How to report identity theft to the IRS

In the United States, approximately 33% of adults have experienced some form of identity theft, which is more than twice the global average. One of the most common forms of identity theft occurs through tax fraud. It is estimated that tax identity theft costs US taxpayers $5.2 billion annually. To combat this growing issue, the …

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IRS updates “Dirty Dozen” tax schemes for 2020 (part 2)

Continued from IRS Updates “Dirty Dozen” Tax Schemes for 2020 (Part 1) Scams targeting non-English speakers: Recent immigrants are often vulnerable to telephone calls claiming to be from the IRS that threaten jail time, deportation, license revocation and other consequences unless financial information is given. Groups with limited English proficiency are often a hot target …

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IRS updates “Dirty Dozen” tax schemes for 2020 (Part 1)

We all know taxes can be complicated, which is why they are a huge target for scammers. Here are the first six of 12 “Dirty Dozen” tax scams to look out for in 2020. Phishing: A scam involving fake emails or websites that aim to steal personal information. To protect yourself from this scam, the …

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Joint Chiefs of Global Tax Enforcement

The Joint Chiefs of Global Tax Enforcement, known as the “J5”, are cracking down on international tax evasion and criminal activity. The J5 is made up of a group of investigators from Australia, Canada, the UK, US and the Netherlands. The group formed in mid-2018 and has been actively focused on bringing down worldwide tax …

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How to return an erroneous refund

Did you receive a refund that did not belong to you or was not the right amount? Whether it was a check or directly deposited, here is what to do to return it. In regard to stimulus payment checks, if you received one in error, the IRS has not set out guidelines on what the …

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Beware of paycheck protection program loan scams

It never takes scammers long to show up with loan scams, and they certainly have not disappointed us when it comes to the Paycheck Protection Program (PPP) loans offered by the U.S. Small Business Administration (SBA). The Federal Trade Commission is warning business owners of scammers attempting to trick you into applying for the wrong …

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Arizona tax preparer pleaded guilty to preparing fraudulent tax returns

Last month, Arizona tax preparer Roberto De La O pleaded guilty to Fraudulent Schemes and Artifices and two counts of Preparing a False Tax Returns for fraudulently preparing around 118 tax returns for 2014-2017. To increase the taxpayer’s refunds, he’d included fake W-2s or 1099-Miscellaneous for Red Home Investments that included Arizona and federal income …

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Avoid getting hooked by phishing scams

In IRS Tax Tip 2019-170, the IRS laid out the tactics of phishing scammers and how to look out for them. Phishing scams are intended to trick users by disguising an email or website to look legitimate, convincing the users to provide personal information or click on unsolicited links. These emails can come to work …

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Ghost tax preparers

The IRS is warning taxpayers about potential ghost tax preparers. A ghost tax preparer is someone who prepares the return but does not sign it or even include information that is vital. Don’t miss: What you need to give your CPA to prepare your 2019 tax return From this point the ghost preparer is free …

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IRS warns taxpayers of property lien scam

This month the IRS issued a Tax Tip warning taxpayers about a fake property lien scam. This is just one of many scams out there designed to trick you into paying money for fictitious bills. Don’t miss: IRS issues warning to virtual currency owners Here are some of the attributes of the scam that the …

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