The Paley Rothman Blog
Paley Rothman shares this library of resources with clients and friends of the firm to help them stay ahead of legal and business developments and trends. Here, you will find helpful tips and tools written by our employees.
Haven’t filed a tax return in a while and earn over $100,000? You won’t be able to hide for long. Recently, the Internal Revenue Service announced it will be stepping up efforts by “drop-in” visits to the homes of high-income taxpayers who have failed to file tax returns in prior years in an effort to increase tax compliance and further enforce collection. Sometimes the drop-ins are even unannounced.
If you have rental income that you report on your personal tax return, be sure to review these new guidelines with your tax advisor to see if you qualify for deductions against that income.
Be wary – for scammers, natural disasters are a field day and just another golden opportunity to target those affected and those who want to offer help and support. Don’t become a victim.
When you're lonely and looking for companionship, and someone reaches out, be wary if they start asking for money. Lonely-heart scams are on the rise according to the FTC.
The scammers are out in force with new tax scams. What are the latest tax return scams?