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Tax scams

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IRS Roots Out $440M In Fraud In First Year Of Pandemic Assistance, Hunts For More IRS Roots Out $440M In Fraud In First Year Of Pandemic Assistance, Hunts For More
IRS Roots Out $440M In Fraud In First Year Of Pandemic Assistance, Hunts For More Along with the welcome relief brought by the federal Paycheck Protection Program have come scams, more than 350 of which are tax and money laundering crimes that have totaled $440 million over the past year, the IRS says. On what will be the one-year anniversary of the Coronavirus Aid, Relief and Economic Security (CARES) Act this Saturday, the service’s top officials pledged to continue rooting out the wrongdoing. “As we continue to navigate through this pandemic, businesses and families continue to struggle through financial hardships,” said Michael Montanez, the special agent in charge o…

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by Jerry DeMarco
Lifestyle
IRS Warns Of 'Aggressive,' 'Sophisticated' Phone Scams IRS Warns Of 'Aggressive,' 'Sophisticated' Phone Scams
IRS Warns Of 'Aggressive,' 'Sophisticated' Phone Scams With tax season here, the Internal Revenue Service is warning employers and employees to be on high alert for a “sophisticated phone scam” targeting taxpayers, including recent immigrants, that has been making the rounds in the tri-state area. During the last two tax seasons, taxpayers have been receiving aggressive calls from fraudsters claiming to be IRS employees, using fake names and phony ID badge numbers, officials said, warning that the scammers tend to know pertinent information about their targets and can alter caller ID to make it look like the IRS is calling. Officials said that …

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by Zak Failla