Tax Tips for Individual Taxpayers
Our Huguenot Road Tax Office is Moving!
Our Huguenot Road tax office is moving to our Commonwealth Centre tax office across from Brandermill on Hull St. Rd. If you are a current Peoples Tax client at this office, your files will be moved to our Commonwealth Centre tax office.
Our Commonwealth Centre and Glen Allen tax office locations remain open, serving clients through our Drop-off Tax Service and Virtual Tax Pro Service. Our Huguenot Road tax employees will still be available to serve you at the Commonwealth Centre location. We look forward to serving you again in the near future.
Economic Stimulus Payment FAQs
Due to the COVID-19 pandemic, many Americans are facing economic hardships right now. Here are some FAQs that can help you figure out receiving your payment. Learn More.
Tools to Track Your Coronavirus Stimulus Payment
Congress has passed a stimulus bill that is going to pay nearly all Americans a one-time payment of up to $1,200. Here are some tools to help you figure out when you can expect that payment. Learn More.
Tax Tips for Small Business Owners
IRS Warns Professionals on Coronavirus Scams
The IRS and its Security Summit partners are urging tax professionals and all business owners to take additional security steps immediately to protect taxpayer data as more people and businesses telework.
The IRS and state tax agencies are seeing an upswing in data thefts from tax professionals as cybercriminals try to take advantage of COVID-19 and the stimulus payments to create new scams.
“Identity thieves view the pandemic as a chance to exploit tax professionals as well as taxpayers,” said IRS Commissioner Chuck Rettig. “They are using every trick of their criminal trade to con people as well as steal valuable personal and financial information to help enable tax-related identity theft. In many ways, tax pros are one of the first lines of defense. We urge the entire tax community to take additional steps and protect their sensitive data.”
One of the biggest ways the IRS Criminal Investigation department has seen scammers try to get sensitive information is by pretending to help taxpayers and business owners find or retrieve their stimulus payments that Congress passed in the CARES Act. Scammers are spreading disinformation about how people will be receiving this money in order to try to gain sensitive financial information and take the payments for themselves.
Here are some things you can do to avoid scammers this tax season:
Watch Out for IRS Impersonators
The IRS will not call, email, or text anyone about the stimulus payments. These are impersonation scams by thieves seeking to steal bank account or other sensitive data. Do not click any email links from anyone claiming to be from the IRS, and hang up the phone and call the IRS yourself if you are ever contacted by phone. If by chance the call was legitimate, you will be redirected to the right person anyway.
Avoid Phishing Scams
Identity thieves have stepped up phishing scam efforts to capitalize on COVID-19 and the stimulus payments. Crooks are targeting tax professionals as well as taxpayers.
Tax professionals should look out for emails from criminals posing as potential clients. For example, crooks may pretend to be a new client and ask the practitioner to view the wage and income information they have in an attachment, but clicking and opening these files could leave you vulnerable to cyberattack.
Take simple steps to protect yourself. Know your customers, use the phone to confirm identities, and don’t take the bait. You can report suspicious emails posing as the IRS to the IRS phishing mailbox at email@example.com
Use Security Software and Multi-Factor Authentication
Everyone, especially tax professionals and business owners, should be using broad-based security software that protects not just their computers but mobile phones as well. Multi-factor authentication can also protect your software accounts from being breached and client data being stolen. These security features will help identify and stop potentially dangerous malware that infect digital networks as well as thieves who have potentially stolen your login credentials but do not have access to your phone or email.
Use a Virtual Private Network for Extra Security
Business owners and their employees who are teleworking should be using an encrypted Virtual Private Network or VPN. A VPN provides a secure, encrypted tunnel to transmit data between a remote user via the internet and the company network.