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
The IRS is Waiving Penalties For Not Filing During Covid, If.... Episode 29, Ron Cohen

Episode 22, Joe Manchin Blocks The Build Back Better Bill Again

In this episode we cover, how Joe Manchin blocks …

IRS Budget On Steroids!

Episode 21: IRS Budget On Steroids!

In this episode we cover The New Retirement Bill, the Higher IRS Budget Proposal, the attempt to take away the “John Edwards” rule for S Corporations and other entities, Truckers and AB5.   Tax Update with Ron · Episode 21 The IRS is Getting a Funding Increase   Transcript: Hello and welcome. This is Ron…

The IRS is Getting a Funding Increase, Episode 21 with Ron Cohen

The IRS is Getting a Funding Increase, Episode 21 with Ron Cohen

In This episode we cover The New Retirement Bill,…

Is The Warriors' Approach to The NBA Draft Too Cute?

Is The Warriors’ Risky Approach to The NBA Draft Too Cute?

Is the Warriors’ approach to the NBA draft crazy, are they trying to be too cute, or is there a method to their madness?   For me, this question led to an epiphany as I considered their risky reach, selecting Patrick Baldwin Jr (PBJ) with their first round selection in the 2022 NBA draft.  A player…