Why do people fall for scams? Scams are as old as the human condition. Research has suggested that might be due to a biological explanation, but psychologists have been studying people’s responses to scams and potential scams — and the results offer insights that may help prevent people from falling… Continue Reading..
Last week, we didn't have enough money in our client's account to pay her assisted living bill, so we sent a report of expenses to her son, who is also her power of attorney. We noticed that there was a check for $10,000 payable to the granddaughter (“Becca”) of my… Continue Reading..
Memorial Day weekend was a busy one for me, with calls from banks and clients investigating and asking about potential fraud. First I got a call from someone at Citibank asking about some checks that were presented for large sums on a client’s account. They wanted to know if they… Continue Reading..
The following alert is republished from an IRS webpage that can be found here. Taxpayers need to watch out for identity theft especially around tax time. The IRS continues to aggressively pursue the criminals that file fraudulent returns using someone else’s Social Security number. Though the agency is making progress… Continue Reading..
I try to be as comprehensive as possible with my posts, but the fact of the matter is that I often find out more on a topic after I’ve written about it. Tax fraud, in particular, is a vast and sprawling criminal industry in which innovators are constantly perfecting their… Continue Reading..
In a cloak-and-dagger caper reaching from Eastern Europe to the Virginia suburbs of Washington, DC, the nation and the world witnessed the most highly publicized case of phishing ever to come to light. It was during last year’s presidential campaign when 10 years of emails from Hillary Clinton’s campaign chairman,… Continue Reading..
One of my clients is actually two people: a husband and wife team who each have a physical disabiIity. As a result, they have come to depend on home health aides to help them with their medical One of my clients is actually two people: a husband and wife team… Continue Reading..
Tax Fraud Alert: Recently reports have begun to trickle in about taxpayers receiving IRS Letter 5071C. Letter 5071C is a standard letter issued by the IRS when it needs taxpayers to confirm personal information. If you receive Letter 5071C, there will be contact information for the agency’s new Identity Verification… Continue Reading..
Many people make charitable contributions at the end of the year for tax purposes, and many simply want to do good. Which of these people are you encouraging your children to become? The incentive-based, quid pro quo motivations for charity are ideally suited for younger children. When all they can… Continue Reading..
Being vigilant about your privacy is a necessity in today’s world, and nothing is more important to protect than your Social Security number. Unfortunately, many businesses - and the federal government - are not as careful with citizens’ numbers as they should be. While colleges and universities have ceased using… Continue Reading..