Tax Fraud Identity Theft: Case Study

According to the Federal Trade Commission Identity theft is the fastest growing crime in the United States of America. They estimated that 10 million people a year are victimized by the crime which comes out to about 19 people per minute are becoming victims of this crime. Given these extremely worrying statistics it has never been more important to be informed about the crime of identity theft and how to avoid it in your daily life especially as more schemes and ways to unknowingly forfeit your information are introduced with the prevalence of the World Wide Web (www, w3). More than just knowledge of the crime of identity theft it is also important to know what protections you can set to help protect your information. Also, given the amount of businesses and organizations, and the various vulnerabilities that their systems may have, that must have access and know significant information about your life it is also invaluable to understand how to recover from your information being lost. This paper will be used to inform about this growing crime including what identity theft is and the different types that exist, what information is most important to protect, what you can do to avoid it, how to recover from it and what that may entail, and how this applies to the field of computer science and what should be looked for when building systems, and different kinds of attacks that can happen.

We also admit, that the rapport and trust we have in you over the years made us a little complacent. We did not thoroughly double check the information we received from Hinkle (but we didn't have a lot of information to review, we turned over all the original documents over the Hinkle), so we don't know what was scanned; nor what was or could be missing. Thusly; processing of our taxes was different that what we had done in the past. Additionally it was Hinkle that signed the final 1040 forms in lieu of you. Again, a lot of newness and change.

The amount listed is the enrollment agreement was 10,020.00 which gives a difference of :

In April of 2015, Elizabeth filed a joint tax return with her husband Gary. Both spouses are 67 years old and have no dependents. After filing their tax return, Elizabeth realized that Gary has 500,000 of embezzled funds in a bank account that she was unaware of. Although the embezzled funds earned $25,000 of interest, they were not reported on the couple’s 2014 tax return. The following income and deductions were reported on the tax return.

They want to prevent taxes being filed using stolen identities and refunds being issued to these people. During the 2016 tax season, they saw an improvements in the telephone service in stopping identity theft. Koskinen believed that thieves were only getting smarter and finding a way to adapt. One way they are working to reduce false positives in suspect returns is by using a 16 digit verification code on the W-2 forms.

The taxpayer requests an appeal of the findings of the IRS to the Appeals Office.

R/O was able to make contact with the suspect who stated that the comp did ask her to complete his taxes. The susp continued that the money has not yet been deposited in her bank account and the money was agreed to be deposited in her bank account so the comp could get the money faster. The susp stated that the comp does not have

What is the proper tax treatment of this information on their tax return using the Tax Court method?

On 08/20/2015, Kimberlyna Edge contacted Pasco Sheriff`s Office by telephone to report a delayed vehicle burglary and grand theft.

Many organizations have been in the news over the past few years due to accounting ethical breaches that have affected their customers, employees, and the general public. I searched the Internet to locate a story in the news that depicts an accounting ethical breach. I selected Krispy Kreme. I enjoy their hot donuts and was curious to learn more about how they played with the numbers. For some reason I always want to dig into the trickery behind the manipulation of financial statements.

The video “Cooking the Books” discussed the ZZZZ Best case of fraud, it tells how and why fraud was perpetrated by Barry Minkow and why it was undetected for so long. According to the video, ZZZZ Best was founded by Barry Minkow in 1982; when he was sixteen years old, it started as a carpet cleaning company. But, due to high competition in the industry, low entry barriers, and bad internal control, this young entrepreneur started to have cash flow problems, thus creating a shortage of working capital. As a result of the financial pressure, he started to commit fraud by creating false accounts receivable and sales, false documents (using photocopies of real

Computer crimes can be defined as “the unauthorized use of a computer for personal gain, as in the illegal transfer of funds or to alter the data or property of others (Dictionary.com.)” Some examples of computer crimes are identity theft, transaction fraud, hacking, and piracy (Opposing News.) One aspect of a computer crime that I will cover in this exam is identity theft. The Department of Justice defines identity theft and identity fraud as “terms used to refer to all types of crime in which someone wrongfully obtains and uses another person's personal data in some way that involves fraud or deception, typically for economic gain (Department of Justice.)” Information that can be used to aid in the theft of your identity includes personally identifiable information (PII.) PII can be best described as “data that could potentially be used to identify a specific person;” which includes information such as your date of birth, social security number, address and mother’s maiden name (Rouse 2014.) In the wrong hands, this information enables someone to steal your identity and leave you financially responsible for the actions taken by the thief.

This paper identifies the case study of the UK National Identity Card which was introduced in 2002 to help law enforcement, private, and public sectors in a fight against identity theft and terrorism. Criminals have used identity theft has been used to commit other crimes that have also become a problem which has led to terrorism attacks. The numerous crimes that have risen from identity theft are tax evasion, overpaid taxes, passport fraud, credit card fraud, and imposters performing terrorist attacks. The increase of identity theft has led investigators to the Internet were 80% of identity theft is being performed online. A new solution has begun to update the identity card with the EMV (EuroPay, MasterCard, Visa) Chip to store the individual’s information since the EMV chip on credit cards has done some success in shrinking the amount on fraud that have occurred.

The definition of fraud is “an intentional deception or deceit, perpetrated for profit or to gain some unfair or dishonest advantage” (dictionary.com). Fraud is a breach of law and can be punishable by law. Mortgage fraud is one of the financial crimes where a company materially misrepresents or omits information on its mortgage loan documentation in order to secure a loan larger than what is actually required for the business. It could be perpetrated by one or more participants, including the borrower, real estate agent, loan officer, appraiser or multiple related parties. Fraud not only destroys a

A business can not work out without an account system, which includes internal. Internal controls are used by companies to make sure financial information is accurate and valid. Strong internal controls are signs of a financially healthy company and protect the company’s integrity. Strong internal controls can also increase a company’s profitability. There are several types of internal controls that companies used to protect themselves such as: Segregation of duties, asset purchases, supervisor review, internal audits and adequate documents and records. This paper will discuss several topics from a case study about And the Fraud