Review Category : Crime

Four Tax Scams You Should Know Before You File

How many of you have received this type of e-mail at one point in your life . . . DEAR SIR or MADAM, MY AIM OF CONTACTING YOU IS TO SEEK YOUR ASSISTANCE IN TRANSFERRING THE SUM OF THIRTY FIVE MILLION UNITED STATES DOLLARS ONLY (US$35,000,000) OUT OF NIGERIA AND INTO YOUR TRUSTED BANK ACCOUNT ABROAD. THESE FUNDS WERE PART OF THE FUNDS, WHICH WAS FOUND IN HER LATE HUSBAND’S PRIVATE ROOM. IMMEDIATELY AFTER HIS SUDDEN DEATH LAST YEAR AND SHE QUICKLY INFORMED ME, SINCE I VIRTUALLY RUN MOST OF HER SECRET BUSINESS BOTH HERE IN NIGERIA AND OVERSEAS, AS SHE HAS A LOT OF CONFIDENCE IN ME AND FORTUNATELY WITH MY IMMEDIATE ASSISTANCE, AND CONTACT WE WERE ABLE TO DEPOSIT THE MONEY IN A SECURITY VAULT PENDING WHEN THE WHOLE SITUATION WILL BE CALM. These scams were known at the Nigerian Scam letters, and most consumers know that if they received these types of e-mails they should immediately delete ...

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HELP! Someone Filed A Tax Return In My Name!

With the deadline looming for taxpayers, the crunch will be on for people scrambling to get their final documents together and submit their official tax return. Imagine this scenario. You submit your tax return only to receive a rejection notice from the IRS several weeks later saying that they have already received a tax return submitted by you already. How’s that for a situation that is sure to rock your world. Unfortunately, in today’s world all you really need are some social security numbers and the internet to start winning at the tax return identity theft game.  According to TIME Magazine, in 2013 alone more than 5.8 Billion in refunds were issued to criminals who were using other people’s personal information.  The scale, scope, and execution of these fraud schemes have grown substantially in size. What should you do if someone stole your tax refund? Don’t panic. You will likely only figure this out after the IRS rejects your ‘real’ ...

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Don’t Get Social With Your Social Security Number

If someone gets their hands on your social security number, they can wreak havoc on your life by using your social security number illegally and assuming your identity to create numerous financial problems.   When it comes to protecting you against items such as identity theft and tax fraud, keeping your social security number sacred is in my opinion the number one priority for confidentiality within your records. Tax Returns- We have seen this type of theft escalate in droves over the past five years.  Someone who grabs your social security number can file a tax return in your social security number and get your refund before you even file a tax return.  In fact, you won’t even find out until you actually try to file your own return. Getting Credit- Once a thief has your social security number, they can easily complete an application for credit.   Retailers make huge money off of store based credit cards, so this is a ...

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