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. In regard to stimulus payment checks, if you received one in error, the IRS has not set out guidelines on what the repayment methods are. …

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Beware of paycheck protection program loan scams

It never takes scammers long to show up, 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 program. Don’t miss: …

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Arizona tax preparer pleads guilty to preparing fraudulent tax returns

Last month 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 tax withholdings The …

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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. A phishing scam is 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 …

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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 fake property liens. 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 IRS wants …

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Don’t get scammed by fake IRS

The impostors, impersonators and general all-around bad guys are at it again. According to the IRS, notifications to phishing@IRS.gov are up substantially on unsolicited emails, claiming to be from the IRS. It begs the question, would there ever be a solicited email from the IRS? Don’t miss: Call from the SSA? Don’t fall for it. …

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Scammers go after international students’ money

Scammers pretending to be from the federal government are scaring international students into paying them money. The FTC says it has received report that foreign students – particularly from South Asian countries – are getting phone calls that look like they’re from the government. The scammers typically know about a student’s immigration status and the …

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IRS revamps EIN process to enhance security

As part of its ongoing security review, the IRS is making a change to the Employer Identification Number process. Starting May 13, only individuals with tax identification numbers may request an EIN as the “responsible party” on the application. This will provide greater security by requiring an individual – instead of entity – to be …

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