applicable to property transactions apply to transactions using digital assets.
Aggressive Tax Strategies Targeting the Wealthy
The IRS has also issued a warning to high-income individuals about three specific tax traps designed by scammers and shady tax practitioners. Wealthy taxpayers are particularly susceptible to schemes that promise to reduce their tax burden but can lead to severe legal consequences.
High-income individuals often become targets for various aggressive tax strategies and schemes. These strategies can range from inflated art donation deductions to aggressive charitable remainder annuity trusts and complex shelters designed to delay the payment of gains on property.
Improper Art Donation Deductions
Some scammers exploit art donations by promising inflated values. These scammers encourage taxpayers to purchase art at a “discounted” price, which may include additional services like storage, shipping, appraisal, and donation arrangements. The scammers claim that the art is worth significantly more than the purchase price, encouraging taxpayers to donate the art after a year and claim a tax deduction for an inflated fair market value.
The IRS has a team of professionally trained appraisers who assist in valuing personal property and works of art to ensure compliance with tax laws. Commissioner Werfel warned, “Creativity in art is a beautiful thing, but aggressive creativity in art donation deductions can paint a bad picture for people pulled into these schemes. Taxpayers should be careful to understand the rules and watch out for inflated values or questionable appraisals.”
Charitable Remainder Annuity Trust (CRAT)
A Charitable Remainder Annuity Trust (CRAT) is an irrevocable trust allowing individuals to donate assets to charity while drawing annual income for life or a specific period. However, some scammers misuse CRATs to eliminate capital gains improperly.
In these schemes, appreciated property is transferred to a CRAT, and the transfer is wrongly claimed to provide a step-up in basis to fair market value. The CRAT sells the property without recognizing gain and uses the proceeds to purchase a single premium immediate annuity (SPIA). The beneficiary then reports only a small portion of the annuity as income, misapplying the rules to exclude the remaining payment as a return of investment. Taxpayers should be wary of such schemes, as they misapply the laws relating to CRATs.
Monetized Installment Sales
Monetized installment sales are another aggressive tax strategy used by scammers to defer gain recognition on the sale of appreciated property. In these transactions, an intermediary purchases the property in exchange for an installment note, which typically includes interest-only payments with the principal due at the end of the term.
The seller receives most of the proceeds but improperly delays gain recognition until the final installment payment, often scheduled many years later. This strategy can lead to significant legal trouble as it abuses the tax system.
The IRS urges wealthy individuals to remain cautious and seek advice from independent tax or legal professionals. By avoiding scammers and understanding the rules, taxpayers can protect themselves from schemes that distort tax laws and result in severe penalties.
Bad Tax Advice on Social Media
The IRS has also warned taxpayers about the dangers of bad tax information circulating on social media. Platforms like TikTok are rife with inaccurate or misleading tax advice, which can lead to serious consequences, including identity theft and tax problems.
Social media can often spread incorrect tax information, where users share wildly inaccurate advice. Some schemes involve urging people to misuse common tax documents like Form W-2 or more obscure ones like Form 8944, a technical e-file form not commonly used by taxpayers. Both scams encourage the submission of false information in hopes of obtaining a refund.
The IRS is aware of various filing season hashtags and social media topics leading to inaccurate and potentially fraudulent information.
Fraudulent Advice on Form W-2
One scheme encourages people to use tax software to manually fill out Form W-2, Wage and Tax Statement, and include false income information. Scam artists suggest making up large income and withholding figures, as well as the employer details. They instruct people to file the bogus tax return electronically in hopes of getting a substantial refund, sometimes as much as five figures.
According to the IRS, variations of this scheme involve misusing Form 7202 and Schedule H to claim credits and refunds based on false information.
Form 8944 Scheme
Another example involves Form 8944, Preparer e-file Hardship Waiver Request. False claims circulating on social media suggest that taxpayers can use this form to receive a refund from the IRS, even if they have a balance due. This information is incorrect. Form 8944 is intended for tax return preparers who request a waiver to file returns on paper instead of electronically.
Taxpayers who intentionally file forms with false information can face severe consequences, including civil and criminal penalties, such as criminal prosecution for filing a false tax return and a frivolous return penalty of $5,000.
Verifying Tax Information
The best place for taxpayers to learn how to properly use tax forms and follow legitimate social media channels related to taxes is IRS.gov. The website provides a repository of forms with detailed instructions and links to official IRS social media accounts.
