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June 2011

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Welcome to AVZ  
  
Taxpayer Identity Fraud is Soaring  
  

Dear Friend,

  

Imagine filing your tax return and learning that someone else got your refund. With your name and Social Security number, no less.

 

The IRS is grappling with a nearly five-fold increase in taxpayer identity theft between 2008 and 2010, a Government Accountability Office official plans to tell a House hearing Thursday. There were 248,357 incidents in 2010, compared to 51,702 in 2008.

 

The GAO findings, obtained by The Associated Press, don't begin to describe the pain for a first-time victim, who must wait for a refund while the IRS sorts out which return is real and which is a fraud.

 

Many identity thieves don't get prosecuted, according James White, director of strategic issues for the GAO.

 

"IRS officials told us that IRS pursues criminal investigations of suspected identity thieves in only a small number of cases," White says in testimony prepared for a House Oversight and Government Reform subcommittee.

 

He said that in the 2010 fiscal year, the IRS criminal investigations division initiated just over 4,700 investigations of all types -- far less than the identity theft cases alone.

 

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Article John Shillingsford - NYSSCPA 

 John S. headshot 

Effective June 1, 2011 John Shillingsford, (partner at AVZ) was inducted as a member of the Board of Directors as Chapter Representative for Suffolk to the New York State Society of Certified Public Accounts.

 

John has over 20 years of professional experience in accounting, auditing and taxation for closely held businesses.

 

He joined AVZ as a manager in 1996, was promoted to principal in 2004 and to partner in 2007.  Internally he serves on the firm's Quality Control Committee where he is responsible for AVZ's Peer Review, updating the firm on newly issued accounting and auditing standards as well as the firm's internal monitoring program.  He is also responsible for the monitoring and managing of the firm's Employee Benefit Plan practice.  He is an accomplished author, writing various articles based on his expertise.     

Article Headlin
 
     Father's Day

Issue: 12

Taxpayer Identity Fraud is Soaring
John Shillinsford - NYSSCPA

 

 

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2nd Annual

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Wed., June 29, 2011 

Crest Hollow Country Club

 

 

A unique night of networking under the stars

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LI home

Home Price Bargains Coming This Summer - Click Here

 

mortgage rates

Mortgage Rates Drop for 7th Straight Week

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Albrecht, Viggiano, Zureck & Company, P.C.

 

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