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COVID-19: Alert Issued For Department Of Treasury Stimulus Scams COVID-19: Alert Issued For Department Of Treasury Stimulus Scams
Covid-19: Alert Issued For Department Of Treasury Stimulus Scams As more than 80 million Americans have either already received or are awaiting economic stimulus automatic deposits in their bank accounts or checks through the mail,  the Treasury Department is warning of scams associated with the payments. "If you receive calls, emails, or other communications claiming to be from the United States Treasury Department and offering COVID-19 related grants or stimulus payments in exchange for personal financial information, or an advance fee, or charge of any kind, including the purchase of gift cards, do not respond, "the department said. The Federal T…

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by Joe Lombardi
News
COVID-19: Some Could Now Start Getting Stimulus Checks By Direct Deposit COVID-19: Some Could Now Start Getting Stimulus Checks By Direct Deposit
Covid-19: Some Could Now Start Getting Stimulus Checks By Direct Deposit Relief is coming for millions of Americans coping with the novel coronavirus (COVID-19) pandemic as the federal government begins making payments. The House Ways and Means Committee said the IRS will make approximately 60 million payments to Americans through direct deposit in mid-April, with some expected as soon as Thursday, April 9. Those without direct deposit information on file at the IRS may not receive their checks until the summer or fall. U.S. residents will receive the Economic Impact Payment of $1,200 for individual or head of household filers, and $2,400 for married filing jo…

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by Zak Failla
News
COVID-19: Social Security Recipients Will Automatically Receive Economic Impact Payments COVID-19: Social Security Recipients Will Automatically Receive Economic Impact Payments
Covid-19: Social Security Recipients Will Automatically Receive Economic Impact Payments Seniors and others who receive Social Security will automatically receive an economic impact payment associated with the novel coronavirus (COVID-19) pandemic. The U.S. Department of the Treasury and the IRS announced on Wednesday, April 1, that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive the benefit, payments will be automatically deposited into their bank accounts. “Social Security recipients who are not typically required to file a tax return do not need to take any action, and will receive t…

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by Kathy Reakes
Lifestyle
COVID-19: Here's What You Need To Know About Amount, Timing Of Federal Stimulus Checks COVID-19: Here's What You Need To Know About Amount, Timing Of Federal Stimulus Checks
Covid-19: Here's What You Need To Know About Amount, Timing Of Federal Stimulus Checks The Treasury Department and the Internal Revenue Service announced Tuesday, March 30, that economic impact payments will begin in the next three weeks and will be sent automatically, with no action required for most people.  However, some seniors and others who typically do not file returns will need to submit a simple tax return to receive the payment. Who is eligible for the economic impact payment? Tax filers with adjusted gross income up to $75,000 for individuals and up to $150,000 for married couples filing joint returns will receive the full payment.  For filers with inco…

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by Kathy Reakes
News
NYS On Pause: Cuomo Orders COVID-19 100 Percent Non-Essential Workplace Reduction, New Rules NYS On Pause: Cuomo Orders COVID-19 100 Percent Non-Essential Workplace Reduction, New Rules
NYS On Pause: Cuomo Orders Covid-19 100 Percent Non-Essential Workplace Reduction, New Rules Click here for an updated story - COVID-19: Here's When NYS PAUSE Measures Take Effect, What You Need To Know Amid the novel coronavirus crisis (COVID-19), Gov. Andrew Cuomo said he's taking the most dramatic action he can - reducing the non-essential workforce 100 percent. There will be fines and closures if businesses do not cooperate with the state order, Cuomo said in a news briefing in Albany on Friday, March 20. The measure in which only essential businesses can have workers commuting takes effect Sunday night, March 22. "This is the most drastic action we can take," Cuomo said, off…

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by Joe Lombardi
News
Scam Alert: Don't Fall For These Tax Season Schemes Scam Alert: Don't Fall For These Tax Season Schemes
Scam Alert: Don't Fall For These Tax Season Schemes As tax season heats up, officials are warning area residents to be wary of opportunistic fraudsters looking to scam them in new ways. Scammers have found new ways to defraud their victims, from mailbox phishing to new electronic means. The IRS stated that hackers attempted to claim more than $3 billion in false refunds last year using stolen information. “Thousands of people have lost millions of dollars and their personal information to tax scams. Scammers use the regular mail, telephone, or email to set up individuals, businesses, payroll and tax professionals,” the IRS stated. “The …

