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Archive for Tyler Hamelwright

Millennials Are More Likely To Fall For An IRS Scam

(Bloomberg) “You must pay your taxes immediately, or else,” an ominous voice on the other line says before demanding a credit-card number. Most Americans roll their eyes and hang up on these scam calls, but thousands have fallen victim, and millennials are more susceptible than older generations, a new study finds.

Millennials are less likely than Gen Xers or Baby Boomers to receive tax scam phone calls, according to a recent survey, but they were six times more likely than older generations to give the scammer their credit-card numbers, and twice as likely to give their Social Security numbers. Read more

Be Prepared: Filing Season Begins Jan. 29

Filing season will begin on Monday, Jan. 29, the Internal Revenue Service announced.

The final tax deadline will be Tuesday, April 17. (April 16 is Emancipation Day, a legal holiday in Washington, D.C.). The IRS expects nearly 155 million individual returns to be filed in 2018.

In 2017, the IRS began accepting returns on January 23; it set the date at January 29 this year to make sure that its key processing systems are ready, and to give it time to determine how late December’s Tax Cuts and Jobs Act will impact tax returns. Read more