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Alerts concerning tax fraud include cases of filing fraudulent tax returns by scammers and individual taxpayers. Among tax scams that do not involve seasoned scammers, tax fraud concerning tax returns is most common. Filing false tax returns is a tax fraud that can be done by falsifying details to be filled in a tax return... Continue reading →

There has been an increase in cases of tax fraud in the last few years. According to an IRS report, tax compliance has gone down from 83.7 percent to 83.1 percent. Many taxpayers are finding it difficult to pay taxes because of the economic crisis. Although most taxpayers comply with tax laws, some resort to... Continue reading →

Tax fraud in the name of tax resolution services was unexpected until top tax resolution companies were found to be deep in tax scams. American Tax Relief was one such big name that was sued by the Federal Trade Commission (FTC) for cheating American taxpayers off $60 million.American Tax Relief’s tax scam ran deep. The... Continue reading →

Scammers are looking to make big money through easy methods of deceiving people. Fraud in tax is just that. Numerous multi-million tax scams have been unearthed in the recent past. Fraud in tax refunds, phishing, identity theft, fraud by tax resolution companies and tax evasion has made headlines and are keeping law enforcement agencies busy.Today,... Continue reading →

Tax fraud is growing more common everyday. This year the IRS received more than a million false tax returns, 72% up from the previous year. Filing false tax returns for extracting big refunds from the IRS is not a new trick for scammers; it is the one that is easiest to operate. Anybody with a... Continue reading →

Tax scams have increased in number in the last few years, leaving thousands of taxpayers vulnerable to fraudsters. Busting of scam tax relief companies namely American Tax Relief, Roni Deutch and Tax Masters raise questions about how deep scams concerning taxes really are.Scams of Tax Relief CompaniesAfter the above mentioned tax relief companies were exposed... Continue reading →

Keeping yourself informed about the various threats you may face because of tax scams is your best safety. There is little taxpayers can do once they have fallen into the trap of fraudsters. Therefore, it is important to stay protected from harm.Tax Scams to Watch Out ForTop scams that you need to stay aware of... Continue reading →

If you have U.S. filing or income reporting requirements and are required to use an Individual Tax Identification Number (ITIN) on your tax return, there are some important factors to remember. If you have not submitted a return with your ITIN for five consecutive years, then your ITIN may be deactivated by the IRS. Even... Continue reading →

President Barack Obama’s controversial healthcare plan, which requires all Americans to have healthcare insurance, was upheld by The Supreme Court. This victory is now leading to many questions concerning the penalty and how the IRS will enforce the new plan.Some sections are of the opinion that because the penalty for non-compliance is so little ($95... Continue reading →

The controversial healthcare plan put forward by President Barack Obama and upheld by The Supreme Court will put more burden on the IRS. Now, the IRS will need to enforce the new healthcare plan, a role which it is not comfortable doing.Steven Miller, IRS deputy Commissioner, said, “We will not use levies, liens or criminal... Continue reading →