The South District of Florida is taking aggressive measures to protect its tax base from being defrauded out of Covid relief funds. A year ago, the Legislature passed the CARES Act (Coronavirus Aid, Relief, and Economic Security), which allocated $2.2 trillion to Americans suffering from the effects of the Covid pandemic. These funds were intended to aid struggling businesses and individuals who qualified for financial assistance. Since then, however, the South District of Florida has charged dozens of fraud scheme cases in which individuals have been accused of attempting to ascertain Covid relief funds through falsified documents or identity theft. The District has charged 38 cases of such activity since the CARES Act was passed and is leading the nation in Covid relief fraud prosecutions.Continue reading South Florida Leads the Nation in Justice for CARES Act Fraud
Identity theft is often thought of in terms of credit scores and bank accounts, however, the same information used to meddle with your credit can be used to mess with your taxes. Getting jobs, filing returns, when hackers use your personal information in this manner, it is regarded as Tax Identity Theft. While the paperwork needed to correct this is a hassle in and of itself, the resulting delay in refunds could be detrimental for those enduring hardships.Continue reading Tax ID Fraud and How to Defend
Babatunde Olusegun, a resident of St. Louis, was sentenced to jail for the crime of stealing US Citizen’s details. He will spend four years behind the bar. The perpetrator used the details to file fake tax return claims. He made this a success through the use of information leaked in various incidences.Continue reading Man in Jail for IRS Tax refund Scam
Identity theft is not a problem that just affects the private sector. The IRS has been struggling with it for many years as well. But a recent report indicates that they are having significant success fighting it.Continue reading How the IRS Is Fighting Identity Theft
The Internal Revenue Service (IRS) in conjunction with the State Tax Authority has waged a fight against identity theft through tax systems. During their previous summit, reports of notable progress on the initiative were tabled, while new procedures were laid out for the next phase.