Sunday, March 7, 2021
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Tax Refund Fraud

Reducing Identity Theft Refund Fraud

Combatting tax refund identity fraud is a top priority for the Internal Revenue Service (IRS). The agency's website reports that through November of 2015, 1.4 million identity theft returns were successfully identified and $8 billion in fraudulent refunds were prevented. Another report from the...

One for the Books

It takes a conniving mind to make claims to the Internal Revenue Service for more than $63 million dollars in fraudulent income tax refunds, all processed by a single tax preparation business. (It also takes a lot of chutzpah.)But federal prosecutors allege that is...

Adding Insult to Injury

There 's nothing like trying to repair your credit record, then being victimized by the very entity that was supposed to help you do it. (Talk about adding insult to injury.) That 's what happened in today 's "Fraud of the Day," which tells...

Tax Refund Fraudster Sent to Prison and Ordered to Pay $3.4 Million in Restitution

Lots of taxpayers would love to drive a luxury car and own a fancy house in a nice neighborhood. Apart from winning the lottery, most people expect to work hard to acquire the ''good life.'? According to an article posted on ABC24.com, a Memphis,...

Snellville Woman Sentenced to Prison for Tax Fraud

This is a story about using the dead to get ahead—and rich—fast. This Atlanta Business Chronicle article recounts how—in just one year (2007 to 2008)—a Georgia woman filed 700 tax returns with falsified information and received $378,548 back in claims. This was 77 percent...

Hide and Seek with Fraud

'Okay everyone? I will count and you go hide? 10...9...8...7...'? If that doesn't bring back childhood memories, I don't know what else will. There is nothing like a good game of hide and seek, especially when you're playing for money and jail time against...

Getting Taxpayers the Money they are Owed, Quickly without Identity Fraud

The Kentucky Department of Revenue's (DOR) job is not just to collect taxes, but to get taxpayers the money they are owed as quickly as possible. We are trusted stewards of taxpayer dollars, and we take our responsibility very seriously. In recent years, identity theft-related...

Florida College Student Prosecuted for Tax Refund Fraud

One former Florida college student was busy doing more than attending classes, studying late at the library and going to fraternity parties on the weekends. A Tallahassee television station, WTXL, reported that today's ''Fraud of the Day'' perpetrator was sentenced to four years in...

Tax Refund Fraud Spreads to Puerto Rico

Many Americans wait to file their tax returns until the week prior to the deadline. However, con artists are generally not procrastinators and jump at the chance to file fake returns on time and even collect refunds in other taxpayers' names, whether living or...

Taxed Out

Can you really have too much of a good thing? For example, have you ever eaten too much – like a whole box of cookies – and found yourself regretting it? Food is just one example. But, fraudsters can sometimes have too much of...
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