Many people in our local area our receiving phone calls claiming they are from the IRS. Stating they owe money and are being sued by the IRS. It's important to remember unless you have been dealing with a specific agent, the IRS will NEVER call you. The IRS does not e-mail either. The IRS WILL mail you documents, or show up on your door step. The IRS does NOT have the capability of taking payment over the phone. These are scams created to intimidate you into giving money over the phone. These phone calls come from local and long distant area codes. If you receive a phone call that states you are being sued, please pay a set amount of money please hang up immediately. You can report these incidents at email@example.com. Please provide as much detail information as possible so they IRS can follow up as diligently as they can. If you have experienced monetary losses due to these scams please report this to the Inspector General for Tax Administration at :
Many clients have reported that after engaging with these scam artists that they have become very rude, used profanity, and became very belligerent. It's important to record the information they offer directly and hang up. Do NOT give ANY information such as bank account info or social security number over the phone!
Alternative Minimum Tax
The alternative minimum tax, also known as the AMT tax, is an extra tax some people have to pay in addition to the regular income tax. The AMT now applies to some people who don't have very high income or who don't claim lots of special tax benefits. This tax provides alternative sets of rules for calculating your income tax. These rules help to determine the minimum amount of tax that you will be required to pay. If your regular tax falls below this minimum rate, you will have to make up the difference by paying alternative minimum tax.
Premier Accounting wants to make sure you are up-to-date on the every changing effects of IRS policies.