I-D thieves stole info of more than 100,000 taxpayers off an agency website as part of plan to claim fraudulent tax refunds, IRS says
More than 100,000 taxpayers have had their personal tax information stolen from an IRS website as part of an elaborate scheme to claim fraudulent tax refunds.
J. David Ake/AP By STEPHEN OHLEMACHER WASHINGTON -- More than 100,000 taxpayers have had their personal tax information stolen from an IRS website as part of an elaborate scheme to claim fraudulent tax refunds. The information was stolen...Show More Summary
Officials said the breach was part of an elaborate scheme to claim fraudulent tax refunds. In order to access the information, the thieves cleared a security screen that required knowledge about the taxpayer, including Social Security number, date of birth, tax filing status and street address.
Criminals gained access to past tax returns of more than 100,000 people and used personal information to claim $50 million in fraudulent refunds, the agency said.
In 1884, 31 U.S.C. §330 was added to the statute. Section 330 provides that the Secretary of the Treasury may: (1) Regulate the practice of representatives of persons before the Department of the Treasury, and (2) Before admitting a representative to practice, require that the representative demonstrate: good character; good reputation; necessary qualifications to enable [...]
Refundable credits meant to benefit low income workers bring out identity thieves and fraudulent preparers who prey on both them and the IRS.
Memorial Day weekend!. As most offices will be deserted by 3 p.m., let’s get started. And while you are getting […]
IRS, Registered Tax Return Preparer Test Fee Refunds (May 21, 2015): The IRS is refunding the fees that return preparers paid for the Registered Tax Return Preparer test. Letters will be mailed to refund recipients on May 28 and checks will be mailed on June 2. Return preparers took the...
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This article is by staff writer Suba Iyer. Presumably, it has been a little more than a month since you submitted your tax return for 2014. Did you end up owing the IRS or did you get a refund? There are plenty of personal finance articles that discuss the pros and cons for each of these situations. Show More Summary
Talashia Hinton was arrested May 12 for her alleged part of a stolen identity federal tax refund ring that filed more than 3,000 false tax returns claiming more than $7.5 million in fraudulent refunds. The number of returns and amount of potentially lost tax money are both notable, but it's the dollars that earn this week's By the Numbers (dis)honor. Show More Summary
Hillary Clinton says illegal immigrants pay more in taxes than major corporations. But does she mean income tax, sales tax, property tax or payroll? Her gerrymandered comparison got 4 Pinnocchios from the Washington Post.
More about the new IRS cybercrime division. Tax Analysts reports that it will handle “large-scale, multi-jurisdictional, and international cases that facilitate stolen identity refund fraud or that affect tax administration.” Its main...Show More Summary
April 15 is now in the past. Everyone can breathe a collective sigh of relief. In fact, for those people who have received their refund they might already be enjoying the fruits of that extra influx of cash. For those still waiting for...Show More Summary
Pin it Let's do some daydreaming today: if you had a windfall of $50, $500, or $5,000 that you had to spend on your home, what would you buy? And if you're one of the lucky ones with a nice fat tax refund burning a hole in your pocket, what might you actually spend it on? Dream big! READ MORE »
Recent data from some Harvard researchers this week highlighted why Baltimore was so primed for protests and riots. It's harder for kids there born poor to move up the economic ladder.… [ Read more ] [ Subscribe to the comments on this story ]
Joe Nacchio still claims his insider trading case was related to his objection to illegal NSA surveillance.
By Paula Pant, WiserAdvisor.com contributor Congratulations, you've gotten a tax refund! Now, what are you going to do next? If the only answer that comes to mind is a cheeky "I'm going to Disney World!" never fear. Here are a few better ways to spend that windfall that will help you set yourself up for future financial success. 1. Show More Summary
Picture this: You wake up one morning and head outside to get the newspaper. Sitting there on the stoop is a bag with your name on it. You open it and find a wad of cash -- totaling $3,120! Your mind starts to race as you think about...Show More Summary