Financial headlines in the last several years have been filled with stories of investors whose losses have occurred as a result of Ponzi Schemes. In 2009 the U.S. Securities and Exchange Commission identified 20% of the fraud cases they investigated … read more
As a follow up to the Impact of Tax Fraud and Tax-Related Identity Theft blog that we posted in September, there is some new news in this area. The IRS issued a newswire that explains how they have been working … read more
It’s sad but true. Following major disasters and tragedies, scam artists impersonate charities to steal money or get private information from well-intentioned taxpayers. Fraudulent schemes involve solicitations by phone, social media, email or in-person. Scam artists use a variety of … read more
The IRS receives thousands of reports every year from taxpayers who receive emails out-of-the-blue claiming to be from the IRS. Scammers use the IRS name or logo to make the message appear authentic so you will respond to it. In … read more
National Taxpayer Advocate Nina E. Olson recently released a report to Congress that identifies the priority issues the Taxpayer Advocate Service (TAS) will focus on during the upcoming fiscal year. The report expresses particular concern about the taxpayer impact of … read more
I wish fishing scams didn’t go beyond over eager anglers breaking the rules in a fishing tournament. But that’s a different kind of fish story. This one’s a bit more serious. Phishing is a scam typically carried out by unsolicited … read more
Fraud seems to be prevalent throughout all areas of business these days, no matter the size or industry of a business. Big businesses have the resources to fund antifraud and internal controls necessary to prevent or detect fraud. Small businesses, … read more
Tax fraud went up 181% for the 2010 filing season, according to the IRS. This large increase in fraud is due to two primary causes: the first is a bad economy, and the second is a push-and-pull from both sides … read more
I have had both friends and associates that have been victims of identity theft. It is a nasty experience for all concerned and leaves you with a sick feeling in the bottom of your stomach. The IRS is getting serious … read more
Recently the IRS warned taxpayers to beware of this type of scheme by making sure the tax preparer is providing good information related to taking this credit and that all the requirements are met. The IRS announced its first successful … read more
There is nothing more complex than the world of taxes. We know this and yet we chose careers where we face these issues everyday. We get questions day in and day out about new tax laws, forms and news items and how they affect everyday people and businesses. Well, here at Henry & Horne, LLP we have set out to do what we do best; help everyday people understand what is going on in the world of state, local, federal, estate and international taxation. We will provide these weekly posts and we encourage you to give us feedback on those posts as well as letting us know what else you would like to know more about. Welcome to "Tax Insights." We hope you find this blog informative and worthy of your time.
Before posting a comment on a blog post please be aware that we do not give free tax advice to non-clients by email, comment response, or phone. Thank you!
- Whose Property Is It?
- Tax Implications of the Sharing Economy
- RIA Releases Preliminary 2015 Tax Items
- IRS Releases Health Care Information Reporting Draft Forms
- Deducting the iPhone 6
- Congress Eyes Legislation to Extend Expired Tax Provisions
- What You Need to Know about Arizona’s Sales Tax Reform
- Deducting Moving Expenses
- Establishing that Debt is Bona Fide Debt
- Deducting Job Hunting Expenses