Aguilera & Associates Bookkeeping & Tax Services

IRS warns of Tax Transcript email scam; dangers to business networks IR-2018-226 WASHINGTON The Internal Revenue Service and Security Summit partners today warned the public of a surge of fraudulent emails impersonating the IRS and using tax transcripts as bait to entice users to open documents containing malware.... The scam is especially problematic for businesses whose employees might open the malware because this malware can spread throughout the network and potentially take months to successfully remove. This well-known malware, known as Emotet, generally poses as specific banks and financial institutions in its effort to trick people into opening infected documents. The Summit partnership of the IRS, state tax agencies and the nation’s tax industry remind taxpayers to watch out for this scam. However, in the past few weeks, the scam masqueraded as the IRS, pretending to be from IRS Online. The scam email carries an attachment labeled Tax Account Transcript or something similar, and the subject line uses some variation of the phrase tax transcript. These clues can change with each version of the malware. Scores of these malicious Emotet emails were forwarded to [email protected] recently. The IRS reminds taxpayers it does not send unsolicited emails to the public, nor would it email a sensitive document such as a tax transcript, which is a summary of a tax return. The IRS urges taxpayers not to open the email or the attachment. If using a personal computer, delete or forward the scam email to [email protected]. If you see these using an employer’s computer, notify the company’s technology professionals. The United States Computer Emergency Readiness Team (US-CERT) issued a warning in July about earlier versions of the Emotet in Alert (TA18-201A) Emotet Malware. US-CERT has labeled the Emotet Malware among the most costly and destructive malware affecting state, local, tribal, and territorial (SLTT) governments, and the private and public sectors.

Cómo hacer un presupuesto personal en 6 pasos. 1. Reúna todos la información financiera que pueda. Esto incluye estados de cuenta bancarios, cuentas de inversión, facturas de servicios públicos recientes y cualquier información relacionada con una fuente de ingresos o gastos. Una de las claves en el proceso de elaboración del presupuesto es crear un promedio mensual, de modo que cuanta más información pueda extraer, mejor.... 2. Registre todas sus fuentes de ingresos. 3. Crea una lista de gastos mensuales. 4. Divide los gastos en dos categorías: fijos y variables. 5. Total de sus ingresos mensuales y gastos mensuales. Si su resultado final muestra más ingresos que gastos, está teniendo un buen comienzo. Esto significa que puede priorizar este exceso a áreas de su presupuesto, como ahorros para la jubilación o pagar más en los saldos de las tarjetas de crédito para eliminar esa deuda más rápido. Si está mostrando una columna de gastos más alta que los ingresos, significa que habrá que hacer algunos cambios. 6. Hacer ajustes a los gastos. Si ha identificado con precisión y enumerado todos sus gastos, el objetivo final sería que sus columnas de ingresos y gastos sean iguales. Esto significa que todos sus ingresos se contabilizan y se presupuestan para un objetivo específico de gastos o ahorros. Si se encuentra en una situación en la que los gastos son más altos que los ingresos, debe considerar sus gastos variables para encontrar áreas para recortar. Si te gusto esta información dale un like a mi Página.

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Business owners can claim a qualified business income deduction Eligible taxpayers may now deduct up to 20 percent of certain business income from domestic businesses operated as sole proprietorships or through partnerships, S corporations, trusts, and estates. The deduction may also be claimed on certain dividends. Eligible taxpayers can claim the deduction for the first time on the 2018 federal income tax return they file in 2019. This provision is the result of tax reform legislation passed in December 2017.

Renewing Your ITIN? Some Individual Taxpayer Identification Numbers (ITIN) expire at the end of 2018 The IRS issues an ITIN to those who have a filing or reporting requirement but don’t have and are not eligible to get a Social Security number. If you need to renew your ITIN, contact us. 619-838-4808 619-691-6334

Taxpayers can follow these steps for Using the Withholding Calculator on IRS.gov The IRS encourages everyone to use the Withholding Calculator to do a Paycheck Checkup, which is even more important this year because of tax law changes. Taxpayers who haven’t yet done this can follow the steps below for using the calculator. Results from the calculator will include a recommendation of whether they should consider submitting a new Form W-4, Employee’s Withholding Allowance Certi...ficate, to their employers. Before beginning, taxpayers should have a copy of their most recent pay stub and tax return. First, taxpayers should go to the main Withholding Calculator page on IRS.gov. Carefully read all information and click the blue Withholding Calculator button. Use the buttons at the bottom of each page to navigate through the calculator. The buttons allow users to continue inputting their information, reset the information on that page, or start over from the beginning. Input general tax situation information, including: Filing status. Whether anyone can claim the users as dependents. Total number of jobs held during the year. Contributions to a tax-deferred retirement, cafeteria or other pre-tax plan. Scholarships or fellowship grants received that are included in gross income. Number of dependents. Input information about credits, including: Child and dependent care credit. Child tax credit. Earned income tax credit. Enter the total estimated taxable income expected during the year. Amounts the user will enter include wages, bonuses, military retirement, taxable pensions, and unemployment compensation. Users should enter a "0" on lines asking for amounts that don’t apply to them. Enter an estimate of adjustments to income, including deductible IRA contributions and education loan interest. Indicate standard deduction or itemized deductions. Users who plan to itemize will enter estimates of these deductions. Print out the summary of results. The calculator will provide a summary of the taxpayer's information. Taxpayers use the results to determine if they need to complete a new Form W-4, which they submit to their employer. Share this tip on social media -- #IRSTaxTip: Taxpayers can follow these steps for Using the Withholding Calculator on IRS.gov. https://go.usa.gov/xPQd8

The Internal Revenue Service today urged small businesses and other payers to check out the agency’s newly-revised backup withholding publication, now available on IRS.gov. Publication 1281, Backup Withholding for Missing and Incorrect Name/TIN(s), posted last month on IRS.gov, has been updated to reflect a key change made by the Tax Cuts and Jobs Act (TCJA). As a result of this change, effective Jan. 1, 2018, the backup withholding tax rate dropped from 28 percent to 24 percent.

IRS warns of scams related to natural disasters! WASHINGTON In the wake of Hurricane Florence, the Internal Revenue Service is reminding taxpayers that criminals and scammers try to take advantage of the generosity of taxpayers who want to help victims of major disasters. Fraudulent schemes normally start with unsolicited contact by telephone, social media, e-mail or in-person using a variety of tactics. Some impersonate charities to get money or private information from we...ll-intentioned taxpayers. Bogus websites use names similar to legitimate charities to trick people to send money or provide personal financial information. They even claim to be working for or on behalf of the IRS to help victims file casualty loss claims and get tax refunds. Others operate bogus charities and solicit money or financial information by telephone or email. See more

On October 1st 2018, city of Chula Vista will increase sales tax from 8.25% to 8.75% ! On October 1st 2018, city of Chula Vista will increase sales tax from 8.25% to 8.75% !

Oct. 15 is almost here, and it’s the last day to file for most people who requested an automatic six-month extension for their 2017 tax returns. These taxpayers should remember that they can file any time before Oct. 15 if they have all their required tax documents.