Kristina Melomed

How Financial Institutions Can Combat Growing Tax-Prep Fraud

By Kristina Melomed | February 13, 2019

Tax return preparer fraud is an area of increasing concern for the Internal Revenue Service (IRS). The IRS defines tax return preparer fraud as the preparation and filing of false income tax returns containing inflated personal or business expenses, false deductions, unpermitted credits, or excessive exemptions. Unscrupulous preparers may either steal the refund outright, charge a fee based on a percentage of the refund, or collude with the taxpayer to split the proceeds. With return…

Read More

Categories

Twitter Feed

Wondering how to protect your financial institution from handling money from marijuana sales? Listen to this entertaining and informative podcast to find out. hubs.ly/H0hX1b80

Yesterday from AML RightSource's Twitter via HubSpot