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

04.29.20 President Trump’s Impact Payment letter & Foreign Pension Trusts

Rev. Proc. 2020-17 on Foreign Pension Trusts and …

Rob Ryan's Sunflower model Building a Billion Dollar Company

Rob Ryan on Scaling Companies with The Sun Flower Model

Rob Ryan on Scaling Companies with The Sun Flower Model About ROB RYAN Rob Ryan founded Ascend Communications in 1989. Rob served as President, CEO, and Chairman of Ascend, taking it public Friday the thirteenth of May, 1994, at $13.00 per share. In 1995 Rob and Terry started Entrepreneur America. Rob gained his first experience…

The Biden Administration Corporate Tax Proposal

IRS Shutdown And SBA Report On Status Of Payroll Protection Loans

Small Business Administration report on status of…

We are Born to Collaborate (Even if Sheltered in Place)

We are Born to Collaborate (Even if Sheltered in Place)

We are Born to Collaborate (Even if Sheltered in Place) Every truly great business achievement is proof that humans are born to collaborate.  As nations, tribes and families, from birth we live with and are cared for by someone.  Later, we work the family farm, business or towards an education, whatever is in our best…