How to Create a Complex Password and Memorize It

We all hate it. A message pops up on your computer stating that it’s time to change your password. As you try to come up with a unique password for what feels like the tenth time this year, you think to yourself, “how am I supposed to remember all these password changes and what good …

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The Fraud Triangle

In order for fraud to occur, there normally needs to be three conditions present: a pressure, an opportunity and a rationalization. This is known as the fraud triangle. The first side of the fraud triangle is pressure. Pressure can take many forms, and the pressures that motivate employee fraud differ from those that motivate management …

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ACFE – Report to the Nations on Occupational Fraud and Abuse

The Association of Certified Fraud Examiners recently released their annual “Report to the Nations on Occupational Fraud and Abuse”. The report provides statistical information on fraud in the workplace during 2014. Here are a few of their findings: Participants estimated that the typical organization loses 5% of revenues each year to fraud. The median loss …

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Don’t Fall Victim to these Tax Scams! Part 2

Each year, the IRS updates their “Dirty Dozen” list of tax scams to watch out for during the filing season. We listed the first six scams here. Here are six more scams that taxpayers dealt with during the previous year. #7 – Fake Charities Scam artists masquerade as charitable organizations to attract donations from unsuspecting …

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Don’t Fall Victim to these Tax Scams!

Each year, the IRS updates their “Dirty Dozen” list of tax scams to watch out for during the filing season. The list highlights the most common scams that taxpayers have dealt with during the previous year. #1 – Identity Theft Tax-related identity theft occurs when someone uses your stolen Social Security Number (SSN) to file …

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IRS Responds to Identity Theft

In recent years the volume of identity theft incidents has grown at an alarming rate. In 2014, more than 9.9 million Americans fell victim to identity theft. Although often less talked about, tax-related identity theft crimes have risen drastically in recent years too. In 2013 alone, more than 2.4 million taxpayers were affected by identity …

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IRS Taxpayer Advocate Employee Charged with ID Theft

An employee who worked in the IRS’s Taxpayer Advocate office in Birmingham, AL is facing multiple charges in an identity theft scheme. Four people were arrested and charged last month including Nakeisha Hall, 39, an IRS employee who worked in the Taxpayer Advocate Service office in a role that was supposed to assist taxpayers experiencing …

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IRS Mails Identity Theft PINs with Incorrect Tax Year

With the unfortunate uptick in data breaches and identity theft crimes over the past several years, many businesses and organizations have taken steps to prevent or at least mitigate the potential impact of identity theft. For example, you’ve probably received replacement credit cards within the last few months; these cards contain a new chip that …

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Avoid Being Scammed like Real Housewife Heather Dubrow

On a recent episode of her podcast Heather Dubrow’s World, Heather Dubrow revealed how she and her husband, plastic surgeon Terry Dubrow, were scammed out of nearly $2 million by their accountant and another woman. After selling their O.C. home for $16.45 million, the Dubrows were encouraged by their accountant of more than twenty years, …

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IRS Proposes Nonprofits Collect Social Security Numbers

For several years now, the IRS has been working to crack down on fraudulent deductions for charitable contributions. IRC §170(f)(8)(A) requires taxpayers to obtain contemporaneous written acknowledgment from a charity in order to claim donations of $250 or more. IRS field agents have reported that under audit, many taxpayers claim they’ve lost receipts supporting those …

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