Broken Hearts, Empty Wallets: IRS and DOJ Combat Elder Fraud Over $4.89 billion in total annual losses were reported by victims over the age of 60 in 2024. This is up 43% over previous estimates. Typical elder fraud scams include Pig Butchering, in which senior citizens lost over $1.6 billion to
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What’s Really Happening in Tax Return Identity Theft?
Ever wonder how tax return identity theft got to be such a big problem? Here’s the background. Employers are required to distribute annual W-2 Wage and Income Statements to all employees by January 31st of each year, for the previous year. This gives the taxpayers enough time to put together their
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Scammers Impersonate IRS Agents, Call & Threaten Taxpayers
Some of our clients and business associates have contacted us regarding telephone calls they have received regarding outstanding tax liabilities. These calls are actually coming from scammers, who pretend to be IRS agents and demand payments immediately or the taxpayer is threatened with bank seizures,
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