News & Analysis as of

Internal Revenue Service Fraud Scams

The United States Internal Revenue Service is a bureau of the United States Department of the Treasury. The IRS is charged with collecting revenue and enforcing the Internal Revenue Code.  
K2 Integrity

Don’t Let Cyber Scams Ruin the Holidays: Keep the Holiday Season Festive for Your Organization

K2 Integrity on

“It’s the most wonderful time of the year”—or is it? Unfortunately, it can be the most wonderful time for criminals, who try to prey on financial generosity through scams and frauds. Extra vigilance is needed during the...more

Adler Pollock & Sheehan P.C.

Beware of Inheritance Scams

Whenever large sums of money are involved, don’t be surprised if scammers come out of the woodwork. This is especially true today, as criminals have a variety of tools at their disposal, such as phishing emails, designed to...more

Foodman CPAs & Advisors

Organizaciones Benéficas Falsas: Advertencia De Estafa

Foodman CPAs & Advisors on

El 23/10/23, el IRS emitió una advertencia a los contribuyentes sobre las estafas de organizaciones benéficas falsas y cómo los donantes desprevenidos pueden en realidad estar contribuyendo a organizaciones benéficas falsas y...more

Foodman CPAs & Advisors

Fake Charities Scam Warning

Foodman CPAs & Advisors on

On 10/23/23, the IRS issued a warning to taxpayers regarding Fake Charities scams and how unsuspecting donors may actually be contributing to fake charities and not be able to deduct donations on their tax returns despite the...more

ASKramer Law

Digital Asset Theft Loss Deductions are More Complicated Than You Think

ASKramer Law on

Taxpayers can take a tax deduction with respect to “theft” losses that result from an illegal “taking of property” done with criminal intent. Among various other types of criminal activities, fraud is treated as theft under...more

BakerHostetler

Crypto and NFT Firms Make Announcements; Treasury Interprets Crypto Reports; Crypto Enforcement Actions by CFTC, SEC, IRS, DOJ and...

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Exchange Reaches Agreement to Sell Assets; New Crypto Products Launch - In a press release this week, Voyager Digital, a cryptocurrency exchange that recently filed for Chapter 11 bankruptcy, announced that it selected the...more

Wiley Rein LLP

FTC Seeks Comment on Proposed Rule Prohibiting Impersonation Scams

Wiley Rein LLP on

On September 15, 2022, the Federal Trade Commission (FTC) issued a Notice of Proposed Rulemaking (NPRM) to promulgate a “Rule on Impersonation of Government and Businesses,” which would prohibit the impersonation of...more

Robinson+Cole Data Privacy + Security Insider

Beware of Fundraising Scams Following Hurricane Harvey

Following the catastrophic flooding caused by Hurricane Harvey in the Gulf Coast, many local and national nonprofits quickly mobilized to respond to survivors’ immediate needs and begin planning for the long-term recovery of...more

Polsinelli

Regulators' Actions Against Charities that Swindled $187 Million from Donors Serve as Compliance Reminder

Polsinelli on

On May 18, 2015, the Federal Trade Commission (FTC) and 58 agencies from all 50 states and the District of Columbia filed a complaint charging four cancer charities and the individuals controlling them with allegedly...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Watch Out! Telephone Scams Targeting Foreign Nationals on the Rise

In recent weeks there has been an increase in telephone scams that are designed to fraudulently elicit money and personal information from foreign nationals. U.S. Citizenship and Immigration Services (USCIS) has warned...more

BakerHostetler

IRS Issues Warnings about Email and Telephone Tax Scams

BakerHostetler on

As the 2014 tax filing season progresses the Internal Revenue Service has issued warnings to taxpayers about convincing fraudulent email messages and telephone calls seeking payments or personal information that will enable...more

Burr & Forman

Burr Alert: Filer Beware - The Growth Of Fraudulent Tax Returns

Burr & Forman on

The filing of fraudulent tax returns resulting from identity theft is a growing business in America. If it wasn't bad enough that the criminals would try to get money out of your bank or use the information to purchase goods...more

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