Avoid Tax News Today : Breaking News, Live Updates & Top Stories | Vimarsana

With tax season upon us, Florida’s Chief Financial Officer (CFO) Jimmy Patronis is reminding Floridians to beware of tax-related fraud and scams.

The week of Jan. 29 through Feb. 2 has been designated as National ID Theft Awareness Week, and with the Internal Revenue Service (IRS) also officially opening up tax season

You can use your income to buy an asset for your spouse. But any income from that asset will be clubbed with your income and taxed accordingly. This can’t be taxed as part of your spouse’s income. Doing so can get you an income tax notice.

With the 2022 tax filing season officially open as of Jan. 23, it's an opportune time to take some basic security measures to avoid becoming a victim of tax identity fraud. Tax ID fraud is one of many types of general tax scams, which keeps government enforcement agencies very busy. Late-last year, the IRS's Criminal Investigation division announced it identified $5.7 billion in tax fraud for fiscal year 2022, versus $2.3 billion from two years earlier. Tax ID fraud occurs when a perpetrator uses the Social Security number (SSN) and other personally identifiable information (PII) o...

Tax scams are among the most stubborn cons out there. Scammers pose as the IRS trying to trick people into paying up or sharing personal information.