Tax Scams
Example of tax frauds.
Hiding assets.
Tips for avoiding tax scams.
Don't wait!
What is the definition of income?
Money received, especially on a regular basis, for work or through investments.
What are 3 benefits of paying taxes?
Providing sustainable finance and funding for governance, public and social services and economic development.
What is tax tribute?
An excessive tax, rental, or tariff imposed by a government, sovereign, lord, or landlord.
Example of tax frauds.
Using a false SSN.
Tips for avoiding tax scams.
Don't pay fake taxes.
What are the 3 types of income?
Earned, passive, and portfolio.
What happens if you don't pay taxs?
The IRS obtains a legal claim to your property and assets ("lien") and, after that, can even seize your property or garnish your wages.
What is tribute important?
A tribute is a sign of respect or admiration, an award to honor a person's accomplishments.
What are of the the most common tax scams?
The gift card scam.
Tip for avoiding tax scams.
Shun phishing emails.
What are the 4 sources of income?
Earned income, business income, interest income, and dividend income.
What are taxes?
A mandatory fee or financial charge levied by any government or individual or an organization to collect revenue for public works providing the best facilities and infrastructure.
Why do people pay tax tribute.
This is an act, statement, or gift that is intended to show gratitude, respect, or admiration.