Reporting Fraud
To report such activities, individuals can use the online Form 14242. The form can also be printed and completed to be sent by mail or fax to the IRS Lead Development Center in the Office of Promoter Investigations:
Internal Revenue Service Lead Development Center
Stop MS5040
24000 Avila Road
Laguna Niguel, CA 92677-3405
Fax: 877-477-9135
Alternatively, taxpayers and tax practitioners may send information to the IRS Whistleblower Office for a possible monetary award.
For more information, visit the IRS page on abusive tax schemes and preparers.
This article is for informational purposes only and not for legal or financial advice.
– Article provided by Taxing Subjects.
by Taxing Subjects | Jun 27, 2024 | Tax Tips and News
Filing deadlines often change for taxpayers in regions that experience natural disasters. When these extreme weather events hit, the Internal Revenue Service frequently provides tax due date extensions to areas designated by the Federal Emergency Management Agency (FEMA). The relaxed due dates are intended to give more time to the individuals and businesses impacted by the natural disaster to prioritize relief and recovery instead of drawing their focus to a filing deadline. Following are notices for the upcoming tax season. We encourage you to visit the Tax Relief in Disaster Situations page on the IRS website for the very latest updates.
Arkansas High Winds and Flooding
On May 24, heavy weather in Arkansas created tornadoes, straight-line winds, and flooding for several counties in the state. The IRS issued these regions (designated as a disaster zone by FEMA) additional time for their tax deadline. The new date is November 1 for businesses and individuals filing tax returns. The list of qualifying counties can be found in the IRS info link for Arkansas.
IRS Information on Arkansas Weather Tax Relief
West Virginia Extreme Weather Tax Relief
A storm system over West Virginia hit on April 2, 2024. The following damage caused FEMA to designate certain counties as disaster zones. The IRS issued a filing extension to the affected regions now due November 1, 2024 for entities and individuals in the impacted areas. The full county list and additional instructions are available in the IRS news release.
IRS Information on West Virginia Storm Relief
Storm Disasters in Kentucky
Landslides, mudslides, and other extreme weather struck Kentucky on April 2, 2023. A taxpayer deadline extension from the IRS now allows for a new date of November 1, 2024 to businesses and individuals from the impacted counties.
IRS News Release on Kentucky Storm Tax Relief
Massachusetts Flooding
The IRS decided on a new tax payment date for the counties of Bristol and Worcester, MA after a storm event from September 11, 2023 brought flooding to the region. The current filing date for affected individuals and business entities is now July 31, 2024.
IRS information on Massachusetts Storm Tax Relief
Destructive Weather in Texas
An intense storm system came through Texas on April 26, 2024 causing straight-line winds, tornados, and flood damage. More than a dozen counties will receive more time time to file taxes according to a recent IRS notice. The new due date for tax payments is on November 1, 2024. The full list of counties can be found through the IRS link.
IRS information on Texas Tornado Tax Relief
Severe Weather in Iowa
Iowa experienced destructive weather and tornados on April 26, 2024. Eight counties in the disaster zone quantified by FEMA qualify for extra time filing taxes according to a recent IRS notice. The new date for payment is October 15, 2024. A second round of storms hit May 20, 2023. Those affected can find out more about their tax deadline on November 1, 2024 here. The state will also create a temporary taxpayer assistance center.
IRS information on Iowa Extreme Weather Tax Relief
Tornados in Nebraska
Storms with strong winds and tornados destroyed areas of Nebraska on April 26, 2024. A disaster relief extension from the IRS now allows taxpaying entities to file on October 15, 2024. Visit the information release for the full list of counties the tax postponement affects.
IRS information on Nebraska Tornado Relief
Ohio Tornados
Tornados ripped through Ohio on March 14, 2024 causing damage to for tax-paying businesses and individuals. The IRS created an extension to September 3, 2024 for the counties impacted by the high winds to help to those impacted by the weather events focus on reconstruction and sooth financial worries.
IRS information on Ohio Tornado Tax Relief
Oklahoma Tornados
High winds, storms, flooding and tornados struck several counties in the state of Oklahoma on April 25, 2024. In an information release, the IRS issued an extension to taxpayers in the affected counties to ease tax-related burdens to those impacted by the weather events.
IRS information on Oklahoma Tornado Tax Relief
The Hawaii Wildfires
Parts of Hawaii and counties in Maui have been granted an additional individual and business return filing extension now due August 7th, 2024 to help the victims of the fires to focus on disaster recovery.
