Five Indicted in Nationwide Fraud Scheme
Five Connecticut men have been indicted in a series of fraud schemes that targeted the elderly, bilking them out of more than $4 million.…
It’s International Charity Fraud Awareness Week
The IRS is launching the second annual International Charity Fraud Awareness Week, which runs through Oct. 25.…
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Tax Pros Warned of Heightened Fraud Threat Ahead
Professionals throughout the U.S. income tax industry are being warned to expect a new, more serious round of cyber-scams and ruses aimed at stealing their confidential filing information—and that of their clients.…
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When That Call from the IRS Isn’t
It always seems to happen when you’ve just settled down for dinner. You get a phone call out of the blue and the man on the other end of the line says he’s Agent Such-and-Such from the Internal Revenue Service, Badge number something-or-Other.…
Audit Finds Some Amended Returns Going Unchecked for Fraud
When taxpayers file an amended income tax return, it’s up to the Internal Revenue Service to review that return before it can be accepted. If the amended return includes a refund or a claim of less…
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Do Taxpayers Fear Identity Theft?
There is no question that identity theft – particularly as it relates to taxes – is a major criminal activity and a serious threat. The Federal Trade Commission (FTC) notes that last year this…
IRS Warns Against Fraudulent Preparers
A recent warning issued by the IRS alleges fraud is being perpetrated by unethical tax preparers targeting Spanish-speaking taxpayers who lack fluency in English. The IRS cites reports of tax…
New Direct Deposit Limits Could Affect Preparers and Their Customers
In an effort to combat fraud and identity theft, new IRS procedures effective January 2015 will limit the number of refunds electronically deposited into a single financial account or pre-paid debit…
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Injunction May Close Chain Mo' Money Taxes
Last year, hundreds of Mo' Money clients in several states alleged bounced checks, excessive fees and the failure of the business to pass along IRS refunds...…
