Almost three months after the Internal Revenue Service said identity thieves accessed more than 100,000 taxpayer accounts in its databases, the agency says that a review shows more accounts were exposed and there were more attempts to gain access to them than previously reported.
After lawmakers called on the Internal Revenue Service for more transparency for victims of identity theft, the agency says it will give those people copies of fake tax returns filed using their name and information.
In the last few years, tax return fraud has become a serious problem at the state and federal levels, thanks to the growth of e-filing and security holes in IRS and third-party tax software systems. Is the IRS to blame for this trend? There are really only two options: the IRS is either broke or incompetent. [More]
After the news yesterday that the Internal Revenue Service reportedly suspects Russian identity thieves were behind a breach that allowed thieves to access information for approximately 100,000 taxpayers, the Federal Bureau of Investigation says it’s now investigating the incident.
In the aftermath of revelations that fraudsters exploited TurboTax and had possibly filed bogus returns in many states, the Internal Revenue Service is contacting people linked to suspiciously filed returns, and asking them to verify their identity to find out if the return is real or not.
Each tax season fraudsters manage to separate taxpayers from billions of dollars by using aggressive schemes such as impersonating Internal Revenue Service agents or employing emails and websites designed to gather consumers’ personal information for fraudulent use. This year, the IRS has issued a list of the “Dirty Dozen” scams consumers should guard against. [More]
Do you hear that noise? It’s thousands of forks clattering in the hands of Silicon Valley employees currently enjoying a free lunch. The Internal Revenue Service is taking a closer look at the trend of company cafeterias shoveling free food onto employees’ plates, saying that smorgasbord is a taxable fringe benefit. [More]
Remember the scam that we kept hearing about during tax season, where victims received a phone call from a person pretending to represent the Internal Revenue Service who demanded immediate payment on a prepaid debit card? People just keep on falling for it. Yes, even now that most people have turned in their tax returns. [More]
Consumers with a perpetual worry of being audited each year can breathe a sigh of relief. Okay, maybe not totally, some people are still going to be audited after tomorrow’s tax deadline comes and goes, but the chances of such an audit are unusually slim this year. [More]
This may not come as a surprise to any of you, but those ads on the radio that offer to settle your debt to the Internal Revenue Service for a fraction of the bill may be a scam. [More]
Those 16 days the government spent shut down will have far-reaching consequences into the future. Basically the Internal Revenue Service just can’t get those two weeks back, and as such it’ll be delaying the start of the 2014 tax filing season by one to two weeks. [More]
Earlier this week, we pointed out that just because most of the federal government is closed for business, that doesn’t mean citizens get out of our obligation to pay taxes. If what the IRS is asking you to pay is confusing or unfair, we usually recommend that readers turn to the Taxpayer Advocate Service. Those noble workers are furloughed during the shutdown. [More]
A California couple was trapped in the seventh level of bureaucratic hell. They aren’t just dealing with the IRS: they’re apparently dealing with a part of the IRS whose talent for losing paperwork rivals only Bank of America. They’ve sent in their 2010 tax return four times, and the IRS keeps losing it. [More]
Last month the Internal Revenue Service said H&R Block had bungled over 600,000 tax returns, potentially causing refund delays for those customers. The tax preparation firm says to make up for that glitch, it’ll be sending out $25 gift cards to any customers who filed their taxes at company-owned H&R Block locations and were impacted by the processing delay.
Someone’s got some explaining to do: the Internal Revenue Service sent out about $11.6 billion in payments it shouldn’t have, through the Earned Income Tax Credit program last year, according to a report by the inspector general. This isn’t going over well with its parents at the White House because that is way more than its allowance.
Many of us find the Internal Revenue Service’s income tax return pretty darn difficult to figure out, which is why companies like H&R Block exist — ostensibly, to help customers maneuver the complicated forms and get them a nice tax refund if possible. But it seems H&R finds those forms confusing, too.