IRS information on Hawaiian Wildfires
Mudslides and Other Disasters in Alaska
Heavy storms in the Wrangell Cooperative Association of Alaska Tribal Nation caused landslides and mudslides beginning November 20, 2023. Taxpayers of the FEMA-identified region may qualify for a tax filing extension now due July 15, 2024. The full guidelines with additional information and the required qualifications are available on the IRS website.
IRS Information on Alaskan Severe Weather
Spokane Wildfires
Wildfires burned in Spokane, Washington beginning August, 18 2024. Taxpayers in Spokane County may qualify for a tax filing extension due June 17, 2024 designated by the IRS to encourage disaster relief. The full guidelines on qualifications are available at this IRS Information link.
IRS Information on Spokane Fires
Strong Storms and Flooding in San Diego County
Fierce weather struck San Diego on January 21, 2024 causing serious damage to individuals and infrastructure. The IRS recently declared that those who qualify (as having their business or property hurt by the disasters) will have until June 17, 2024 to file their taxes.
IRS Information on San Diego Serious Weather Tax Relief
Michigan Severe Weather: Flooding, Tornadoes, and Storms
Powerful storms rocked Michigan August 24, 2023. FEMA ruled that many counties experienced natural disasters and the IRS will allow them to qualify for a filing extension which now has taxes due June 17, 2024. All counties which qualify are included in this IRS news release link.
IRS Information on Michigan Storm Damage Tax Relief
Mudslides and Other Extreme Weather in West Virginia
Landslides, mudslides, flooding, and storm damage hit West Virginia counties August 28, 2023. Taxpayers in the region may qualify for extra time filing taxes with a new date of June 17th, 2024 established by the IRS.
IRS Information on Relief to Those Impacted by West Virginia Extreme Weather
Storm Destruction in the State of Maine
Several counties in Maine will experience a tax payment due date change to June 17, 2024. This decisions comes in the wake of heavy storms which hit the region December 17, 2023. A list of all areas designated by the IRS under the relief order can be found below. Another round of weather on January 9th, 2024 struck the state causing the IRS to provide extensions until July 15th. The relief package information for this disaster event is available here.
IRS Information on Tax Extensions for the 12-17-23 Maine Storm Damage
Rhode Island Storms, Tornado, and Flooding
A tax deadline change to June 17, 2024 was issued by the IRS to victims of extreme weather occurrences in Providence County. Citizens and businesses of the county affected by the disasters have been given additional time to get their taxes in order because of the damage caused by the intense weather of September 10, 2023. Another pattern of severe weather on December 17th and Jan 9th caused additional flooding. The relief extensions from these natural disasters last until July 15th and are available at this link.
IRS Information on the 9-10-24 Rhode Island Severe Weather Filing Extensions
Connecticut Storms, Flooding, and Dam Breach
The recent severe weather on January 10, 2024 caused widespread damage to taxpayers in Connecticut. To offer relief to those affected in New London County, and the Mogehan and Mashantucket Pequot Tribal Nations, the IRS extended their dues until June 17, 2024.
IRS Information on Connecticut Storm Tax Relief
Tornado Storm Damage
A recently announced filing deadline for both individuals and business organizations in parts of Tennessee is now in effect. The severe tornadoes prompted the IRS to extend the due date for payments to June 17, 2024. People, households, and entities with addresses inside the area designated by FEMA are automatically able to make use of the extension. They do not need to contact the IRS to become eligible.
IRS Information on Relief for Tennessee Tornadoes
California Storm Victims
55 of 58 counties in California qualify for a 2022 tax season filing extension which is now due on November 16, 2023. This deadline extension originates from strong storms in the region last winter which caused flooding, landslides, and other severe weather phenomena.
IRS Information on California Storm Victims
Terrorist Attacks in Israel
The IRS adjusts due dates for certain payments and filing that fall between Oct. 7, 2023 and Oct. 7, 2024. Individuals such as humanitarian workers and businesses whose central place of operation is Israel may be able to receive this relief.
IRS Information on Terrorist Impacted Individuals and Entities in Israel
Louisiana Seawater Intrusion
Individuals or businesses residing in Jefferson, Orleans, Plaquemines and St. Bernard parishes may now be able to delay filing returns and paying taxes until Feb, 15, 2024.
IRS Information on Louisiana Seawater Intrusion Tax Relief
Drought Impacted Industry
Qualifying farmers and ranchers in 49 states, two U.S. Territories, and D.C. who were forced to sell livestock due to drought conditions will have an extended window to replace the livestock and report gains.
