H&R Block Newsroom (fraud)
2017
June
28,
2017
After joining the Electronic Tax Administration Advisory Committee (ETAAC) in October, Kathy Pickering and the 17 other industry leaders on the Committee released 22 recommendations for combating tax identity theft and stolen identity refund fraud (S...
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June
01,
2017
Each year, taxpayers make a reasonable attempt to comply with the tax law for a few reasons. In an IRS Oversight Board survey, taxpayers identified third-party information reporting (62 percent), the fear of an audit (59 percent) and belief that othe...
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January
31,
2017
Tax identity theft is a billion-dollar business. In 2013, the IRS identified 5.1 million fraudulent returns and paid more than $5.8 billion in fraudulent refunds. Unfortunately, it’s a relatively easy crime to commit. All the information a crimina...
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January
30,
2017
Tax Identity Theft Awareness Week, which is Jan. 30 to Feb. 3 this year, educates consumers about protecting themselves and recovering from these crimes. H&R Block (NYSE: HRB) has the industry’s only tax preparation-specific products to help better p...
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January
03,
2017
H&R Block (NYSE: HRB), the nation’s largest consumer assisted tax preparation company, has opened its 10,000 offices nationwide to serve clients for the 2017 tax season. This tax season, some taxpayers will face a delay in getting their tax refund...
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2016
December
06,
2016
Yesterday began National Tax Security Awareness Week, a week sponsored by the Internal Revenue Service (IRS) and dedicated to bringing increased awareness and understanding to the issues of tax security and fraud. Tax identity thieves steal billio...
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November
15,
2016
As many as 15 million taxpayers could have their refunds delayed until at least February 15 next year, according to an analysis by H&R Block (NYSE: HRB), a leading consumer tax preparation company. The Protecting Americans from Tax Hikes (PATH) Act n...
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November
03,
2016
Since this public-private partnership formed some 20 months ago, we have progressed from initial ideas on how to combat tax refund fraud, to developing clear operating concepts, and now, to executing concrete measures that are materially impacting th...
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October
31,
2016
A ghost preparer is someone who charges clients to prepare a tax return but does not have a preparer tax identification number (PTIN) with the IRS. That may not sound menacing enough to send a chill down one’s spine, but a ghost preparer can do more ...
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June
28,
2016
In the 16 months since IRS Commissioner Koskinen first established this public-private partnership, much progress has been made to help prevent fraudsters from stealing taxpayer refunds. From improvements on information-sharing, to new authentication...
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April
14,
2016
Tax identity theft is the largest growing area of identity theft crimes. Each year, thieves attempt to use taxpayer information to file millions of fraudulent tax returns and receive a refund. The U.S. Treasury loses billions of dollars annually to t...
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April
13,
2016
This “report” from the Progressive Policy Institute is not worth the paper it was written on. It is a highly-biased work co-authored by Paul Weinstein, who, by the way, presented as a speaker at an Intuit-sponsored forum in January 2015. Intuit is th...
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March
16,
2016
As the world’s largest consumer tax services provider offering both assisted and do-it-yourself tax preparation, H&R Block’s (NYSE: HRB) unique insight into tax questions raised during the tax-filing process reveals ongoing confusion about the Afford...
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March
10,
2016
Taxes are supposed to be one of the only things in life that are certain, but taxes change every year. When something changes on a state return, it can sometimes fly under the radar, leading taxpayers to make mistakes and leave money on the table. Th...
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February
18,
2016
With just two months left to file their tax returns, taxpayers have to deal with increased tax identity theft risks and prevention measures, new health insurance documents, plus trying to ensure they get the most they’re entitled to. While the only c...
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January
25,
2016
Stolen tax identify refund fraud is a million dollar business – for the fraudsters. In 2013, the last year of available statistics, the IRS identified almost 3 million potential fraudulent returns. That same year there was more than $5 billion paid o...
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January
08,
2016
Some call it tax season, but at H&R Block it’s refund season and it has already started. H&R Block offices are open and ready to help taxpayers navigate refund season 2016. In addition to understanding how their major life changes – things like getti...
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2015
December
10,
2015
While H&R Block (NYSE: HRB) did not fall victim to the wide-scale online tax refund fraud that hit others in the industry last tax season the company has, nonetheless, helped lead the way for assisted and do-it-yourself tax preparation companies to c...
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November
19,
2015
As the world’s largest tax preparation company, at H&R Block, the privacy and security of our tax office and do-it-yourself clients’ personal information is very important. We are proud to be part of the IRS and State working groups to help combat id...
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October
20,
2015
Eliminating fraud from the tax preparation industry cannot be accomplished in a few months – this is a multi-year effort. But, under the leadership of IRS Commissioner John Koskinen, we have proven a public-private partnership can work and progress c...
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September
21,
2015
A recent government report validated much of what H&R Block has championed for the past few years: Taxpayers who do not receive detailed guidance to claim the Earned Income Tax Credit (EITC) are 34 times more likely to make an error in claiming the c...
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August
24,
2015
Recent media coverage around H&R Block and the Earned Income Tax Credit (EITC) is misleading and diverts attention from the real issues. This is not about competitive business interests. It’s about reducing fraud and protecting the future of the EITC...
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June
11,
2015
“I am pleased to announce that H&R Block has signed the Memorandum of Understanding, along with other members of the industry. The MOU documents the agreements of the broad-based working group on detecting and mitigating identity theft tax refund...
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March
26,
2015
By Alan 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 id...
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March
19,
2015
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 adminis...
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March
17,
2015
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 returns, providi...
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March
04,
2015
H&R Block, Inc. (NYSE: HRB), the world’s largest consumer tax services provider, today released its financial results for the fiscal 2015 third quarter ended January 31, 2015 and U.S tax volume through February 28. As a result of an earlier openin...
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March
02,
2015
To kick off National Consumer Protection Week, H&R Block (NYSE: HRB), the world’s largest consumer tax preparation company, has launched an online fraud resource center detailing various tax scams, fraud and improper payment issues while highlighting...
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February
17,
2015
I am writing this letter to bring attention to a growing issue that affects millions of Americans every year: tax fraud. No taxpayer is immune to this growing problem. Last year even Attorney General Eric Holder fell victim to fraud resulting from...
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February
06,
2015
H&R Block is aware of the situation concerning potentially fraudulent state tax returns e-filed through software programs provided by at least one other company. We have no indication this issue exists with H&R Block online state tax returns. H&R Blo...
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