Availability of the IRS Get Transcript Online Tool

Now that the IRS has re-launched its “Get Transcript Online” tool using a new multi-factor authentication process, users of the system (including students and families mired in verification hell) will need to register prior to submitting a transcript request. A tax filer who is not able to register will have to request a tax transcript by mail, paper or phone – which let’s face it just takes forever. Keep in mind, the IRS does not accept requests for transcripts in person at it’s taxpayer assistance centers now either. So here’s what you need to know to help keep your students from going crazy. Continue reading Availability of the IRS Get Transcript Online Tool

What you should know about the IRS and Tax Scams

There are three (unavoidable) truths in the world. Everyone knows the first two; death and taxes, but the third shouldn’t really be a surprise. When dealing with the IRS, they ALWAYS initiate contact with taxpayers by mail. 

There are a many, completely routine reasons why they might do so. For example, they may send a letter or notice to request payment, notify you of account changes, or request additional information. Continue reading What you should know about the IRS and Tax Scams

IRS Warns of Latest Scam

The IRS issued a warning to taxpayers about bogus phone calls from IRS impersonators demanding payment for a non-existent tax, the “Federal Student Tax.”

Even though the tax deadline has come and gone, scammers continue to use varied strategies to trick people, in this case students. In this newest twist, they try to convince people to wire money immediately to the scammer. If the victim does not fall quickly enough for this fake “federal student tax”, the scammer threatens to report the student to the police.

“These scams and schemes continue to evolve nationwide, and now they’re trying to trick students,” said IRS Commissioner John Koskinen. “Taxpayers should remain vigilant and not fall prey to these aggressive calls demanding immediate payment of a tax supposedly owed.”

Scam artists frequently masquerade as being from the IRS, a tax company and sometimes even a state revenue department. Many scammers use threats to intimidate and bully people into paying a tax bill. They may even threaten to arrest, deport or revoke the driver’s license of their victim if they don’t get the money. http://1.usa.gov/1WquZ7y