Tax season is here!
But first, we recently accomplished an exciting and early goal for the firm, getting approved to be a Continuing Education provider for the Speech-Language Pathology and Audiology community. Our CE content will focus on very unique financial aspects of the profession. We are very excited to launch our first course on common retirement savings plans in March 2025. The first course will focus on the wide array Retirement Plans and Investments that the profession encounters in their various and unique job settings and how they factor into their compensation. This is the first of many courses and we are excited to see what sort of valuable course content we can develop for the community and the financial aspects of their profession.
Now, back to tax season.
Every year the IRS compiles a list of the “Dirty Dozen,” which is a laundry list of scams, questionable deductions, and schemes taxpayers are likely to encounter. These schemes peak during tax time.
Check them out below:
Bogus tax avoidance strategies, schemes with an international element
Improper art donation deductions, charitable remainder annuity trusts, monetized installment sales
Be cautious of ongoing spearphishing attacks to gain sensitive information
Taking tax advice on social media can be bad news for taxpayers
IRS warns about fake charities exploiting taxpayer generosity
IRS warns about false Fuel Tax Credit claims
IRS warns taxpayers to stay away from “helpful” scammers offering to set up an Online Account
IRS kicks off annual Dirty Dozen with warning about phishing and smishing scams
Disclaimer:
The information contained in this newsletter is for educational and informational purposes only and does not constitute financial, legal, or tax advice. You should consult with a qualified professional before making any financial decisions. The strategies and opinions presented may not be suitable for everyone and are subject to change based on individual circumstances. All information provided is used at your own risk, and Providers Wealth, LLC makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained herein. Providers Wealth, LLC expressly disclaims any and all liability for actions taken or not taken based on the contents of this newsletter. Past performance is not indicative of future results. Investments involve risk, and there is no guarantee that any investment strategy will be successful. Registered Investment Advisor (RIA) services are provided by Providers Wealth, LLC, a registered investment adviser based in Phoenix, AZ.