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by Zak Failla
News
Area Business Owner Failed To Pay Taxes For Years, Lied To IRS, Feds Say Area Business Owner Failed To Pay Taxes For Years, Lied To IRS, Feds Say
Area Business Owner Failed To Pay Taxes For Years, Lied To IRS, Feds Say A Hudson Valley business owner is facing charges for allegedly “knowingly and willfully failing to pay over payroll taxes for his company and for corruptly endeavoring to obstruct and impede the due administration of the internal revenue laws,” the U.S. Attorney’s Office announced. U.S. Attorney Geoffrey Berman said Dutchess County resident William Grogg, of Millbrook, has worked in the printing and publishing industry in and around Poughkeepsie since the 1980s, owning and managing the financial affairs of multiple companies.  During his three decades working in the industry, it i…

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by Zak Failla
News
Town Justice In Northern Westchester Admits To Tax Evasion Town Justice In Northern Westchester Admits To Tax Evasion
Town Justice In Northern Westchester Admits To Tax Evasion A town justice in Northern Westchester has admitted to evading payment of more than $160,000 of Federal income tax over a 10-year period, according to authorities. Lewisboro Town Justice Marc Seedorf pleaded guilty to tax evasion before U.S. District Judge Cathy Seibel in White Plains Federal Court on Friday, Dec. 6. “As he admitted, for years Marc Seedorf flouted his obligations under the law to file tax returns and to pay taxes," U.S. Attorney for the Southern District of New York Geoffrey S. Berman said. "This was conduct that would be shameful for anyone, and all the more so …

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by Joe Lombardi
News
Ex-CEO From Area Sentenced For Embezzling $1.5 Million Ex-CEO From Area Sentenced For Embezzling $1.5 Million
Ex-ceo From Area Sentenced For Embezzling $1.5 Million A Hudson Valley man who embezzled $1.5 million from a nonprofit organization he helped found in Connecticut is going to spend more than a year in prison. Paul Gileno, 47, of Brewster, the founder and CEO of the United States Pain Foundation, was sentenced in Bridgeport district court to 12 months and one day in prison, followed by two years of supervised release, for embezzlement and failing to pay federal income taxes. Gileno operated the Middletown, Connecticut-based nonprofit organization, which was designed to find support and resources for individuals with pain issues.  Between …

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by Zak Failla
News
Father/Son Owners Of Area Auto Dealership Charged With Tax, Bank Fraud Father/Son Owners Of Area Auto Dealership Charged With Tax, Bank Fraud
Father/Son Owners Of Area Auto Dealership Charged With Tax, Bank Fraud A father and son who own a Hudson Valley auto dealership are facing charges for an alleged multi-million dollar tax and bank fraud scheme. Central Valley residents Mehdi and Saeed Moslem, the owners of the Exclusive Motor Sports car dealership in their Orange County hometown, were arrested and indicted for their roles in conspiring to defraud the United States, U.S. Attorney Geoffrey Berman announced. It is alleged that from 2009 through 2016, Mehdi Mosel, 70 and his son, 35, concealed millions of dollars in profits from the IRS that were tied to their dealership. Berman said that to fals…

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by Zak Failla
Politics
NY Attorney General Sues Trump Treasury, IRS To Find Out Why Donor-Reporting Rule Was Scrapped NY Attorney General Sues Trump Treasury, IRS To Find Out Why Donor-Reporting Rule Was Scrapped
NY Attorney General Sues Trump Treasury, IRS To Find Out Why Donor-Reporting Rule Was Scrapped New York Attorney General Letitia James is once again taking on President Donald Trump’s administration, this time targeting the Treasury Department over failure to provide legally-required information. James announced that she and her contemporaries in New Jersey have filed a lawsuit against the U.S. Department of the Treasury and the IRS for failing to respond to records requests concerning the elimination of donor disclosure requirements for non-tax-exempt groups. According to James, the lawsuit “asks the court to compel the Treasury Department and IRS to respond as required by law to re…

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by Zak Failla
News
Alert Issued For Wire Fraud Scam Targeting Direct Deposit Info Alert Issued For Wire Fraud Scam Targeting Direct Deposit Info
Alert Issued For Wire Fraud Scam Targeting Direct Deposit Info A new phishing scam is targeting the HR departments of companies in an effort to reroute direct deposits. CNBC first reported that the new scam involves fraudsters rerouting direct deposit accounts, and once checks are made, the paycheck will instead go directly into the criminal’s account. According to KVC Health Systems, a child welfare nonprofit based out of the Midwest that was hit by the scam reported that the emails look legitimate and intentionally come from the company’s CEO, CFO or payroll director to increase the authenticity of the request. Reports state that the emails are diff…

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by Zak Failla