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 Not a Bully

The IRS is Not a Bully

The IRS is not a bully.  To stop the harassment, did a parent ever tell you to poke the neighborhood bully in the nose? How’d that work out for you? It was effective but painful, right? I know. Without question, the IRS is an important part of our government and absolutely vital to its success…

The Biden Administration Corporate Tax Proposal

Cryptocurrency, US National Debt & IRS Scam Calls 01.29.19

Join us this week as we discuss how the IRS is tr…

Ankur Gupta: The Higher Cause of Medical Research

Ankur Gupta: The Higher Cause of Medical Research

So I was born raised in Texas, but made my way over to the farm maybe 2004 when I started undergrad at Stanford…

Matt Garibaldi, self storage, Alan Olsen

Matt Garibaldi | The Self Storage Market

Matt is the President of FollettUSA and Founder / President of Storage Star. FollettUSA is a California-based boutique real estate firm investing in high quality income-producing properties with the goal of generating tax-efficient income, long-term equity capital appreciation, wealth preservation, and estate planning efficiency. FollettUSA invests primarily in two core assets classes — manufactured home communities and self-storage facilities — with a long track record of exceeding investor