Tower Accounting

11/22/2025

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10/06/2024

10/23/2023

IRS: Beware of fake charities; check before donating

IR-2023-196, Oct. 23, 2023

WASHINGTON —With the tragic crises and natural disasters happening around the globe, many are responding to the call to give what they can to help. The Internal Revenue Service today warned taxpayers to be wary of criminals soliciting donations and falsely posing as legitimate charities. When fake charities scam unsuspecting donors, the proceeds don’t go to those who need the help and those contributing to these fake charities can’t deduct their donations on their tax return.

08/14/2023

I want to wish my wife a very happy birthday. Thank you Lord for sending her to me.

06/11/2023

How do I apply for a replacement Social Security number card online?
(En español)

Views: 336888
If you lost your card, you may not need a replacement. In most cases, simply knowing your Social Security number (SSN) is enough. But, if you do need a replacement, you can complete your application online or in-person.

The easiest way to request a replacement SSN card is online with a personal my Social Security account. You can go to www.ssa.gov/ssnumber and answer a few questions to find out the best way to apply. If you aren’t able to use a personal my Social Security account to request a replacement card, you can still begin the process online and complete it in a local Social Security office or card center, usually in less time.

If you cannot complete the application online, you will need to provide the required documents in person. We need to see different documents depending on your citizenship and the type of card you are requesting. If you do not begin the application online, you will need to complete an Application for a Social Security Card at your local Social Security office. To save time, you can print and complete the form before you arrive.

There is no charge for a Social Security card

Manage your nine-digit Social Security number, which is your first and continuous connection to us.

04/06/2022

The IRS usually issues refunds in less than 21 days with electronic filing. If your client has not received their refund it may be in the process of being manually reviewed. This may be for many different reasons but the most common are errors on the return, incomplete information, Child Tax Credit corrections, or fraud.
One of the top questions we receive as tax preparers is, "where's my refund?". It's important for preparers to know reasons why a return may be delayed to be able to provide information to clients. Taxpayers need guidance and reassurance that we, as professionals, are the bridge between them and the IRS.

10/27/2021

Scammers are sending fake IRS emails about Economic Impact Payments

Division of Consumer and Business Education, FTC
Did the IRS email about your economic impact payment? It's a scam. Report it to reportfraud.ftc.govThere’s a fake IRS email that keeps popping into people’s inboxes. It says that you can get a third Economic Impact Payment (EIP) if you click a link that lets you “access the form for your additional information” and “get help” with the application. But the link is a trick. If you click it, a scammer might steal your money and your personal information to commit identity theft. It’s yet another version of the classic government impersonator scam.

Here are ways to avoid this scam:

Know that the government will never call, text, email, or contact you on social media saying you owe money, or to offer help getting a third Economic Impact Payment (EIP). If you get a message with a link from someone claiming to be from the IRS or another government agency, don’t click on it. It’s a scam. Scammers will often send fake links to websites or use bogus email addresses and phone numbers that seem to be from the government. Your best bet is to visit the IRS’s website directly for trustworthy information on EIP payments.
Say no to anyone who contacts you, claiming to be from a government agency and asking for personal or financial information, or for payment in cash, gift cards, wire transfers, or cryptocurrency. Whether they contact you by phone, text, email, on social media, or show up in person, don’t share your Social Security, Medicare ID, driver’s license, bank account, or credit card numbers. And know that the government would never ask you to pay to get financial help.
Report government impersonators to ReportFraud.ftc.gov. Your report makes a difference. Reports like yours help us investigate, bring law enforcement cases, and alert people about what frauds to be on the lookout for so they can protect themselves, their friends, and family.
Visit ftc.gov/imposters to find out more about government impersonators. And to learn more about the signs of a scam, what to do, and how to report it, check out ftc.gov/scams.

Blog Topics: Money & Credit
Scam Tags: Scammers Impersonating the Government

Learn about recent scams and how to recognize the warning signs.

09/22/2021

Issue Number: Tax Tip 2021-140
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What employers need to know when classifying workers as employees or independent contractors
It is critical for business owners to correctly determine whether the individuals providing services are employees or independent contractors.
An employee is generally considered anyone who performs services, if the business can control what will be done and how it will be done. What matters is that the business has the right to control the details of how the worker’s services are performed. Independent contractors are normally people in an independent trade, business or profession in which they offer their services to the public. Doctors, dentists, veterinarians, lawyers, accountants, contractors, subcontractors, public stenographers or auctioneers are generally independent contractors.
Independent contractor vs. employee
Whether a worker is an independent contractor, or an employee depends on the relationship between the worker and the business. Generally, there are three categories to consider.
• Behavioral control − Does the company control or have the right to control what the worker does and how the worker does the job?
• Financial control − Does the business direct or control the financial and business aspects of the worker's job. Are the business aspects of the worker’s job controlled by the payer? Things like how the worker is paid, are expenses reimbursed, who provides tools/supplies, etc.
• Relationship of the parties − Are there written contracts or employee type benefits such as pension plan, insurance, vacation pay? Will the relationship continue and is the work performed a key aspect of the business?
Misclassified worker
Misclassifying workers as independent contractors adversely affects employees because the employer’s share of taxes is not paid, and the employee’s share is not withheld. If a business misclassified an employee without a reasonable basis, the business can be held liable for employment taxes for that worker. Generally, an employer must withhold and pay income taxes, Social Security and Medicare taxes, as well as unemployment taxes. Workers who believe they have been improperly classified as independent contractors can use Form 8919, Uncollected Social Security and Medicare Tax on Wages to figure and report their share of uncollected Social Security and Medicare taxes due on their compensation.
Voluntary Classification Settlement Program
The Voluntary Classification Settlement Program is an optional program that provides taxpayers with an opportunity to reclassify their workers as employees for future employment tax purposes. This program offers partial relief from federal employment taxes for eligible taxpayers who agree to prospectively treat their workers as employees. Taxpayers must meet certain eligibility requirements and apply by filing Form 8952, Application for Voluntary Classification Settlement Program, and enter into a closing agreement with the IRS.
Who is self-employed?
Generally, someone is self-employed if any of the following apply to them.
• They carry on a trade or business as a sole proprietor or an independent contractor.
• They are a member of a partnership that carries on a trade or business.
• They are otherwise in business for themselves, including a part-time business.
Self-employed individuals, including those who earn money from gig economy work, are generally required to file an tax return and make estimated quarterly tax payments. They also generally must pay self-employment tax which is Social Security and Medicare tax as well as income tax. These taxpayers qualify for the home office deduction if they use part of a home for business.
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Tax Tip 2021-140, September 22, 2021

