Happy Tax Day!

To all clients, Happy Tax Day!  On behalf of the team at Rackers & Fernandez, we would like to extend our gratitude for another successful tax season.  We really appreciate having you as a client and being part of your team. As a friendly reminder, we will be closing at noon on April 18th and all day April 21st.

Avoid IRS Impersonators

With the 2017 tax season underway, the IRS reminds people to remain alert to aggressive and threatening phone calls by criminals impersonating IRS agents. The callers can sound convincing, using fake names and bogus IRS identification badge numbers. They often alter their caller ID to make it look like the IRS is calling. Victims are told they owe money to…

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The Most Commonly Used IRS Scams for 2017

Each year, the Internal Revenue Service (IRS) issues a list of common tax schemes and scams they call the “Dirty Dozen.” Taxpayers can fall victim to these scams at any time, but they tend to peak during tax filing season. The keys to avoiding becoming a victim? Educate yourself about what’s out there and take steps to protect yourself and…

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IRS Warns of Form W-2 Scam

For the second year in a row, IRS has issued a warning about an e-mail scam that uses a corporate officer’s name to request W-2 forms from company payroll or human resources departments. IRS has received new notifications that this e-mail scam is making its way across the nation for a second time. IRS urges company payroll officials to double…

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2016 Engagement Letters and Organizer for Existing Clients

Your 2016 Tax Organizer has been uploaded! Your Client Organizer is the important first step in analyzing your tax position for the year. It is designed to help you quickly and conveniently provide us with critical information in order to maximize your deductions and minimize the hassles. How to Access your Client Organizer Follow the steps below to access and…

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Court Temporarily Blocks Overtime Rule

On Tuesday, November 22, 2016, a federal court issued a preliminary injunction to temporarily block the U.S. Department of Labor (DOL) from implementing and enforcing its Final Overtime Rule nationally, pending further order by the court. What does this mean to your clients? As a result of the ruling, employers currently DO NOT need to comply by the original December…

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Beware of Phone Scams

In an Information Release, IRS has warned taxpayers of an increase in IRS impersonation scams that employ automated phone calls demanding tax payments on iTunes and other gift cards.   IRS has seen an increase in phone “robo-calls” where scammers leave urgent callback requests telling taxpayers to call back to settle their “tax bill”. These fake calls generally claim to…

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