Sentences with phrase «with fraudulent tax returns»

The deadline to file your taxes is rapidly approaching, but cyber criminals have already been hard at work trying to cash in with fraudulent tax returns.

Not exact matches

The scammers follow up with the taxpayer, either posing as the IRS or debt collectors demanding the return of the fraudulent tax refund.

Notably, the White House administration has delayed implementation of the income verification rules, leaving income verification for now on the «honor system» (with random checks of a statistically significant sample to verify compliance), but raising concern from many that there may be a higher incidence of fraudulent income reporting to qualify for the subsidy in the coming year (though ultimately, inappropriately reported amounts could still be recaptured by the Federal government when the subsequent tax return is filed later, as discussed below, limiting the potential scope of any fraud).

They may even engage in more specific activities, such as using your identity to file for a fraudulent income tax return, or participate in a mortgage scheme that enables them to run off with large amounts of money after the closing.

Criminals can do plenty with all that: Take out loans, run up credit card bills, file fraudulent tax returns, create synthetic IDs.

Identified fraudulent activity on customer's tax return by being proficient with all fraud systems used for assigned job functions

However, the reason that most experts recommend that you keep the returns indefinitely is because the IRS can determine at any time that a return is false, or fraudulent with the intent to evade tax, and therefore order an audit.