Inflated Refund Claims Again Made the IRS “Dirty Dozen” List of Tax Scams for the 2016 Filing Season

The Internal Revenue Service today warned taxpayers to be on the lookout for unscrupulous tax return preparers pushing inflated tax refund claims. This scam remains on the annual list of tax scams known as the “Dirty Dozen” for the 2016 filing season. “Be wary of tax preparers that tout outlandish refunds based on federal benefits or tax credits you’ve never heard of or weren’t eligible to claim in the past,” said IRS Commissioner John Koskinen. “Taxpayers should choose preparers who … Continued

Physicians Less Likely to Die in Hospital Than Other Patients

Something to take into account when preparing health care documents Disparities in end-of-life care between physicians and the general patient population suggest a gap between what physicians choose for themselves and the care provided to most patients. New research examining the intensity of end-of-life care and the locations of death for physicians and nonphysicians indicate that physicians receive less aggressive care before death. They are also less likely to die in the hospital and are more likely to receive hospice … Continued

6 tax deductible tips that’ll save you money on your next home purchase

  Current and prospective homeowners can make big savings via real estate tax deductions if they handle it right upon closing the deal. Real estate consultant Marian Schaffer, principal and founder of Southeast Discovery, which specializes in helping Baby Boomers with their real estate needs, recently shared some tips on how homeowners can negotiate their real estate tax deductions 6 tax deductible tips that’ll save you money on your next home purchase

Her dying husband left her the house and the car, but he forgot the Apple password – The Washington Post

  After Peggy Bush’s husband, David, succumbed to lung cancer in August, she liked to play card games on their iPad to pass the time. The 72-year-old resident of Victoria, B.C., was on an app one day when it suddenly stopped working and she was unable to reload the device without providing a password for their Apple ID account. Her dying husband left her the house and the car, but he forgot the Apple password – The Washington Post

MAKING CENTS: Gifts – beware unintended consequences – News – Dover Post – Dover, DE

  Many taxpayers want to make gifts of assets to their children or grandchildren while they are alive. Seeing their hard work benefit someone they love is extremely gratifying for many. Unfortunately, most taxpayers are relatively unsophisticated in both income and estate tax laws, and the unintended consequences of gifts done improperly could cost your beneficiaries dearly. To make matters worse, do not assume your attorney is aware of these laws either. We have witnessed many gifts promulgated by a … Continued