The Department of Justice unsealed an indictment today charging 61 individuals and entities for their alleged involvement in a call center scam that has victimized tens of thousands of U.S. citizens and resulted in losses totaling in the hundreds of millions of dollars. Twenty individuals were arrested in the U.S. and other individuals and entities in India were charged with conspiracy to commit identity theft, false personation of an officer of the United States, wire fraud, and money laundering.
Taxation can be a touchy subject, especially when it comes to personal items. Consumers in California currently pay over $20 million each year in taxes on tampons and sanitary napkins alone, which some lawmakers say are necessary health items for women. The state Assembly approved a bill this week that would make these products exempt from sales and use tax in California, arguing that the taxation of such items creates a penalty to women.
This year's tax season is seeing unprecedented numbers of tax scams and new tactics scammers use to steal your identity. A new consumer alert issued March 14, 2016 by the Internal Revenue Service characterizes recent telephone scams as "aggressive and threatening." What's more, scammers are showing agility in their response to public awareness campaigns.