IRS Information on Drought Impacted Livestock Sales
Hurricane Lee
The Federal Emergency Management Agency issued a disaster declaration for all counties in Massachusetts and Maine. These states are eligible for tax relief and their tax dates are now rescheduled to February 15th.
More IRS Information on Hurricane Lee
Hurricane Idalia
The IRS has announced tax relief packages for regions in the states of Florida, Georgia, and South Carolina to help those affected concentrate on rebuilding after the storm. Tax payments are now pushed back until February 15th, 2024.
IRS information on Hurricane Idalia
– Article provided by Taxing Subjects.
by Taxing Subjects | Oct 4, 2022 | Tax Tips and News
IRS extends tax deadlines and lifts dyed diesel fuel penalties for Hurricane Ian victims in Florida.
Hurricane Ian slammed into the Florida coast last week, leaving a trail of destruction that resulted in more than a million without power and 81 confirmed dead. The Internal Revenue Service announced tax relief and dyed diesel fuel penalty relief for storm victims following a disaster declaration for the entire state by the Federal Emergency Management Agency (FEMA).
These relief measures are designed to make disaster recovery easier by delaying upcoming tax-related deadlines and helping emergency workers operate in affected areas. Tax relief is automatically granted to individual residents and business owners in affected areas; dyed diesel fuel penalty relief is available to sellers and emergency-vehicle operators who pay the highway diesel tax.
What deadlines are affected by Hurricane Ian tax relief?
The Florida tax relief delays some individual and business deadlines beginning on September 23, 2022, until February 15, 2023. While the “Disaster Assistance and Emergency Relief for Individuals and Businesses” page on IRS.gov includes information about the affected deadlines, the agency listed the following affected deadlines in its news release:
- October 17, 2022, individual extension filing deadline (does not apply to tax payments due April 18, 2022)
- October 17, 2022, calendar-year corporation extension filing deadline
- October 31, 2022, quarterly payroll and excise tax return deadline
- November 15, 2022, calendar-year tax-exempt organization extension filing deadline
- January 17, 2023, quarterly estimated income tax payment deadline
- January 31, 2023, quarterly payroll and excise tax return deadline
Further, the IRS says that “penalties on payroll and excise tax deposits due on or after September 23, 2022, and before October 10, 2022, will be abated as long as the deposits are made by October 10, 2022.”
While these new deadlines are automatically granted to those with “an IRS address of record located in the disaster area,” some individuals who live out of state may be able to qualify, like relief workers. They will need to call the IRS number used for disaster-related assistance: 866-562-5227.
How does the dyed diesel fuel penalty relief work?
Dyed diesel fuel is typically only approved for usage that is exempt from excise tax, like off-road farm vehicles and heating homes. To help emergency workers responding to the situation in Florida, the IRS lifted the penalty for fuel sellers and highway emergency vehicle operators.
In a Friday news release, the agency outlined specifics of this relief:
- This relief begins on September 28, 2022, and will remain in effect through October 19, 2022
- The relief is available only if the operator or the person selling such fuel pays the tax of 24.4 cents per gallon that is normally applied to diesel fuel for highway use
- The IRS will not impose penalties for failure to make semimonthly deposits of tax for dyed diesel fuel sold for use or used in an emergency vehicle on the highway in the state of Florida during the relief period
For more information about tax reporting and payment, see “Publication 510, Excise Taxes.”
Sources: “Hurricane Ian updates: Florida death toll climbs,” ABCNews.go.com; “Ian recovery efforts in the Southeast will be complicated: Live updates,” NPR.org; IR-2022-168; IR-2022-169
– Article provided by Taxing Subjects.
by Taxing Subjects | Oct 4, 2022 | Tax Tips and News
Identity theft. Just the mere mention of this mayhem masquerade is enough to make the blood of tax professionals everywhere run cold.
As keepers of our clients’ most precious information, we are at once the target to identity thieves, and the solution for our customers’ protection.
Sometimes it seems as if the scammers are winning. But we already have the tools that can help keep the bad guys at bay.
Identity theft is evolving (again)
Historically, most identity theft attacks are phishing emails, though scammers have begun using text messages. Whatever form these scams take, the Internal Revenue Service says they share a few characteristics:
- They appear to come from a known or trusted source, such as a colleague, bank, credit card company, cloud storage provider, tax software provider or even the IRS and other government agencies.
