Deb Gordon’s guest was IRS Spokesperson, Peggy Riley who informed New Yorkers about ways to maximize their tax returns by providing details about some of the credits that are available, such as the Earned Income Tax Credit (EITC), how to claim them, and the mistakes to avoid. Ms. Riley also talked about some of the latest e-filing methods such as the free file fillable form and the advantages and disadvantages of using them.
Ms. Riley discussed tax scams and provided tips on how the community can avoid becoming a victim. “The IRS will never call you and ask for your personal bank account information or threaten you with arrest or deportation, etc.” She also encouraged listeners not to click on any links sent via email from scammers stating that you have an increase in your refund, which can lead to identity/ bank card theft. “If it looks too good to be true, it probably is”.
Ms. Riley offered information about the importance of keeping good tax records, and the need for taxpayers to educate themselves about taxes, conduct their own research, seek out a qualified tax professional, and file their taxes on time, to avoid penalties and fees.