IRS Issues Warning on Fraudulent Unemployment Forms

The latest financial scam involves fraudulent Form 1099-G, which government agencies use to report unemployment compensation. The IRS issued the following notice: “The IRS is urging taxpayers who receive Forms 1099-G for unemployment benefits they did not actually get because of identity theft to contact their appropriate state agency for a corrected form.” States issue Forms 1099-G…

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Tax-Related Identity Theft

Tax-related identity theft occurs when someone uses your stolen Social Security number to file a tax return claiming a fraudulent refund. Often, the first indication that you have been a victim of identity theft is when e-file of your form 1040 is rejected by the IRS because a return has already been filed under your…

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7 Behavioral Red Flags for Internal Fraud

Fraud can be uncovered in many different ways: a tip, management review, internal or external audit, document examination, account reconciliation, or even by accident. In 53 percent of cases, however, someone at the company has noticed something amiss and alerted the company. That means there were clues along the way. It’s easy to miss these…

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Corporate culture: Rotten apples could spoil your financials

Auditors often say that the tone at the top of an organization trickles down to every level of the business. Is your company’s work environment ethical and open? If not, corporate culture assessments can help prevent and detect unethical and criminal behaviors. But, to cover all the bases, your external auditors generally must work closely…

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