Tag: Scam alert
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 today issued a renewed warning urging people to carefully review the Employee Retention Credit (ERC) guidelines before trying to claim the credit as promoters continue pushing ineligible people to file. The IRS and tax professionals continue...
SCAM ALERT: Beware a new IRS-themed phishing scam via text
The Internal Revenue Service is warning taxpayers of a recent increase in IRS-themed texting scams aimed at stealing personal and financial information. So far in 2022, the IRS has identified and reported thousands of fraudulent domains tied to multiple MMS/SMS/text...
SCAM Alert: Coronavirus fraudsters add to the anxiety and misery
From the Association of Certified Fraud Examiners: Disaster fraud has become so common that many U.S. federal agencies were quick to create websites to address coronavirus-related scams, complete with tips and sharable graphics for users to link to on social media. Some...
LARA alerts Michigan corporations of scheme to file bogus document
Michigan Dept. of Licensing and Regulatory Affairs (LARA) Director Orlene Hawks today warns Michigan corporations of a non-governmental entity called “Michigan Council for Corporations” seeking to collect a $150 fee to prepare “corporate consent records in lieu of annual meeting...
Be aware of new collections scam
According to the Michigan Department of Treasury, Michigan taxpayers with past-due tax debts should be aware of a new scam making the rounds through the U.S. Postal Service, according to the Michigan Department of Treasury. In the scheme, taxpayers are...
SCAM ALERT: New Refund Scam using deposit and reclaim phish
** ShindelRock has already had a client solicited with this type of scam! Fortunately he called us before he deposited the mysterious check from the IRS. Always confirm with your ShindelRock tax professional if you receive unexpected communications or money of any sort...
Scam Alert: QuickBooks scam targets small businesses
A new phishing scam is targeting small businesses with a message that looks like an email alert from QuickBooks. How the Scam Works: You receive an email with the subject line “QuickBooks Support: Change Request.” The message is “confirming” that you...
The many ways scammers can get their hands on your money
Scams come in all shapes and sizes, but many share similar characteristics. And if you know what they are, you can save yourself from being swindled. Some of the more common characteristics of investment fraud include: The investments are promoted...
SCAM ALERT: Fake Michigan form asks businesses for $150 fee
The Department of Licensing and Regulatory Affairs (LARA) is warning of a fake government form being mailed out to businesses that asks for a $150 fee. Some Michigan businesses have reported receiving an official-looking form entitled the “2015 Annual Minutes...