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Refund Fraud

Washington Alert – DOJ & 2 more banks enter deal; Webinar on practicing before IRS; TIGTA report on further review needed to avoid questionable refunds

Washington Alert – DOJ & 2 more banks enter deal; Webinar on practicing before IRS; TIGTA report on further review needed to avoid questionable refunds

The Justice Department (DOJ) announced on Dec. 31 that two additional Swiss banks have reached resolutions under the department’s Swiss Bank Program which provides a path for Swiss banks to resolve potential criminal liabilities in the U.S. Bank Lombard Odier & Co. Ltd. will pay a penalty of $99.8 million, and DZ Privatbank (Schweiz) AG […]

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Washington Alert – EITC due diligence letters; IMSI Catchers & Stingrays; JCT on proposed tax treaty between US & Japan

Washington Alert – EITC due diligence letters; IMSI Catchers & Stingrays; JCT on proposed tax treaty between US & Japan

IRS announced on Oct. 30 that it had recently sent Earned Income Tax Credit (EITC) Due Diligence letters to tax preparers “who submitted incorrect or highly questionable” EITC tax returns over the past year. (QuickAlerts for Tax Professionals) According to the agency, recipients of the letters should understand that the letters are solely informational in […]

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IRS, states, and tax industry provide update on collaboration to fight identity theft refund fraud

IRS, states, and tax industry provide update on collaboration to fight identity theft refund fraud

IR 2015-117; Fact Sheet 2015-23, October 2015 Click here for IRS Commissioner Koskinen’s Press Remarks on Security Summit (Oct. 20, 2015) The “Security Summit” (the Summit), a group that includes IRS, state tax authorities, and tax industry firms, has issued an update on the progress made by the Summit’s working groups in their collaborative effort […]

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IRS explains application and procedural aspects of erroneous refund claim penalty

IRS explains application and procedural aspects of erroneous refund claim penalty

Program Manager Technical Advice 2014-015 In Program Manager Technical Advice (PMTA), IRS has explained various aspects of the Code Sec. 6676 erroneous refund/credit claim penalty, including when, as a practical matter, it does and doesn’t apply and whether it is subject to deficiency procedures. Background. If a claim for refund or credit of income tax […]

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Utah Accountant Sentenced for Filing Over $9 Million in False Tax Refund Claims and $300 Million Fictitious Financial Instrument

Utah Accountant Sentenced for Filing Over $9 Million in False Tax Refund Claims and $300 Million Fictitious Financial Instrument

As reported in the DOJ Press Release, a Heber City, Utah, man was sentenced to serve 78 months in prison for filing false claims for income tax refunds and for filing a fictitious financial instrument, announced Acting Deputy Assistant Attorney General Larry J. Wszalek for the Department’s Tax Division and the Internal Revenue Service (IRS). […]

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Washington Alert – CBO Report on Budget, U.S. and Italy reach accord, IRS Phone Forum on Ethics, IRS Fact Sheets on Identity Theft and Refund Fraud

Washington Alert  – CBO Report on Budget, U.S. and Italy reach accord, IRS Phone Forum on Ethics, IRS Fact Sheets on Identity Theft and Refund Fraud

The federal government recorded an estimated budget deficit of $182 billion for the first quarter of fiscal year 2014, the Congressional Budget Office said in its latest report on the subject. (Monthly Budget Review for December 2013) This was $111 billion less than the budget deficit for the same period in FY 2013, with revenues […]

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Justice Department Sues to Shut Down Mississippi Tax Return Preparer for Alledgedly Overstating Tax Refunds

Justice Department Sues to Shut Down Mississippi Tax Return Preparer for Alledgedly Overstating Tax Refunds

As reported in the DOJ Press Release, Justice Department Sues to Shut Down Mississippi Tax Return Preparer for Allegedly Overstating Tax Refunds, the United States has requested that the federal district court in Jackson, Miss., permanently bar Danee Aikens from preparing federal income tax returns for others, the Justice Department announced. According to the complaint, […]

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TIGTA Report – Income and Withholding Verification Processes are Resulting in the Issuance of Potentially Fraudulent Tax Refunds

TIGTA Report – Income and Withholding Verification Processes are Resulting in the Issuance of Potentially Fraudulent Tax Refunds

TIGTA recently issued its Report – Income and Withholding Verification Processes are Resulting in the Issuance of Potentially Fraudulent Tax Refunds. TIGTA recommended that the IRS ensure that actions are taken to prevent the issuance of potentially fraudulent refunds when tax returns are not timely screened and verified and ensure that case actions are sufficiently […]

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Justice Department Seeks to Shut Down Utah Tax Preparer

Justice Department Seeks to Shut Down Utah Tax Preparer

As reported in the DOJ Press Release, Justice Department Seeks to Shut Down Utah Tax Preparer, the Justice Department announced that on Nov. 1, 2013, it asked a federal court to bar Sergio Fernando Sosa and his company, Sergio Centro Latino, from preparing tax returns for others. The civil injunction suit, filed in the U.S. […]

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Former Alabama Postal Employee Pleads Guilty for His Involvement in a Fraudulent Tax Refund Scheme

Former Alabama Postal Employee Pleads Guilty for His Involvement in a Fraudulent Tax Refund Scheme

As reported by the DOJ Press Release, Antoine Green, a former U.S. Postal Service (USPS) employee, pleaded guilty in U.S. District Court for the Middle District of Alabama to crimes related to his involvement in a stolen identity tax refund fraud scheme, the Justice Department announced. According to court documents, between November 2011 and October […]

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Justice Department Files Suit to Stop San Diego Man from Preparing Tax Returns

Justice Department Files Suit to Stop San Diego Man from Preparing Tax Returns

As reported in the DOJ Press Release, the Justice Department announced the United States has filed a civil injunction suit against Michael I. Turner, of San Diego to stop him from preparing federal tax returns. The government complaint, filed in the U.S. District Court for the Southern District of California, alleges that Turner, who has […]

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Utah Man Charged with Filing False Claims for Tax Refunds

Utah Man Charged with Filing False Claims for Tax Refunds

According to the recent DOJ Press Release, a federal grand jury in Salt Lake City returned an indictment charging Dick Reid Jenkins, a resident of Heber City, Utah with eighteen counts of presenting false claims to the United States.  According to the indictment, in September 2008, Dick Jenkins filed a false 2007 income tax return […]

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U.S. tax filing changes could help fight refund fraud – IRS Commissioner reports to Senate

U.S. tax filing changes could help fight refund fraud – IRS Commissioner reports to Senate

As reported in the news in Reuters,  changes to the U.S. tax filing process may be needed to fight tax-refund fraud, the top U.S. tax collector told a congressional panel on Tuesday, a day after the federal tax filing deadline. In steps that could lead to slower processing of tax refunds, Internal Revenue Service Acting […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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Member CA Bar Member Orange County Bar US Tax Court Attorney