How to prevent refund season from becoming fraud season
By Adam Twombly, as appeared in The Hill For many years now, tax season has increasingly become fraud season as fraudsters and unscrupulous preparers find new and exploitative ways to steal from American taxpayers – almost $30 billion just from identity theft alone according to the Internal Revenue Service (IRS). As small business tax… Read More
Statement: IRS Working Group on Identity Theft and Refund Fraud
At the invitation of IRS Commissioner John Koskinen, H&R Block president and CEO Bill Cobb participated in today’s working group addressing the challenges of identity theft and refund fraud. Representatives from the tax industry and state tax administrators also joined the working group. After the meeting, Cobb thanked Commissioner… Read More
Survey: More Taxpayers Willing to Confirm ID, Answer More Questions to Combat Tax Fraud
Consumers willing to providing additional documentation, request tax preparers meet minimum standards A survey from H&R Block, the world’s largest consumer tax services provider, found that 96 percent of consumers are willing to take action to combat tax fraud. Some of the top responses include answering additional questions on their… Read More
Up to 1 in 6 Impacted by Expired Tax Benefits
Lynn Ebel, tax attorney at The Tax Institute, talks with the H&R Block newsroom about the impact expired tax benefits will have on taxpayers in 2015, including on teachers, students, homeowners and retirees.