Thursday, December 14, 2017
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Tax Refund Fraud

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,...

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...

Improvements in Identify Theft and Tax Fraud Detection Capabilities for 2017

The Internal Revenue Service (IRS) has made great strides in detecting tax refund fraud. As of March 4, 2017, the IRS reported that it had identified and confirmed 14,068 fraudulent tax returns involving identity theft and prevented the issuance of $91.9 million in fraudulent...

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...

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...

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...

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...

Prisoner SSNs Used in $3 Million Fraud

This story originates in Texas but it's about a Delaware woman who was convicted in Dallas after being arrested in Virginia last year. In the process, she defrauded the state of Texas $3 million. The story's from WDEL – in Delaware. In yet another example...

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...

Oh Sister, Why Fraud Thou?

As any fan of crime shows can attest, criminals' patterns are usually what lead to their capture. If one get-rich-quick scheme seems to be working, why not keep it going? (Trick question.) The answer can be found in the experience of three Wisconsin sisters...
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