The 2017 tax filing season is still 6 months away, but the IRS is already making plans to fight tax identity theft and refund fraud that it expects to see next year.
The Earned Income and additional child tax credits help put added money in the hands of millions of filers. They also are a source of tax fraud. A new law will delay refunds in 2017 on returns that claim these credits.
Everyone agrees the IRS needs to stop tax refund fraud. But the Taxpayer Advocate says the system is producing too many false positives, delaying legitimate refunds.
Rep. Jason Chaffetz chairs the House committee that looks at how well government, including the IRS, does or doesn’t run. Now he’s also a tax identity theft victim.
Tax-related identity theft is a growing problem, and two women contend in a lawsuit that Intuit, maker of the popular TurboTax, “facilitates” the cybercrime.
The IRS is asking some taxpayers to verify their identities before it will process their returns. Don’t panic. It’s a legitimate effort to stop tax identity theft.
Thinking about hiring a tax pro? Finding a good one is a major problem for many taxpayers, according to a recent tax season evaluation by some consumer groups.
Tax identity theft and fraud is a growing issue, highlighted by problems with recent state e-filings. Will security concerns affect how you file your 1040?
A group of South Florida college kids learned a lesson the hard way. They allegedly are part of a $1.9 million identity theft tax fraud ring.
Being behind bars doesn’t deter some tax criminals. Two in Minnesota, however, have been charged with running a $400,000 fake tax refund scheme.