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.
Customer Centered Leadership with Daniel Hammond
Alan Olsen interviews Daniel Hammond about customer centered leadership for Alan’s American Dreams show. Transcript: Alan Olsen Welcome to American Dreams. My guest today is Dan Hammond. Dan, welcome to today’s show. Daniel Hammond Alan, thank you so much for having me. Alan Olsen So Dan, you have an amazing entrepreneurial journey and,…
Investing and Networking: Richard Wilson Family Office Club
Richard Wilson is the Founder and CEO of Family Office Club. Since launching in 2011, Richard has grown his firm into one of the leading networks for family offices, wealth advisors and investors worldwide. His work has been featured in Forbes, Bloomberg Businessweek, The Wall Street Journal and other media outlets. With more than a…
The Family Office Club with Richard Wilson, CEO and Founder
Today, American Dreams host, Alan Olsen, sits down with Richard Wilson, CEO, the Family Office Club. Transcript: Richard Wilson And then I said, Okay, who’s gonna pay a 22 year old kid $100,000 a year to do something I’m not bored have to didn’t want to do the risk consulting and I figured out I…
Unlocking the Potential of your Second 50 Years: Kathleen Adams, Co-Founder of Second 50 Financial
American Dreams host, Alan Olsen, sits down with Kathleen Adams, co-founder of Second 50 Financial. Second 50 Financial, a company that empowers successful entrepreneurs and executives to plan for and envision a second 50 years filled with financial confidence, opportunity, and vitality. As a financial planner for over 20 years, Adams is in the business…