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Weekly Favorites: Tax Scams of 2013, Tips for Using Form 1099-B, Bets are Taxable, 7 Things to Check When Filing Taxes

TaxACT Weekly Favorites: March 29, 2013

Weekly Favorites: March 29, 2013

Don’t Fall for These Dirty Dozen Tax Scams of 2013 via Don’t Mess With Taxes
It’s tax-filing season, so you know what that means. It’s also peak tax scam season. In addition to collecting Americans’ tax returns (and money) this time of year, the Internal Revenue Service also keeps an eye out for tax scams. Continue reading…

5 Tips When Using Form 1099-B for Stocks and Other Investments via Sally Herigstad
Have you received Form 1099-B from your brokerage regarding the sale of your stocks and other investments? The IRS matches the information on the forms they receive from the brokerage to the amounts you report on your tax return. If any information is missing, you’ll receive a letter with a correction from the IRS. Make sure your financial institutions can find you. Continue reading… 

NCAA Winning Bets are Taxable via Bankrate
Betting income, even the money from the office pool where most people drop in a few bucks more as an act of camaraderie than with an eye on the winnings, is taxable. Despite your reason for betting and even where the gambling is illegal, the IRS still wants its due of your winnings. Continue reading…

Filing Your Taxes? 7 Things to Check First via MarketWatch
If you’re not checking your tax return before it gets sent to the IRS, you could be in for some nasty surprises. Continue reading… 

Is there anything that you came across this week that caught your eye?

We’d love to hear about it. Leave it in the comments below.

Photo credit: Espen Faugstad via photopin cc

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