Tax Scams / IRS Consumer Alerts

Thousands of people have lost millions of dollars and their personal information to tax scams. Scammers use the regular mail, telephone, or email to set up individuals, businesses, payroll and tax professionals.

The IRS doesn’t initiate contact with taxpayers by email, text messages or social media channels to request personal or financial information. Recognize the telltale signs of a scam.

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Summary of Tax Provisions in Bipartisan Budget Act of 2018

DIVISION B – DISASTER RELIEF
SUBDIVISION 2 – TAX RELIEF AND MEDICAID CHANGES RELATING TO
CERTAIN DISASTERS

TITLE I – CALIFORNIA FIRES

  • Sec. 101 – Sec. 104. California Fire Provisions. Provides disaster tax relief benefits with respect to individuals and businesses affected by California wildfires. These benefits are special rules allowing access to retirement funds, temporary suspension of limits on deductions for charitable contributions, allowance of deductions for personal casualty disaster losses, special rules for measurement of earned income for purposes of qualification for tax credits, and a special credit for employee retention.

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TAX CUTS & JOBS ACT

TAX REFORM POLICY HIGHLIGHTS

The Tax Cuts and Jobs Act (H.R. 1) overhauls America’s tax code to deliver historic tax relief for workers, families and job creators, and revitalize our nation’s economy. By lowering taxes across the board, eliminating costly special-interest tax breaks, and modernizing our international tax system, the Tax Cuts and Jobs Act will help create more jobs, increase paychecks, and make the tax code simpler and fairer for Americans of all walks of life.

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