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Tax

Newly Minted Millionaire: Lynn Woman Lands 1st $1M Prize In New Lottery Game Newly Minted Millionaire: Lynn Woman Lands 1st $1M Prize In New Lottery Game
Newly Minted Millionaire: Lynn Woman Lands 1st $1M Prize In New Lottery Game A Massachusetts woman took a shot on a new scratch-off game and walked away with a $1 million prize.  Sammantha Kheav-Pech, of Lynn, picked up the first $1 million grand prize in the new “$15,000,000 Colossal Millions” game. The $30 scratch-off tickets went on sale April 15.  Kheav-Pech elected to take the lump sum payment of $650,000 (before taxes) rather than the annuity, which would pay the full amount over 20 years.  She said she plans to save the money and share some with her family.  Kheav-Pech bought the winning ticket at 7-Eleven, 50 Bass Ave. in Gloucester. Th…
New Scam Involving Fraudulent Texts Impersonates IRS New Scam Involving Fraudulent Texts Impersonates IRS
New Scam Involving Fraudulent Texts Impersonates IRS A new scam involves unsolicited text messages impersonating the Internal Revenue Service (IRS), the agency says. The fraudulent messages falsely claim recipients are eligible for a $1,400 Economic Impact Payment and instruct them to click a deceptive link to "claim" the funds. How The Scam Works Victims receive a text message that appears to be from the IRS, stating they are owed an Economic Impact Payment. The message urges them to provide personal information to process the supposed payment. Scammers promise the money will be deposited into a bank account or mailed as a check within 1-2…
Some Americans Must File Tax Returns In March: Here's Who, Why Some Americans Must File Tax Returns In March: Here's Who, Why
Some Americans Must File Tax Returns In March: Here's Who, Why The Internal Revenue Service (IRS) has alerted some American workers that they face an early tax deadline.  Those in the group who did not make estimated tax payments by Wednesday, Jan. 15, 2025, must file their 2024 federal income tax returns and pay any taxes owed by Monday, March 3, 2025.  Due to the deadline falling on a Saturday, it has been extended from the usual Saturday, March 1, to Monday, March 3. Details of the Early Deadline Farmers and fishers who qualify for this special deadline are those who derived at least two-thirds of their gross income from their respective…