Help! I Did My Taxes Wrong

Personal Finance

Help! I Did My Taxes Wrong

Help! I Did My Taxes Wrong

You know that feeling when finish writing an email, press “send” and immediately realize you made a mistake (aka one of the worst feelings ever)? Once you’re done yelling, “Nooooo!” you likely start writing a corrected message. That’s essentially what you have to do if you make a mistake when filing your taxes. Go ahead,… Read More

IRS Exposed Hundreds of Social Security Numbers

Identity Theft

IRS Exposed Hundreds of Social Security Numbers

IRS Exposed Hundreds of Social Security Numbers

Data breaches are becoming quite common, especially for government agencies. The latest such incident involved the Internal Revenue Service, and could potentially leave tens of thousands of people exposed. The breach itself was discovered by nonprofit watchdog group Public.Resource.Org, and could have lasted less than 24 hours, but potentially much longer, according to a report from the… Read More

Consumers Pass on Tax Refunds via Prepaid Cards

Personal Finance

Consumers Pass on Tax Refunds via Prepaid Cards

Consumers Pass on Tax Refunds via Prepaid Cards

These days, the Internal Revenue Service allows Americans to collect their tax returns electronically, via direct deposit into their bank accounts. However, this option is often not used by underbanked, low-income consumers, and now the government is working to determine how best to roll out these programs to a broader base. Today, some 43 million… Read More

IRS Identity Theft Prevention Criticized

Identity Theft

IRS Identity Theft Prevention Criticized

IRS Identity Theft Prevention Criticized

In recent years, identity theft committed by filing fraudulent tax returns has come into stark focus, but some experts say the Internal Revenue Service still doesn’t do enough to protect Americans. The amount of tax-related identity theft nationwide has surged and a new report from the National Taxpayer Advocate says the IRS may not be doing… Read More

IRS Doesn’t Know Real Size of Tax Identity Theft

Identity Theft

IRS Doesn’t Know Real Size of Tax Identity Theft

IRS Doesn’t Know Real Size of Tax Identity Theft

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

South Carolina Residents Hit With Massive Data Breach

Identity Theft

South Carolina Residents Hit With Massive Data Breach

South Carolina Residents Hit With Massive Data Breach

The state of South Carolina is now alerting millions of people that their personal and financial information may have been compromised in a massive cyber attack. The South Carolina Department of Revenue was hit with a hacking attack that exposed about 3.6 million Social Security numbers of those who filed their taxes with the state… Read More

IRS May Have Missed $5.2 Billion in Fraudulent Returns

Identity Theft

IRS May Have Missed $5.2 Billion in Fraudulent Returns

IRS May Have Missed $5.2 Billion in Fraudulent Returns

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

Task Force to Pursue Legal Action Over Mortgage Practices

Mortgages

Task Force to Pursue Legal Action Over Mortgage Practices

Task Force to Pursue Legal Action Over Mortgage Practices

Millions of Americans saw their mortgages go underwater in the last few years as property values declined significantly. Now it seems that some of the companies or individuals partly responsible for the housing market collapse could be held to account for their actions. A federal task force put together to investigate those responsible for the… Read More

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