Tax Rebate Scam Comes Up Short

A company offering to provide a calculation of the federal income tax rebate for a nominal fee is the subject of a complaint filed by the U.S. Postal Service.

According to a report at the New York State Society of CPAs' Web site, the Postal Service is alleging federal mail fraud, which carries a fine of up to $1 million.

The Postal Service has discontinued mail service to the company's address in Florida and is seeking to attach the company's Massachusetts address in the complaint as well.

Information about the tax rebate amounts and the payment schedule is available for free from the IRS (not to mention from AccountingWEB).

In a scam described recently, someone is sending official-looking cards and letters to taxpayers implying that a fee is required in order for the rebate check to be processed.

You may like these other stories...

Renaissance avoided more than $6 billion tax, report saysThe Senate Permanent Subcommittee on Investigations said on Monday that a Renaissance Technologies LLC hedge fund’s investors probably avoided more than $6...
A new Gallup survey found that 58 percent of smokers in the United States see increased state and federal taxes on cigarettes as an act of unjust discrimination, while 39 percent believe the tax hikes are justified.The...
Liberal groups object to bill barring taxes on Internet accessThe Internet Tax Freedom Act hasn’t been a controversial bill. In fact, it’s so popular that senators are seeking to pair it up with a far more...

Upcoming CPE Webinars

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.
Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.