“These delays are particularly challenging for low-income taxpayers who may rely on these refunds to pay their day-to-day living expenses or expenses accrued throughout the year, such as medical bills. In addition, these identity theft victims may struggle to secure certain kinds of loans,...
Identity Theft As was previously mentioned, identity theft is a big deal to the IRS. They devote a considerable amount of time and resources to the investigation of these cases, which page 10 of their annual report defines as someone using the “Name, Social Security Number, address,” or o...
Identity theft is one of the most widespread crimes in the world, with a new victim being targeted every two seconds. If this happens to you, know that the IRS has security measures in place to help you. Please read on to learn more about when and how to report identity theft. Signs ...
What the scammer hopes is that you will recognize the EFTPS. This is a real system used by the government for electronically paying your taxes. Through the US Department of Treasury, tax payment through the EFTPS is free of charge. There is no purchase required to make from a debit prepaid...
Dep’t of Justice, Stolen Identity Refund Fraud. The Department of Justice provides links to dozens of cases involving tax refund fraud.[6]Id.[7]IRS Form SS-4 is an application used to request a Federal Employer Identification Number, the unique number that the IRS...
The IRS sent out an ominous message late last month telling company human resource and payroll departments to watch out. The agency received reports that a scam, first detected last year, has been revived and potentially could expose innumerable employees to tax identity theft. It’s a multibill...
About Identity.com Related Posts Introduction: Exploring the Impact of Digital Assets on Global Finance On August 25, 2023, the US Treasury Department and IRS proposed new regulations for digital assets, set to take effect on January 1, 2025. These regulations aim to bring the tax reporting for...
identity theft cases and issue refunds to the affected victims in fiscal year 2024 was two years, according the National Taxpayer Advocate’s 2024 annual report to Congress, issued today. These delays impacted nearly half a million taxpayers, noted National Taxpayer Advocate (NTA) Erin M. Collins...
Problem: The IRS—not eFile.com—rejected your tax return because the Identity Protection Personal Identification Number (IP-PIN) you entered was not valid. Solution: You can obtain a new IP-PIN here: https://www.irs.gov/identity-theft-fraud-scams/get-an-identity-protection-pin If you can...
In those ensuing years, the number of cases of stolen identity refund fraud has risen from 51,000 to nearly three million. Wifredo Ferrer: In the year 2012, the Department of Treasury's inspector general predicted that by the year 2016, IRS will be hemorrhaging, and losing $21 billion due...