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

Top Golf Competitions for Fall 2017

Top Golf Competitions for Fall 2017 The golf season is winding down in many parts of the country. If you live in a sunny part of the country, like Hawaii, Arizona or California, then you can keep playing year-round. Of course, for those diehard hackers that can never get enough time on the links a…

Stock Dividends or Buybacks?

Stock Dividends or Buybacks?

Stock Dividends or Buybacks? Anyone who invests in the stock market wants to make money. Of course, the most traditional way to do this is buying a stock low and selling it after it increases in value: a capital gain. However, investors can, and do, make money from their investments in other ways, including buybacks…

dividend growth stock

How to Find the Right Dividend Growth Stock

How to Find the Right Dividend Growth Stock How many great ideas for a startup do you know of that never really got off the ground? Startup companies are a dime a dozen and the majority never become successful. Even some of the best ideas and coolest technologies fail to reach their full potential. These…

retirement savings

How to Make Your Retirement Savings Last a Lifetime

How to Make Your Retirement Savings Last a Lifetime No matter your current age, retirement is coming, at some point. For most people, the earlier that time comes the happier they are. In any case, whether you’re looking forward to that day or you want to work as long as you’re physically able, you will…