08/17/2021

Issue Number: COVID Tax Tip 2021-120
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Here’s how tax pros can help clients battle unemployment related identity theft

As part of this year’s summer campaign Boost Security Immunity: Fight Against Identity Theft, the IRS and its Security Summit partners outlined ways tax pros can help clients victimized by unemployment compensation fraud schemes.

Unemployment compensation fraud was one of the more common identity theft schemes that emerged in 2020 as criminals exploited the COVID-19 pandemic and the resulting economic impact.

Unemployment compensation is taxable, although Congress waived the tax for 2020 for many people. States report compensation to the individual and to the IRS by using the Form 1099-G. Because of fraud and identity theft, many taxpayers received Forms 1099-G for compensation they were not paid. Some taxpayers received forms from multiple states.
This scam could affect 2020 or 2021 tax returns. Here are some steps tax pros should take to help victims of the unemployment compensation fraud scheme:
• File Form 14039, Identity Theft Affidavit. This should be done only if an e-filed tax return rejects because the client's Social Security number has already been used. Do not file the IRS Form 14039 to report unemployment compensation fraud to the IRS.
• Report fraud to state workforce agencies, and request a corrected Form 1099-G. Each state has its own process for reporting unemployment compensation fraud. The U.S. Department of Labor has created an information page with all state contacts and other information.
• File a tax return reporting only the actual income received. State workforce agencies may not be able to issue a corrected Form 1099-G in a timely manner. Even if the client has not received a corrected Form 1099-G, report only wages and income received and exclude any fraudulent claims.
• Consider an IRS Identity Protection PIN. Clients receiving Forms 1099-G are identity theft victims whose personal information could be used for additional criminal activities, such as filing fraudulent tax returns. All taxpayers who can verify their identities can now get an Identity Protection PIN to protect their SSN.
• Follow Federal Trade Commission recommendations for identity theft victims. Taxpayers should consider steps to protect their credit and other actions outlined by the FTC. The Department of Labor website explains how individuals should report unemployment identity theft
• Reply to notices in a timely manner. Tax pros' business clients can also assist in fighting unemployment compensation fraud by responding quickly to state notices about employees filing jobless claims, especially when it has no record of those employees.
The American Rescue Plan Act allows an exclusion of unemployment compensation of up to $10,200 for individuals for tax year 2020. In the case of married individuals filing jointly this exclusion is up to $10,200 per spouse. To qualify for this exclusion, the taxpayer’s adjusted gross income must be less than $150,000. This threshold applies to all filing statuses. The exclusion may ease the burden on many fraud victims. However, victims who received Forms 1099-G from multiple states may have fraud claims that exceed the exclusion amount.
More information:
Publication 4557, Safeguarding Taxpayer Data
Publication 5293, Data Security Resource Guide for Tax Professionals
Small Business Information Security: The Fundamentals
Identity Theft Central
Share this tip on social media -- : Here’s how tax pros can help clients battle unemployment related identity theft. https://go.usa.gov/xFVSS
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Thank you for subscribing to IRS Tax Tips, an IRS e-mail service. For more information on federal taxes please visit IRS.gov.
This message was distributed automatically from the IRS Tax Tips mailing list. Please Do Not Reply To This Message.

COVID Tax Tip 2021-120, August 17, 2021

06/09/2021

Scammers call, email, or text you for money or information. But the government won’t. Anyone who calls, emails, or texts, asking for money or personal information and claims to be from the government is a scammer. Hang up and don’t respond to messages.
Scammers tell you how to pay — usually by wiring money, cryptocurrency, or gift card. Nobody legit will ever tell you to pay in any of those ways. If they call, hang up the phone. If they email, text, or message you, don’t click on any links. It’s a scam.
Even if your caller ID says it’s from the government, it could be a scam. Caller ID can be faked. Even if it shows the government agency’s real phone number, or even if it says something like “Social Security Administration,” it could be anyone calling from anywhere in the world. Don’t trust it.