IRS Publicizes Tax Scams

The IRS's Criminal Investigation unit (CI) has launched a new area of the IRS web site dedicated to providing information about tax scams and fraud schemes.

The Criminal Investigation unit is the law enforcement arm of the IRS. CI cites its mission as serving the American public by investigating potential criminal violations of the Internal Revenue Code and related financial crimes in a manner that fosters confidence in the tax system and compliance with the law.

The site includes reports of fraud schemes that are currently in the press, such as the African American Tax Refund Scam whereby African Americans are being offered reparations for slavery in the form of tax refunds and credits, and the Social Security Refund Hoax, whereby taxpayers are being offered an opportunity to receive tax refunds for Social Security taxes they have paid during their lifetimes.

In scams such as these, taxpayers are asked to pay a nominal fee to have someone prepare the forms and paperwork to apply for the refund, where no such refund actually exists.

Information about these and other scams will continue to be made available at the new Criminal Investigation site. Citizens are encouraged to report suspected tax scams to the CI unit by calling 1-800-829-0433.

You may like these other stories...

The Republican-led House of Representatives is expected to pass a bill this week that would permanently extend the bonus depreciation tax break. But don’t expect President Obama to sign it.The Obama administration said...
Washington D.C., our nation's capital, is the healthiest city in the country, according to a new report from USA Today. But now it's going to cost politicos on the Hill and Gen-Xers in Foggy Bottom a little extra to...
Credit Suisse says pension assets at risk unless court delays sentencingJohn Letzing of the Wall Street Journal reported on Wednesday that Credit Suisse Group AG says its management of billions of dollars in assets for...

Upcoming CPE Webinars

Jul 16
Hand off work to others with finesse and success. Kristen Rampe, CPA will share how to ensure delegated work is properly handled from start to finish in this content-rich one hour webinar.
Jul 17
This webcast will cover the preparation of the statement of cash flows and focus on accounting and disclosure policies for other important issues described below.
Jul 23
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.