Tag: taxes

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Business

IRS warns of new phone scam

by Blake EllisFor New Pittsburgh CourierCNNMoney.com—Taxpayers, beware: Fraudsters impersonating IRS agents are calling people across the country demanding they pay taxes that they don’t even owe. The IRS warned of this “pervasive” scam on Thursday, saying it has been identified in nearly every state. Innocent taxpayers—often immigrants—are answering their phones only to be informed they owe money to the IRS and need to pay it immediately by either loading money on a prepaid card or sending it via a wire transfer. If they argue or refuse to pay, scammers will threaten to arrest or deport them, or suspend their business or driver’s license.

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Business

Tax Tips for small businesses

There are 23 million small businesses in America, according to the U.S. Small Business Administration. Although each is unique, you can be sure that they have a common desire to minimize their taxes and make the most of the deductions for which they qualify. The Pennsylvania Institute of Certified Public Accountants (PICPA) offers these tips on how to achieve those goals.