Norton Scientific Reviews on IRS Warns of Tax Fraud Scam - 0 views
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on IRS latest news Norton Scientific Reviews Warns of Tax Fraud Scam
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Sara Vixen on 12 Apr 12/PeopleBookmarks/ - 4/12/2012 - Norton Scientific Reviews blog gives you the latest update on IRS warning on Tax fraud and other related scams. The US Internal Revenue Service has published their yearly ranking of tax scams, called Dirty Dozen, in an effort to remind taxpayers to be cautious as there are many schemes designed to cheat them this tax period. The list which is compiled by the IRS every year also contains a wide range of common tax scams that people can encounter anytime. But the fraudulent claims usually increase during the time people file their tax returns. Con artists will try to cheat people either through online, email messages, flyers, word of mouth or personal encounter. They are armed with misleading promises about free money or lost refunds. The most complex and accounts for the most number of victims is the case of identity theft. IRS has seen increasing number of such cases where the thieves use legitimate taxpayers' information to file a return and claim a fraudulent refund. A notice from the IRS will usually be sent to a taxpayer if more than one return was filed in his or her name, or if he or she received salary from an unknown employer. Suspicious preparers of return have been known to steal their clients' refunds or charge huge amounts for preparing the return on the client's behalf. They basically draw potential clients by promising guaranteed or increased refunds. A number of federal courts have already issued hundreds of injunctions while the Justice Department has many pending complaints against others. Because of this, taxpayers are warned to choose carefully who to hire as tax preparer. As a preventive measure, every paid preparer are required to have a PTIN (Preparer Tax Identification Number) that he needs to put on the returns he prepares. Scammers typically target the elderly and persons who have low income in order to bring false hopes and charge them for the 'advice'. But victims always end
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Sara Vixen on 12 Apr 12/PeopleBookmarks/ - 4/12/2012 - Norton Scientific Reviews blog gives you the latest update on IRS warning on Tax fraud and other related scams. The US Internal Revenue Service has published their yearly ranking of tax scams, called Dirty Dozen, in an effort to remind taxpayers to be cautious as there are many schemes designed to cheat them this tax period. The list which is compiled by the IRS every year also contains a wide range of common tax scams that people can encounter anytime. But the fraudulent claims usually increase during the time people file their tax returns. Con artists will try to cheat people either through online, email messages, flyers, word of mouth or personal encounter. They are armed with misleading promises about free money or lost refunds. The most complex and accounts for the most number of victims is the case of identity theft. IRS has seen increasing number of such cases where the thieves use legitimate taxpayers' information to file a return and claim a fraudulent refund. A notice from the IRS will usually be sent to a taxpayer if more than one return was filed in his or her name, or if he or she received salary from an unknown employer. Suspicious preparers of return have been known to steal their clients' refunds or charge huge amounts for preparing the return on the client's behalf. They basically draw potential clients by promising guaranteed or increased refunds. A number of federal courts have already issued hundreds of injunctions while the Justice Department has many pending complaints against others. Because of this, taxpayers are warned to choose carefully who to hire as tax preparer. As a preventive measure, every paid preparer are required to have a PTIN (Preparer Tax Identification Number) that he needs to put on the returns he prepares. Scammers typically target the elderly and persons who have low income in order to bring false hopes and charge them for the 'advice'. But victims always end up disappointed a