Tuesday, January 21, 2020

Taking Advantage of Tornadoes

Imagine being the victim of a natural disaster: your home could've been wrecked, your property may have been damaged and you may not even know where your loved ones are and if they're alright. Now imagine someone pretending to suffer like you have...

IRS, States and Tax Industry Ask for Public’s Help to Fight Identity Theft

Guest Writers: John Koskinen, Commissioner, Internal Revenue Service Gale Garriott, Executive Director, Federation of Tax Administrators With tax season underway and millions of families expecting refunds, the entire tax community is working together to fight back against tax-related identity theft. The time is now to protect your...

The Young and the Felonious

If you already have 15 felony ''priors,'' you'd think you'd be a bit more careful not to break the law. Alas, some people never learn. The Herald Bulletin has the story of an Indiana woman who was already serving prison time for convictions related...

The Importance of Tax Identity Theft Awareness Week

Deborah Smith, MBA, LexisNexis Risk Solutions Former Executive Director, Personal and Business Taxes, Ohio Department of Taxation Tax season has arrived. In addition to collecting and organizing statements, charitable donations, medical expenses and other tax records, it is also important to protect yourself from becoming a...

Big Boo Boo

Today’s “Fraud of the Day” is based on an article entitled, “Phenix City resident convicted of stolen identity fraud ring that sought $26 million,” posted on AL.com. A Phenix City resident was convicted by a federal jury for stealing the identities of soldiers, state prisoners and teenagers in a scheme that sought $26 million in false tax returns.

Not If, But When

If you think your identity could never be stolen, think again. According to Symantec’s 2017 Internet Security Report, 1,209 security breaches occurred in 2016 exposing 1.1 billion identities. If that doesn’t scare you, then consider that over the past eight years, more than 7.1...

X-rated Rx

The Rx symbol is found on doctor’s prescription pads, as well as on signs in pharmacies. (Here’s your medical lesson for the day: Rx is derived from the Latin word “recipe,” which means “take”.) A Mount Holly, North Carolina physician was definitely “on the...

Identity Fraud Epidemic

Identity fraud has reached epidemic proportions in South Florida. While the Federal Trade Commission reports that Florida had the highest rate of identity theft in the country in 2013 and 2014, Miami wins the award for having the most identity theft complaints in the...

The Despicable Fraudster

For many, neighbors can be trusted friends you can rely on in difficult times. For others, neighbors can be your worst nightmare, especially when they steal your identity and drain your bank accounts. (It's time to move.) Today's ''Fraud of the Day,'' which appeared...

Ignorance is Not Bliss

You've probably heard the saying, ''Ignorance is bliss.'' This suggests that it's more convenient or comfortable to ignore the fact that something unscrupulous is going on. A press release published by the Department of Justice describes one woman's feigned attempt at ignorance while testifying...

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