Thursday, December 14, 2017

Stop the Abuse

If you haven't already submitted your 2016 federal tax returns, you may be pressed to seek help from a tax preparer to make the April 18 deadline. (Keep in mind that state income tax return due dates vary.) But, it's important not to rush...

A Big Machine

Stolen Identity Refund Fraud (SIRF) schemes are commonly operated by large criminal enterprises involving many individuals completing different tasks at multiple levels. A Massachusetts woman was recently caught for carrying out a $1.3 million SIRF scheme involving the cashing of fraudulent tax refund checks. The...

Tis the Season for Tax Fraud

The Internal Revenue Service (IRS) considers Stolen Identity Refund Fraud (SIRF) to be at the top of the list for tax fraud in addition to a host of other scams that can be just as damaging. As American taxpayers prepare to submit their tax...

Reducing Identity Theft Refund Fraud

Combatting tax refund identity fraud is a top priority for the Internal Revenue Service (IRS). The agency's website reports that through November of 2015, 1.4 million identity theft returns were successfully identified and $8 billion in fraudulent refunds were prevented. Another report from the...

5 Technology Trends Agencies Use to Combat Tax Refund Identity Fraud

Deborah Smith, MBA, LexisNexis Risk Solutions Former Executive Director, Personal and Business Taxes, Ohio Department of Taxation Thanks to advances in technology, tax return preparation and submission doesn't have to be the chore it once was. The process of filling out complex tax forms has been...

Exploring Tax Identity Theft

Criminals are using stolen and fabricated identities to file fraudulent tax returns and apply for undeserved government benefits at an alarming rate. Watch this video to learn about the differences between tax identity theft and governmental identity theft and hear tips on how to...

Hide and Go Seek

Fraudsters tend to think that if they can hide stolen money or benefits, the government will never be able to find them or their secret stash. (However, the government is pretty good at playing Hide and Go Seek. They know all of the hiding...

You Can’t Make This Up

The Internal Revenue Service (IRS) has a great list of tips for choosing a tax return preparer. One tip mentions the importance of reviewing the entire return before signing it. (This is obviously so any errors can be caught before sending it in.) A...

Running a Hustle Behind Bars

A report issued earlier this year by the Treasury Department details how the Internal Revenue Service (IRS) is doing with detecting tax refund fraud. The IRS identified 42,148 fraudulent tax returns with $227 million claimed and prevented the issuance of nearly 80 percent or...

Supermarket Special

Today, shoppers can accomplish multiple tasks at their local supermarket, while saving time and money. Shoppers can pick up everything they need for a tasty meal, fill a prescription, and even withdraw money or deposit a check at their bank branch located near the...
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