Saturday, February 24, 2018
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Tax Refund Fraud

Taxes Two-Step

Listen to this Story When it comes to taxes, don't mess with Texas—or Virginia, as it turns out. An article in the Richmond Times-Dispatch tells the story of a tax professional who filed fraudulent refund claims while managing the Northern Virginia office of a tax...

Tax Refund Fraudster Sent to Prison and Ordered to Pay $3.4 Million in Restitution

Lots of taxpayers would love to drive a luxury car and own a fancy house in a nice neighborhood. Apart from winning the lottery, most people expect to work hard to acquire the ''good life.'? According to an article posted on ABC24.com, a Memphis,...

Adding Insult to Injury

There 's nothing like trying to repair your credit record, then being victimized by the very entity that was supposed to help you do it. (Talk about adding insult to injury.) That 's what happened in today 's "Fraud of the Day," which tells...

One for the Books

It takes a conniving mind to make claims to the Internal Revenue Service for more than $63 million dollars in fraudulent income tax refunds, all processed by a single tax preparation business. (It also takes a lot of chutzpah.)But federal prosecutors allege that is...

Cashing in on Fraud

Check cashing businesses are convenient because multiple financial needs can be taken care of at one time for a small fee. Customers can pay a variety of bills including utilities, mortgages or credit card bills all at once. Sometimes, small businesses also use check...

Hide and Seek with Fraud

'Okay everyone? I will count and you go hide? 10...9...8...7...'? If that doesn't bring back childhood memories, I don't know what else will. There is nothing like a good game of hide and seek, especially when you're playing for money and jail time against...

Florida College Student Prosecuted for Tax Refund Fraud

One former Florida college student was busy doing more than attending classes, studying late at the library and going to fraternity parties on the weekends. A Tallahassee television station, WTXL, reported that today's ''Fraud of the Day'' perpetrator was sentenced to four years in...

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 Taxing Pyramid Scheme

Whenever you think of a pyramid scheme, you tend to think about product gimmicks out to take advantage of the not-so-savvy consumer – eventually reeling them in to sell the product themselves. Well here's a new one. Now pyramid schemes are going so far...

Tax Refund Fraud Spreads to Puerto Rico

Many Americans wait to file their tax returns until the week prior to the deadline. However, con artists are generally not procrastinators and jump at the chance to file fake returns on time and even collect refunds in other taxpayers' names, whether living or...
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