Planned Giving

Your act of generosity, our longevity

With planned giving, you can provide long-lasting support for Boys & Girls Clubs of South Puget Sound while enjoying financial benefits for yourself.

Text Resize
Print
Email
Subsribe to RSS Feed

Monday November 19, 2018

Washington News

Washington Hotline

Avoiding Tax Scams Before October 15

In IR-2018-193, the IRS warned taxpayers who had extended their tax return date to October 15 to be cautious about scammers. There is frequently an increase in the number of attempts by scammers to find taxpayer victims just before filing deadlines.

If you have extended your filing date from April 15 to October 15 this year, you should be aware of the three main methods used by tax scammers: telephone calls, email phishing and pretending to be a fake charity.

  1. Telephone Scams - Scammers often claim to represent the IRS. They will call and demand an immediate payment for tax debt through a debit card or a money wire. Many scammers ask that you stay on the phone until you have completed the transaction.

    The scammer may threaten to call the police or other law enforcement agencies and have you arrested if you do not comply. Scammers often "spoof" their call and attempt to appear to come from a law enforcement agency.

    If you suspect a scammer, the first thing to do is to hang up the phone. The IRS does not call to demand immediate tax payments. You always have an opportunity to appeal any tax amount due. There are several administrative ways the IRS can resolve a tax liability question with you.

    You can also go to www.IRS.gov and select "View Your Account." You will see the next webpage and can click the "Create or View Your Account" button. If you create an online account, you can review 24 months of your payment history and balance due. You can also report a phone scam on www.tigta.gov.

  2. Phishing Emails - Scammers may try to trick you by sending an email that claims to be from the IRS. The email may include the IRS logo and usually has an embedded link. The email may direct you to click on the link to find out why the IRS is contacting you. The email may also come from a person who identifies as a financial or tax advisor. If you click on the link, the scammer may install "malware" on your computer and use it to capture your passwords and access your personal financial information.

    If you see a suspicious email, do not click on links or open any attachments. The IRS does not initiate contact by email, but rather by paper letters through the U.S. Postal Service. The letters or notices will be mailed to your most recent address. If you receive a suspicious email, forward it with all of the headers to phishing@IRS.gov. Then delete the suspicious email.

  3. Fake Charities - Following a natural disaster, such as Hurricane Florence, scammers will often request donations to fake charities. They may make this request by phone or email. Some scammers with particularly bad reputations ask for a gift from disaster victims. In these situations, the scammer may attempt to obtain the victim's financial information. They then use that financial information to steal funds from those who are already devastated.

    If you are contacted and do not recognize the charity or the person, do not give out personal information or your Social Security Number. Watch out for charities with names similar to well-known organizations. The IRS website has a Tax Exempt Organization Search (TEOS) tool. This enables you to be sure that you are sending your relief gifts to a qualified and legitimate charity.



Published September 28, 2018
Print
Email
Subsribe to RSS Feed

Previous Articles

IRS Relief for Hurricane Florence Victims

Protect Yourself from Hurricanes, Floods and Tornadoes

Warning Signs of Data Theft

IRS Urges Strong Passwords

IRS Provides Natural Disaster Preparation Tips for Taxpayers

scriptsknown

Gift Options

Donor Stories

Learn how others have made an impact through their acts of giving to our organization and others. Explore the many benefits of charitable gift planning.

more

How to Give

Learn how to make a gift that provides tax benefits and even life income.

more

What to Give

Find out what type of assets make the best planned gifts. Learn about gifts of cash, securities and property.

more

Planned Gifts Calculator

View a presentation that shows the benefits of a planned gift based on your property and goals.

more

News

Personal Planner

Bequests to Your Favorite Charity Bequests to charity are the most popular type of planned gift. A donor may retain assets during life and then leave a...

more

Finance News

Hewlett-Packard Continues Resurgence Treasuries Rise on Mixed Economic Data Interest Rates Stay Low

Savvy Living

Personal Tech Products Designed Specifically for Seniors. Can you recommend any tablets, smartphones or computers that are specifically designed for seniors? I would like to buy...

more

Washington News

IRS End-of-Year Tax Tips

In IR-2014-110, the IRS offered tax tips for end-of-year charitable giving. 1. Household or Clothing Gifts ? These items must be in good used condition or better..

more

For Advisor

Advisor Resources

We have a complete tax update service for CPAs, attorneys, CLUs, CFPs, ChFCs, trust officers and other professional friends.

more

Deduction Calculator

The GiftLaw Calculator is a planned gifts calculator for professionals that follows the IRS format

more

Private Letter Ruling

Estate Distributes to Foundation without Self-Dealing

Decedent formed Company and subsequently formed Irrevocable Trust...

more

Washington News

IRS End-of-Year Tax Tips

In IR-2014-110, the IRS offered tax tips for end-of-year charitable giving. 1. Household or Clothing Gifts ? These items must be in good used condition or better.

more

GiftLaw Pro

Charitable Tax Reference

GiftLaw Pro is a complete charitable giving and tax information service inside the GiftLaw website...

more

Case of the Week

Living on the Edge, Part 4

Rhea Jones, 75, lives in a beautiful coastal town in northern California. Rhea?s home occupies three...

more

Article of the Month

Gifts of Pass-Through Business Interests

A charitable gift of a business interest can make a wonderful gift to charity. At the same time,...

more