Identifying Theft Tax Fraud
What is the most common problem in the country we live in? Tax fraud. It is said to be about 80% of the world is doing it. Every country in the world needs to tax their citizens in order to keep the economy running. That is why we pay for everything in the world, even the lot we park our cars in, when going to public places. As we pay taxes it allows the country to be free of depth, it’s used for government purposes, and also get back to us as well. What is tax fraud? It is when someone pays too little or claiming they make less than what they actually make. Tax fraud can also mean you’re being a victim of an identity theft and stealing from the government using your character. Why do people often do tax fraud?
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Now if they notice that your tax is being filed more than one time a year, this will then raise a red flag and alert you that someone else has been using your social security number. If you get a text or email from someone claiming to be an IRS agent just know that it is not true. If someone uses your social security card to apply for a job, the IRS will get notified and you will not be receiving any tax return fund for that year. People usually question themselves, why do they owe IRS money, but fail to realize that their social security number has fallen on the wrong hands, and is being used by other people. These crimes are usually committed in software like phishing. Phishing is something the thieves use to gather private and personal information, sending fake communication with a real source. They tend to do these things through phone and emailing. These people will call you and ask you for personal information posing as an imposture of the IRS. Even the IRS themselves has never asked for sensitive information like this over the phone or through email. They will mail it to your home which takes approximately 21 days, and if any information is required, they will have a specific number available in the letter to contact them. We as the innocent one should be very cautious when it comes to sensitive information. It is imperative that we examine the …show more content…
It is the people’s choice whether they want the world to break apart or become better. In every country, it will take more than just locking criminals up and charging them with fine for tax fraud. We should create a software that can detect people who break the law by committing fraud. This way the IRS do not have to worry about finding people who do tax fraud. We can also create programs which will reward citizens who stops tax fraud from occurring and alerting the authorities. By doing this, people will think twice about committing crime. Remember that doing tax fraud can get you locked up for a long time and many privileges will be removed from you. First of all, you will lose your job and credibility which will affect your name in public. Then your name will be published on the IRS website, which is really embarrassing to you and your family. After that, you will be arrested and in prison between 3-5 years. Last but not least, you will be charged between $100,000- $500,000 which is about the money you spent in doing fraud. So you have to ask yourself this question, is it worth it doing tax fraud. We all should come together a make a pledge to not cheat the system. By doing this, many people who had the idea of doing so will not, and those who have will stop. The world can soon be tax fraud free, now it is up to you to make a
First, the budget deficit. It’s basically the idea that the government spending is greater that its earning. They are two ways to manage this deficit, either to cut spending (Medicare, Medicaid and social security etc.) or increase taxes. However, each solution has its disadvantages. If the government increased taxes, people will spend less money and if they cut spending, people will complain about it arguing that this may hurt the nation.
Last week, we talked about the IRS Criminal Investigation unit, which just released their Fiscal 2012 report. That report was filled with the sort of dry statistics you would expect from an IRS annual report: 5,125 total investigations launched, 202 crooked tax preparers indicted, 199 identity thieves sent to prison, and 64 months average time behind bars for money launderers. But the report also includes dozens of stories of tax cheats who really just should have known better — and some whose stories are so entertaining we just had to share them. Are you having a bad day? Well, be glad you're not one of these people!
Our current system of taxation is a varied rate percentage based on different income brackets. Many say that it violates our constitutional rights through unequal taxation. Multiple deductions, loopholes, special rates, and a complex system of regulations all characterize our Federal Income Tax System, prompting many to question why it is still being used (Peters, 2013). The current system although bringing in over $3 trillion, taxes income multiple times, and includes the taxing of estate, labor, savings, and investments (National Priorities Project, 2013). The system itself is complex with over 20,000 pages of regulations, requiring a massive filing system, which is set up and maintained by an even larger IRS, requiring over $225 billion in compliance costs (Hall, 2001). One can be hard pressed to find an advantage in the current system, other than the fact that it provides the government with an enormous amount of funds, and it has...
III. I will first go over the principle problems with the flat tax, then talk about our current system’s failures, and finally finish off by offering some reforms to fix our tax code.
