Most people don’t enjoy tax season. Any of the thousands of Americans who experience tax-related identity theft find this time of year particularly frustrating. And then there’s Kenyatta Solomon, an Atlanta woman whose identity has reportedly been stolen to file fraudulent tax returns two years in a row. “It’s very frustrating, especially when they say they… Read More
In just the past few years, more experts both within government agencies and outside them have noticed how troublesome instances of identity theft tax return fraud have become, but a new report suggest the Internal Revenue Service doesn’t know how widespread the issue is. The IRS recently said that it has no way of knowing… Read More
In recent years, fraudsters have been able to mine a rich vein of potential identity theft by filing bogus tax returns for other people. But while the IRS has tried to come down hard on this type of criminal, many may still be slipping through the cracks. As many as 1.5 million tax returns that… Read More
The IRS just released the twelve top scams to avoid this tax season. In the hope that it helps you save money and avoid grief, my translation of the IRS’s explanations follows.
1. Phony phone refunds being claimed as part of the special Telephone Excise Tax Refund available to most taxpayers this year. The IRS says it’s “actively investigating” tax preparers who are preparing inflated refund requests. We may not like them, but the folks who work for the IRS are not jerks. I wouldn’t want my return to look out of line in this area.