Bartkowiak Accounting and Tax Service, P.C.
Celebrating our 45th year in Business
Beware of IRS Phone Scams
The IRS is warning of several aggressive phone scams taking place nationwide. The scams often threaten deportation, wage garnishments, arrest, driver’s licenses revocation, and IRS Agent visits, among other threats. These scams increase in frequency during the winter filing season.
Some characteristics of the scams include:
Scammers’ use of fake names and IRS bade numbers
Scammers may have the ability to recite the last four digits of a victim’s social security number or know other facts such as an address
Scammers have the ability to generate the IRS toll-free number on your caller ID display, making it appear the IRS is calling
Scammers sometimes will follow-up with an email claiming to the be IRS
If the IRS does need to contact you regarding your account, they always send written notification via U.S. mail first. The IRS also does not ask for credit card, debit card, or prepaid card information over the phone. If you receive a call you think might be a scam, never give out personal information. Contact our office if you do receive an IRS letter. The local IRS office in Marquette can help with account inquiries.
IRS Identity Verification Letter
To combat the recent increase in identity theft, the IRS is sending correspondence to taxpayers when the IRS suspects a return might be fraudulent. The IRS will send out Letter 5071C to request identity verification before they will process the tax return. Letter 5071C will be sent through the U.S. Postal Service to the address on the return. The IRS will not request such information view email, nor will they call you without first sending out Letter 5071C. The letter instructs taxpayers to either visit a secure IRS website, www.idverify.irs.gov, or call a toll-free number which would be provided on the letter. Before using the website or calling the IRS, be sure to have your current year and prior year tax return in front of you. The IRS will ask a series of questions to confirm your identity. If you receive this letter and have any questions, feel free to contact our office.
The following link provides more information on Letter 5071C directly from the IRS.
ACA – 2016
We’d like to remind clients to plan conservatively when deciding on how much of their estimated premium tax credit they want applied to their monthly health insurance premiums when signing up for coverage. The formula used to estimate the credit is very sensitive to income and family size changes. Estimating your premium tax credit wrong could result in a big tax bill when you file your return. Taking a portion of your estimated credit is a good strategy to help avoid owing when you file your tax return. The credit is reconciled when your return is filed so you don’t lose out on the credit by not applying it to your health insurance premiums monthly. Feel free to contact our office with any questions.
Michigan’s Minimum Wage Increasing
Public Act 337 of 2018, the Workforce Opportunity Wage Act, replaced our previous minimum wage act and enacted the rates below.
A training wage of $4.25 per hour may be paid to employees 16-19 years of age for the first 90 days of their employment.
Minors 16-17 years of age may be paid 85% of the minimum hourly wage rate.