Free Press Release Center Logo
We have signed the
Business Ethics Pledge
News Now logo
  Home | About Us | Keyword Directory | Business Directory | Media Directory Fri 10 Oct 2008
  Sample Press Release | Press Release Articles | Press Releases and SEO | Press Release Book Read our Blog
 

Tax settlement firm warns taxpayers about filing scams

The IRS recently released their "Dirty Dozen" tax scams. FSI Tax is urging taxpayers to learn about these tax scams in an effort to protect themselves from becoming victims.

 Print View

February 13, 2006 (FPRC) -- Executives at Maryland-based FSI Tax Corp are urging taxpayers to look out for common tax scams as the April 17 filing date approaches.

The IRS released on February 7 its annual list of the 12 most common tax scams, known as the Dirty Dozen, that taxpayers should avoid. The IRS noted two new scams known as “zero wages” and “Form 843 tax abatement” in which filers use IRS forms to claim their tax bills are wrongly inflated.

Other popular tax scams involve tax preparers who guarantee larger returns -- especially without full knowledge of a taxpayer’s situation -- or tax preparers who promise to eliminate taxes. These preparers charge inflated fees with the promise to get high tax returns but leave the taxpayer in debt to the IRS when inaccurate or excessive deductions are claimed which the IRS eventually finds illegitimate.

“You are ultimately responsible for your taxes,” said FSI Tax President Sean McCabe. “Even if you are misled by a tax preparer, the IRS will hold you accountable as long as you signed your return.”

McCabe as also warns that identity theft scams are prevalent around tax season. Taxpayers should always be aware of who is receiving personal financial information. This is especially true on the internet because some fraudulent tax preparers create bogus websites to exploit taxpayer information. Scammers can also use sensitive financial information or Social Security Numbers to claim someone else’s children as dependents.

The IRS does not contact taxpayers about their accounts through email. If you receive tax-related information through email and you suspect that it is illegitimate, call 1-800-829-1040 to report the incident.

“If a tax preparer advises you to do something that seems illegal or makes promises that sound too good to be true, that is reason enough to be suspicious,” warns McCabe. “Be especially careful who prepares your taxes and remember to always read your return before signing.”

FSI Tax consultants also urge taxpayers to disregard claims that taxes are voluntary or that the IRS operates illegally. These claims are not upheld in court and following the advice of these tax-protestor scams will get you in trouble.

About FSI Tax Corp:

FSI Tax is a tax resolution company headquartered in Columbia, MD, since January 2004. It is dedicated to helping taxpayers resolve their tax debt through various programs available from the IRS and state tax agencies. FSI Tax services include tax resolution through Offer in Compromise, Installment Agreement and other available tax relief programs. For more information, please call FSI Tax Corp at 1-877-4-FSI-NOW (1-877-437-4669) or visit www.fsitax.com.


Send an email to Sean McCabe of FSI Tax Corp
1-877-437-4669

Keywords: tax, IRS, OIC


Sign in

Register here.
Forgotten password?


Press releases by industry
Advertising
Aerospace and Defense
Architecture
Arts and Entertainment
Audio and Video
Automotive
Baseball
Basketball
Beauty
Beverages
Business
Chemicals
Christianity
Communication
Computers
Consumer
Crops
eCommerce
Economy
Education
Employment
Energy
Environment
Events and Trade Shows
Fashion
Finance
Food
Football
Forestry
Golf
Government
Hardware
Healthcare
Holidays
Human Resources
Immigration Services
Information Technology
Insurance
Internet
Investment Services
Legal
Leisure
Lifestyle
Linux and Open Source
Maritime
Media
Non-Profit
Photography
Plumbing and Heating
Politics
Public Relations
Railroads
Real Estate
Religion and Faith
Restaurants
Retail
Science
Society
Software
Sports
Technology
Television
Toys
Trade
Transportation
Travel and Tourism
Trucking
Volunteer
Waste Management
Water

[ Vist our sister sites: Linux news | Bible Notes | Bible Study Tool ]
[ Technology Blog ]

Site design and layout copyright 2005-2008 Free Press Release Center