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If you are exposed to identity theft-related tax fraud, the process to file your real return could be onerous, she said. In addition to having to provide the IRS with a host of additional ...
While the deadline for filing taxes is April 18 this year and many Americans may not want to think about taxes so close to the new year, experts are recommending filing them early for something ...
After the initial theft, the alert noted, criminals may continue to exploit victims by using the personal identifiable information found in the stolen mail for future fraud schemes, such as credit ...
1099 OID fraud is a common scam used to obtain money from the U.S. Internal Revenue Service (IRS) by filing false tax refund claims. [1]Form 1099-OID is intended to be submitted to the IRS by the holder of debt instruments (such as bonds, notes, or certificates) which were discounted at purchase to report the taxable difference between the instruments' actual value and the discounted purchase ...
Internal Revenue Service, Criminal Investigation (IRS-CI) is the United States federal law enforcement agency responsible for investigating potential criminal violations of the U.S. Internal Revenue Code and related financial crimes, such as money laundering, currency transaction violations, tax-related identity theft fraud and terrorist financing that adversely affect tax administration.
The U.S. Internal Revenue Code, 26 United States Code section 7201, provides: Sec. 7201. Attempt to evade or defeat tax Any person who willfully attempts in any manner to evade or defeat any tax imposed by this title or the payment thereof shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof, shall be fined not more than $100,000 ($500,000 ...
In a press release from the U.S. Attorney’s Office for the Southern District of New York, Rafael Alvarez is said to have committed one of the largest ever tax frauds by a return preparer.
Handling criminal prosecutions of major tax fraud promoters; Working with the Federal Trade Commission to combat internet fraud schemes; Using both civil and criminal tools to put tax fraud promoters out of business; Enforcing IRS summonses for records of corporate tax shelters; Attacking the use of foreign bank accounts to evade taxes