Alarmingly isn’t it? Everyone should have an emergency fund. Only 37% of Americans have enough emergency savings to pay for a $500 crisis. That is roughly 4 in 10 Americans have something to cover an emergency. And that is a small emergency like a car repair or broken appliance. What about something major like a root canal or repairing a roof from wind damage?
Tax day is behind us and now the question remains, “how long do I need to keep my tax records?” The answer is–it depends on when you can toss old tax files.
Are you are up against the April 18, 2017 deadline and still need some information to complete your tax return, here are some last minute tax tips. Keep in mind these tips will help you also address last minute tax payments.
Top 6 Tax Scams List Put Out by the IRS
Are your taxes done? If you haven’t and you are feeling the pressure to get them done. There are unscruplous tax preparers out there who will try to make you feel very good about a great big refund. However, the truth is, they are scamming you. This list will show you how they deceive you with unethical tax preparation practices. Instead of getting caught in this ordeal, we suggest you file an extension.
The IRS recently put this list of the top six tax scams on the website to help you avoid being caught victim to illegal tax practices. If you fall victim to one or more of these tax scams, you could end up with tax penalties, interest and worse, no refund!