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News

Monday February 19, 2018

Exciting events are happening at Co:Mission Foundation
Our News
Thank you for your interest in Co:Mission Foundation. Our hope is to serve you and your family with helpful information.
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Income Tax Filing Requirements for Retirees
Savvy Living
What are the IRS income tax filing requirements for seniors this year? I didn't file a tax return the past two years...
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Tax Filing Season Opens Door to New Scam
Washington News
As the tax filing season moves into high gear, tax scammers continue to develop new strategies. In IR-2018-27, the Service explained the latest tax scam. Because it is difficult for IRS software to discover scams using actual taxpayer data, the tax scammers have developed a new concept. The tax scammer starts by acquiring your normal tax return information — your name, Social Security Number, typical deductions, filing status and bank account numbers. In some cases, the tax scammer steals this information by hacking into your tax preparer's computer network. After stealing your information, the scammer files the return and claims a large refund. That refund is sent directly to your bank account. To have a successful scam, the thief must then implement a creative plan to persuade you to send the refund to him or her. There are two basic ways the scammer will try to convince you...
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Gifts of Cash
Personal Planner
Many people use their annual gift exclusion as part of an overall estate planning strategy. Sara: "We had a pretty good...
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