Tax fraud cheats the government out of millions of dollars every year and is punishable by fines, penalties, interest, or prison time. Generally, an entity is not considered to be guilty of tax evasion unless the failure to pay is deemed intentional. Tax fraud does not include mistakes or a...
The early due dates allow the IRS to verify income that individuals report on their tax returns. This helps the IRS detect refund fraud more easily. See more on the types of 1099 forms below. What are some of the most common types of 1099 Forms?
If you receive a 1099-K form, it generally includes the gross amount of all the reportable payment transactions from the platform (payment settlement entity) . The platform or app you used will send two copies of your 1099-K information. One is for you, so you can prepare your tax return...
Form 1099-G is used to report government payments like unemployment compensation and state or local income tax refunds. Learn what details are included on the form, when you should expect to receive it, and how to report this income on your tax return.
Home title theft: What is it and how to protect yourself Home title theft is a form of real estate fraud where someone transfers the property to their name. Learn what you should do in the event of home title theft. Continue, Home title theft: What is it and how to protect yourself...
The Sales and Use Tax is an essential part of Puerto Rico's revenue profile. Effective only recently (November 15, 2006) the Impuesto a las Ventas y Uso (IVU)doi:10.2139/ssrn.1402702Richard Thompson AinsworthSocial Science Electronic Publishingo Richard T. Ainsworth, Tax Fraud in the Sales ...
Friendly fraud chargebacks. Whereas chargebacks were set up to protect the customer from negligent merchants to a large extent the tables have turned: merchants are losing significant sums of money being defrauded by their own customers. So the term ‘friendly fraud’ chargebacks is misleading, bu...
Corporate fraud is the broad category of illegal activities carried out by a company or individuals within it. Accounting fraud falls under this umbrella.Corporate fraudalso includes insider trading, bribery, money laundering, tax evasion, and other forms of financial and nonfinancial misconduct. A ...
When placing your order, make sure that the check stock is designed to prevent fraud, uses ink that can be interpreted by bank check readers and has all of the necessary information. Most will display your business name, the employee’s name and address, the check number and date, and ...
Refund fraudis a broader term that encompasses different types of scams aimed at deceiving a company, government, or financial institution into issuing a refund or reimbursement to the fraudulent actor, who is not entitled to it. Refund fraud can occur in many contexts, such as tax refunds, ch...