Worker's Compensation is a service that provides reimbursement for lost wages to employees who have sustained injuries from work or work-related tasks. It is also one of the services that is most often the victim of fraud. Each of the three types of fraud, claimant, employer, and provider, is defined by the same characteristics, outlined by the Ohio Board of Workers Compensation:
Several legislative codes have been ratified to prevent and deter credit card fraud. Many have been created or modified within the past decade and are enforceable by several agencies, such as the Federal Bureau of Investigation (FBI), United States Secret Service (USSS), and the United States Postal Inspection Service (USPIS). Task forces consisting of federal, state, tribal, and local agencies have been formed throughout the U.S. to increase joint-interagency cooperation among criminal investigators and prosecutors.
that everyone knows about but nobody strives for a solution. Education is a big factor that has to
illiteracy to corruption. The United States, the wealthiest nation on Earth, has the widest gap
Taxes in the United States include payroll taxes, property taxes, sales taxes, and a multitude of others. These taxes may be imposed on individuals, business entities, estates, trusts, or other forms of organizations. In general, there is a lot of inquiry on the current tax system. With endless loopholes, a regressed economy, and corruption there has been widespread anger on the current structure of taxation. Consequently, the wealthy have managed to become even richer despite the economic crisis. Furthermore, many taxpayers in the upper class have found loopholes to avoid substantial taxation or otherwise known as tax evasion. (Stewart 2013) Tax evasion has only grown over the years and with the national debt has become a major issue. What is more, is the intense complexity of the entire taxation process. Addressing all the issues and problems regarding the taxation structure is a meticulous and arduous process. With this in mind, politicians from both parties have tried to address individual issues within the taxation paradigm. Being that the United States has the highest corporate tax in the globe, politicians have tried to change policy regarding taxation on businesses. (Sullivan 2013) How...
Imagine sitting down, doing your taxes and the sinking realization hits that you owe the IRS money. A thousand thoughts flash through your head wondering if they are going to seize your bank account, if you will lose your business or your home or even if you will wind up in jail. But, don't worry just yet, there are several tax relief options available to you.
This article was about the IRS warning people about scammers trying to scam them out of their money, this is a type of fraud because people are stealing millions of dollars from innocent people by tricking them into giving them money they don’t owe. This has been going on for a long time, as soon as someone found out how to make it believable they did it. This article talked about how the IRS scammers are so successful at stealing people’s money. They said they scare people, if I got a call from the IRS saying what the scammers call says I would be scared to. They said in total the scammers have got $23 million.
The disparity between the rich and the poor- This isn’t necessarily at the fault of the rich, but more opportunities need to be presented to those who aren’t wealthy. Frequently people make excuses and claim that opportunities are already there for the poor and that they don’t just work hard but this isn’t the case. While some people may make bad
What is a social problem? A social problem is a problem that affects more than one person in a society. A social problem disrupts the daily life and well being of people in a society. Ryan described a social problem as a problem that affects humans. If a problem affects a human being than it is a social problem. “’What human problem is not a social problem?’” (Ryan 9). Social Problems affect a major part of many individuals’ rights. Some examples of social problems are: sexism, racism, homophobia, and income inequality. In this essay I will be focusing on income inequality and whether this issue is a social problem or an individual problem.
Social problems are a rising problem caused by population growth. One of most well-known problems is the overcrowding of an area. Cities like New York and Washington D.C. are ridiculously crowded. Due to the increase of population in the city, the cost of living is much higher. The unemployment rate is also higher due to the lack of jobs over the amount of people living in the city. This causes for an increase in the crime rate. Criminals all have different motives, and one of the main motives is survival. Banks and stores are constantly robbed due to the high amount of unemployment. Families are stealing just to be able to put food on the table and clothes on their
There are many things wrong with society today. Some of the problems could be easily solved, while others may be impossible to solve. Today, many of the problems we have in society people feel the government should fix seeing as they are in charge. But, many of the problems start and should end with people doing their part as a group and want to make the world a better place for future generations. Not all problems in society can be fixed at once, but with people coming together we can come closer to bettering our society as a whole. Three major problems in society today would be: racism, violence, and immigration.