Thieves Steal Confidential Taxpayer Info Via IRS Website

Just when you thought you were safe to access important and confidential information via the IRS website, it turns out scammers are at it again. According to reports from the IRS, thieves have managed to break into one of the government agency’s website services and steal the confidential information of thousands of taxpayers.

In fact, according to reports, the IRS says that the personal information of more than 100,000 taxpayers has been compromised. The idea behind the scam is to steal people’s private information in order to use the victims’ identities to then file false tax returns. The scam occurred through the IRS’s “Get Transcript” service, where taxpayers are able to access their returns and other filings from prior tax years. 

According to IRS Commissioner John Koskinen these scammers are not amateurs. They appear to part of a large criminal syndicate that is attacking the entire financial industry in an effort to defraud both taxpayers and the government of millions.

The IRS discovered the issue after technicians noticed a large bump in the number of taxpayers that were asking for transcripts. While this kind of elaborate tax fraud continues to increase, the IRS claims that so far this year tax scammers have successfully claimed less than $50 million via false tax returns. However this new threat appears to very complex and the information that has been stolen could also be used in future tax seasons to defraud the IRS and taxpayers out of even more money.

Posted in
Why Groco?

GROCO’s Mission Statement

GROCO’s Mission Statement About GROCO At Greenstein, Rogoff, Olsen & Co., we strive to deliver the best service to our clients. We are successful because we stay true to our vision, work hard toward our mission, and employ a series of core values. Our Vision is to be the most trusted advisors in the Bay Area serving…

Choosing a Real Estate Investment Market

Choosing a Real Estate Investment Market

Choosing a Real Estate Investment Market OK, everyone’s heard the old saying that “Location, Location, Location” is the most important factor when buying real estate right? But what does that really mean? What about a location should you know before buying a property for long term rental? Buying because the property’s in your own home…

Shareholders Pleased as Musk Decides Against Taking Tesla Private

Shareholders Pleased as Musk Decides Against Taking Tesla Private

The shareholders are pleased that Elon Musk decided against taking tesla private in what was sure to be a controversial move.  Not wholly unlike several bold and surprising moves the worlds most famous entrepreneur has done in recent years.  Tesla’s CEO Elon Musk recently created quite a stir after suggesting he was considering taking his…

Why Is Facebook’s U.K. Tax Bill So Small?

Why Is Facebook’s U.K. Tax Bill So Small?

Why Is Facebook’s U.K. Tax Bill So Small? How much do you earn a year? How much of your money goes to taxes? If you plan right and use the right professional help then no matter how much money you make you can still find ways to save on your tax bill. There is nothing…