- They create a false narrative, often with an urgent tone, to trick the receiver into opening a link or attachment.
If successful, the “link” could install malware in the background, unknown to the personnel on the receiving end. Many times, a nasty “remote access trojan” (or RAT), is installed, allowing attackers to return to the system and gain ongoing access.
This software can take over a tax pro’s office system, identifying and completing pending tax returns, then e-filing them after changing the banking information to steal the refund.
Similar scenarios can be used to employ ransomware that holds an office’s data hostage until a ransom is paid.
Use multi-factor authentication to protect your accounts
Even the safest platforms can put data at risk when used improperly, and identity thieves are adaptable. Lately, the IRS has seen evidence that cloud-computing systems are being targeted by identity thieves. These breaches are often suffered by smaller tax offices that don’t take advantage of security measures like multi-factor authentication.
Multi-factor authentication requires additional user-provided information to access an account, like a remotely generated code or answers to questions. This additional layer of security can stymie identity thieves attempting to log in fraudulently as office employees.
The Security Summit, a panel of IRS officials, state and local taxing agency representatives, and tax industry partners, has some recommendations about how multi-factor authentication should be constructed to be most effective.
First, whenever two-factor (2FA) or multi-factor (MFA) options are offered by storage providers or other cloud providers, use it. Either option could protect client accounts – even in the event that passwords become compromised.
Second, never use email as one of the additional methods of validating the user. Email is less secure and can be an easier nut to crack for the attacking identity thief. Text, phone calls or tokens are all a better choice.
Other good practices to follow include using encryption on critical drives and backing up files regularly. Don’t forget to update your anti-virus software on a regular basis.
As tax professionals, it’s up to us to secure our systems to protect the sensitive customer data.
For more information on protecting your office from scammers and identity thieves, see Publication 4557, Safeguarding Taxpayer Data and Small Business Information Security: The Fundamentals.
Other resources include Publication 5293, Data Security Resource Guide for Tax Professionals and the Identity Theft Central webpages on the IRS website.
Source: Security Summit warns tax pros of evolving email and cloud-based schemes to steal taxpayer data
– Article provided by Taxing Subjects.
by Taxing Subjects | Sep 16, 2022 | Tax Tips and News
The US coastline is about to face the worst of the 2022 hurricane season, and many businesses within a day’s drive are taking steps to prepare. While weatherproofing buildings and fueling generators is important, for tax professionals, there are a few more simple steps to be sure your business is ready to weather the storm.
What steps should you take before a storm?
The first step is to protect your data. Back up your electronic files to flash drives or DVDs. Once complete, store the backup media in a waterproof container in a secure area. It is reasonable to make a second copy of your data and store in a safe, secondary location, just in case of catastrophic damage to your physical office.
Despite the electronic revolution, income tax preparation businesses generate a lot of paper documents and these, too, need to be stored in the waterproof containers – both on-site and offsite.
Keep in mind, though, that paper documents do not always have to remain on paper; you can scan them and keep those digital images in a lot less physical space than their paper equivalents. (Tools like Drake Documents, Drake Portals, and GruntWorx can help you smoothly make the transition to a practically paperless office.)
Other than client tax returns, what else should you save?
Property-specific documents such as deeds, titles, and insurance policies are a good choice, as are receipts for computers and other major office machine purchases that could be expensive to replace if they are damaged in a storm.
You’ll want to build a detailed inventory of the furniture and office machines in your office, detailing the various items, along with their model and serial numbers.
Remember, if your tax preparation office or its contents are damaged by a hurricane or other natural disaster, you’ll need these numbers to prove there has been a loss and pave the way for getting replacements.
If you’d like some help building your inventory, check out the IRS’s disaster preparation workbook: Publication 584-B.
What should you do after a storm?
The ability to access documents after a natural disaster is an essential part of the rebuilding process, highlighting the importance of reliable data backups. Depending on the level of damage to your business, rebuilding records could be your first and biggest job.
Your records will also be valuable when applying for federal assistance or insurance claims; some may come from companies or vendors you’ve dealt with. To check out what the process involves, review Reconstructing Records from the IRS.
More information is available!
For more information on disaster preparation and recovery for your income tax prep business, see these resources courtesy of the IRS:
September is National Preparedness Month. To learn more, visit Ready.gov.
Source: September is National Preparedness Month; IRS urges everyone to update and secure their records to prepare now for natural disasters
– Article provided by Taxing Subjects.
Golden Coast Tax Service