Philanthropy at the University

Mailing Address:
Office of Development
P.O. Box 1321
Houston, TX 77251-1321
Physical Address:
Office of Development
7000 Fannin, Suite 1200
Houston, TX 77030
Phone: 713-500-3200
Fax: 713-500-3052

Welcome to UTHealth Gift Planning

Thank you for your interest in UTHealth. Our hope is to serve you and your family with helpful information. We have an increasing number of friends who now are benefiting from life income gifts, gift annuities, and other plans. Thank you for taking the time to explore the benefits of gift planning.

Text Resize
Print
Email
Subsribe to RSS Feed

Wednesday July 18, 2018

Washington News

Washington Hotline

Tax Scams Go International

In IR-2018-119, the Service warned international taxpayers about a new tax scam. Fraudsters may send a letter requesting completion of Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting.

Many U.S. citizens are employed overseas. They may qualify for the Foreign Earned Income Exclusion (FEIE). In 2018, the FEIE is $104,100. With this exclusion and, for some taxpayers, an added housing exclusion, they may not have a U.S. tax obligation.

However, the tax fraudster will claim the taxpayer still needs to file Form W-8BEN. In addition, the fraudsters may ask for passport numbers and bank PIN codes.

The Service urges all taxpayers to be cautious if they receive a letter claiming to be from the IRS or a tax software company. Tax fraudsters will use personal information to steal funds from bank accounts or other property.

The IRS published three "will nots" that are designed to protect taxpayers.
  1. Payments — The IRS will not demand payment with a specific method such as a prepaid debit card.
  2. Immediate — The IRS will not demand immediate payment. Taxpayers have the right to administrative appeals with the IRS and even an appeal to the Tax Court.
  3. Arrest — The IRS will not threaten immediate arrest by local police, immigration officers or other law enforcement personnel.

Published May 11, 2018
Print
Email
Subsribe to RSS Feed

Previous Articles

IRS Highlights National Small Business Week

IRS Offers Post Tax-Filing Deadline Tips

April 19 is Tax Freedom Day

Ten Ways to Reduce Tax Return Errors

No-Cost Tax Help for Most Americans

scriptsknown