76°F
weather icon Clear

Avoid improper claims for business credits

The Internal Revenue Service recently warned taxpayers to avoid improperly claiming various business tax credits, a common scam used by unscrupulous tax preparers.

Two credits often targeted for abuse by shady tax return preparers are the Research Credit and the Fuel Tax Credit. Each of these credits has specific eligibility criteria.

Each year, the IRS publishes its “Dirty Dozen” list of common scams that taxpayers may encounter any time.

These can peak during the tax filing season as people prepare their tax returns or hire others to help with their taxes.

To combat these scams, the IRS warns people to watch out for suggestions to make improper claims on their tax return.

Selecting a reputable tax professional can also help. The IRS reminds taxpayers that they are responsible for the information on their tax return no matter who prepares it.

Section 41 of the Internal Revenue Code provides a credit for increasing research activities, commonly known as the Research Credit. For more go to irs.gov

THE LATEST
Plan for medical waste treatment plant draws public outcry

A proposal by MediWaste Disposal LLC to bring a medical waste treatment facility to the valley has touched off a wave of public unrest, with a crowd of Pahrump residents flocking to the latest Nye County Commission meeting to express their displeasure.

3 motorcyclists killed in US 95 crash near Goldfield

Three motorcyclists who died in a crash along US 95 about 2 miles south of Goldfield last week have been identified as Benny Hall, 52, of Tonopah; Jeffery Hicks, 72, of Goldfield; and Frank Winkler, 54, of Linton, Ind.

How Pahrump is remembering its heroes this Memorial Day weekend

Though it has become widely known as the unofficial kickoff of summer, two local veterans’ organizations are helping ensure the real meaning of Memorial Day is not lost among the fun of pool parties and cookouts.

Groundbreaking set for new Tonopah elementary school

A ground-breaking ceremony is set for the construction of the new $25 million Tonopah Elementary School beginning at 10 a.m. on Wednesday, May 29

Nye schools seek retirees to fill some critical vacancies

Even as school officials announced the retirement of more than a dozen teachers and other personnel on Monday night, they hope some veteran workers and retirees will consider returning to fill essential roles in the district.

GALLERY: Pinkbox Pahrump grand opening

When asked why Pahrump, owner of Pinkbox Stephen Siegel responds with, “why not?”

Fire destroys property, vehicles on Our Road

No injuries were reported after fire consumed two structures and vehicles on Sunday, May 19, just after 12:30 p.m.

RENDERING: Rhyolite Ridge gains formal county support

The Bureau of Land Management published its draft Environmental Impact Statement (EIS) for the Rhyolite Ridge Lithium-Boron project in April, triggering another crucial step forward for the planned mining operation – the public comment period. The deadline to submit is June 3.