The Internal Revenue Service says several thousand Iowans who didn’t file tax returns in 2012 are due several million dollars, but they’ll have to file that return before next month’s deadline. I-R-S spokesman Christopher Miller says there are all sorts of reasons why people may not have filed a return that year. “In some cases, people don’t file a tax return because they didn’t make enough money that year to require them to file,” Miller says. “They may not realize, however, there was probably taxes withheld from their paychecks and they can usually get that money back in the form of a refund.”

The agency estimates there are nearly 11-thousand taxpayers in Iowa who could be leaving nearly ten-million dollars in refund money on the table. They’re due back an average of 764-dollars, but for some, it could be much more.  “We really want to encourage especially students and others who didn’t earn much money to look into this situation because they may still be entitled to a tax refund,” Miller says. “Remember, there’s no penalty for filing a late return if you are due a tax refund.”

In cases where a tax return was not filed, the law provides most taxpayers with a three-year window to claim a refund. If no return is filed to claim a refund within three years, the money becomes the property of the U-S Treasury. “Not only are many people due a refund on taxes withheld for 2012 but they may also be eligible for other tax credits, like the Earned Income Tax Credit,” Miller says. “That can mean an even-bigger refund.”

The Earned Income Tax Credit for 2012 could have been worth as much as 56-hundred dollars for a family with three or four children. The deadline to file tax returns for the latest tax year and for 2012 is April 18th. Current and prior year tax forms and instructions are available at www.IRS.gov on the Forms and Publications page or by calling 800-TAX-FORM.

(Radio Iowa)

The Better Business Bureau is warning Iowans about a very sophisticated scam that’s already cost one company in the region millions of dollars. Jim Hegarty, president of bureau’s Omaha-Council Bluffs chapter, says the ruse could also expose thousands of workers to identity theft as the hackers disguise themselves as a company’s C-E-O in an email.  “Recently, a company’s CFO received an email asking for all of the employees’ W-2 tax statements to be sent to him in PDF format,” Hegarty says. “The CFO did the right thing. He reached out directly to the CEO saying, ‘Do you really need this from me?’ and the CEO had no idea what he was talking about.”

The con artists will hack into a company’s internal email servers and do reconnaissance for perhaps several weeks before launching their attack. “Often, it’s the result of the cyberhackers being in your system for quite some time in the background,” he says. “They sort of learn what’s going on in your organization and then they target emails specifically to try to take advantage of the knowledge they’ve gained.”

A local company, which was not identified, fell victim to the scam. “There was a CFO that received a correspondence from the company’s CEO on a really high-level deal that was occurring,” Hegarty says. “He needed money transferred in order to make it happen. Everything was to be kept confidential and the losses for this corporation were in the tens of millions of dollars.”

The best defense is having strong firewalls and remaining vigilant to check up directly on email requests that seem out of the ordinary, involve employees’ personal information or large amounts of money.

(Radio Iowa)

A contest is underway to determine the location of Iowa’s best pizza. Eight restaurants around the state were selected for the “March Madness” style showdown. They are Zipp’s Pizzaria in Adair, Great Plains Sauce and Dough Company in Ames, Santa Maria Winery in Carroll, Mabe’s Pizza in Decorah, Fong’s Pizza in Des Moines, A & A Pagliai’s Pizza in Iowa City, P’s Pizza House in Le Mars, and Zeno’s Pizza in Marshalltown. The Iowa Tourism Office is coordinating the tournament and spokesperson Jessica O’Riley explains how the eight restaurants were selected.

“We asked on Facebook for favorite locations. We also did some Trip Advisor research and others were called out by Midwest Living or other publications as superb pizza,” O’Riley said. Iowans can vote for their favorite pizza on Travel Iowa’s Facebook page. The eight restaurants face off in four head-to-head battles with a champion crowned on Friday, March 25. The winning restaurant will boast the title of “Iowa’s Best Pizza” place, but the businesses’ customers will win something as well.

“The winning restaurant will offer a $3 off coupon for people to go to the restaurant and experience the pizza themselves,” O’Riley said. Last year, the Iowa Tourism Office organized a similar contest to determine the location of Iowa’s best pie. The winner was a cherry pie served by Crouse Cafe in Indianola.

(Radio Iowa)