Beware of Tax Preparer Fraud

Tax preparer fraud occurs when tax return preparers claim inflated business or personal expenses, including false deductions and excessive exemptions. Tax preparers may also manipulate income figures to qualify for fraudulent tax credits, such as the Earned Income Tax Credit.

In many situations, the taxpayer is not aware of the fraudulent tax preparation, but is still held responsible for the false return by the IRS.

While there are a great deal of reputable tax preparers, the IRS urges taxpayers to choose wisely in order to avoid additional taxes and penalties.

For helpful tips to avoid tax preparer fraud visit the Tropical Financial Credit Union website.

TFCU Breaks Ground on NEW Pembroke Pines Branch Location

Tropical Financial Credit Union breaks ground on the NEW Pembroke Pines branch location!

Is A TFCU Career Right For You?

Do you love your credit union? If so, here's your chance to begin your career with TFCU. Tropical Financial Credit Union is a non-profit financial institution and our employees have been serving members of South Florida for over 70 years. Interested in becoming one of them? TFCU is looking for talented prospective employees to fill entry level and higher positions. If you think you have what it takes, watch our employment video to learn more.

Are You A Fan of TFCU?

Got a Facebook? Why not become a fan of Tropical Financial Credit Union? Get the most up-to-date information about TFCU, career opportunities, information about events and interact with other members on Facebook.

Tropical Financial Credit Union Provides Great Mortgages & Low Car Loan Rates in South Florida Video

Getting a loan doesn't have to be painful! Apply online today with Tropical Financial Credit Union for low rates on car, home, personal and business loans.

Snowbirds to the Rescue!

Snowbirds, repeat seasonal visitors who stay longer than the average Florida tourist, are coming to the rescue of South Florida businesses. These northerners travel from Canada and New England to escape the cold and enjoy the Florida winters. Thankfully, they bring their pocketbooks with them, bringing a much needed boost to Florida's economy.

Florida tourism has been on the decline in recent years, as the economy and businesses are hit hard by the recession. But snowbirds seem to have escaped the recession (partially thanks to the Canadian dollar) and are flocking to Florida at about 90% of their usual rate. These weekly to monthly visitors provide much needed business to local restaurants and businesses afflicted by high unemployment.

How to Set Your Children Up for Financial Success

All parents want the best for their children, but often the financial responsibility we learn from our parents is anything but responsible. One of the most important lessons a parent can teach a young adult is how to spend and save responsibly. Here are a few key ideas to discuss with your child to set him or her up for financial independence in the future:

• Explain the need for budgeting and how to create a working budget.
  
• Explain income taxes and how 401ks and IRAs can help you save on taxes, while saving for the future.
  
• Teach your child how to manage credit cards and avoid debt.
• Stress the importance of filing important documents in an organized manner.