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 Biden Administration Corporate Tax Proposal

Impact Payments For Deceased People & PPP’s 8 Week Spending Problem

Forbes: The IRS Wants Its Money Back – Stimulus C…

The Biden Administration Corporate Tax Proposal

2020 Deficits and Potential Payroll Tax Holiday

California Health Insurance Penalty:
https://www.…

We Need a Little George Washington in All of Us

We Need a Little George Washington in All of Us

Dear Clients and friends,Feel free to send us a feedback (opens in a new window) We need a little George Washington in all of us.  After much negotiation in Congress and with the Administration, “President Trump on Friday signed legislation providing $484 billion to replenish a popular small business lending program and support hospitals and COVID-19…

Joe McNulty

Joe McNulty-Estate Planning with Sports Franchises

Joe McNulty-Estate Planning with Sports Franchises, transcript of interview with Alan Olsen, host of the American Dreams Show: Alan Olsen: Welcome back. I’m sitting here today with Joe McNulty. Welcome to today’s show. Joe McNulty: Thank you. Alan Olsen: So Joe, you’re an accountant, a CPA, but for the listeners, can you give some background…