Levins Tax Law
Schedule your initial consultation:
866-485-7019

Crackdown on identity theft and tax fraud

While many federal workers in Massachusetts and elsewhere were furloughed in the beginning of October as a result of the federal government shutdown, many federal law enforcement agents were working to crack an alleged tax fraud scheme centered in South Florida. As a result of the investigation, 45 individuals are facing charges for various tax crimes in 30 different cases.

The majority of charges are for tax refund fraud and identity theft, two areas that are being given top priority by the Internal Revenue Service. The Service has increased enforcement to prevent this fraud, and in 2012 stopped $20 billion in fraudulent refunds from being processed. It is predicted that the IRS could issue up to $21 billion in fraudulent tax refunds by 2018.

Law enforcement agencies involved allege that they prevented $40 million in losses from occurring. One such agency was the South Florida Identity Theft Tax Fraud Strike Force, a group that was organized in 2012 to establish a partnership between local, state and federal agencies. This organization has charged 269 defendants with identity theft since its inception. The 45 individuals are accused of stealing in excess of 20,000 identities. Authorities allege that the identity thefts caused more than $11.5 million to be lost through fraudulent tax returns.

A Massachusetts tax attorney may be able to help a client who has been imposed penalties by the Internal Revenue Service for underpayments or failure to file income tax returns. The attorney may be able to help negotiate and prepare a settlement agreement that will allow the client to make periodic payments and avoid further sanctions.

Source: Forbes, "Massive Tax Fraud Takedown During Government Shutdown", Kelly Phillips Erb, October 21, 2013

No Comments

Leave a comment
Comment Information
Email Us For a Response

Resolve Your Tax Problems

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Framingham Office
1671 Worcester Road
Suite 304
Framingham, MA 01701

Framingham Tax Law Office

Boston Office
38 Newbury Street
6th Floor
Boston, MA 02116

Boston Tax Law Office

By Appointment Only