Those inclined to cheat the system in order to benefit their own personal financial situation are getting more creative in their endeavors. Last week a woman from Los Angeles CA had pled guilty to defrauding the Internal Revenue Service but ultimately got caught in her deception and will face stiff charges filed against her.
The woman, Norma Coronel, had admitted to filing deductions on at least twenty fake children. She went so far as to get Social Security numbers for the kids. Coronel claimed all of the children had the same birthday in order to gain a refund totaling $300,000. She had the refunds sent to her home or to the various bank accounts she maintained.
Even though the scams against the government are getting more complicated, the IRS is working proactively to stop such offenders from getting away with their crimes which can end up hurting all taxpayers in the country. The Attorney General’s office announced that Coronel is currently facing up to 18 years in prison and may be fined a maximum in fines totaling $750,000. Other measures are being taken to increase awareness of fraud and promote compliance of the laws. Training is being increased and more communication is being promoted in an effort to find more cases of fraud.
Businesses and celebrities have been headlines in recent months for evading IRS laws but ultimately many have been held accountable for their actions – some even serving prison sentences for their actions. Taxpayers are cautioned against turning figures that are not accurate knowingly. The consequences of doing so can be long-lasting, affecting personal finances for many years to come. In light of a shaky economy and high rates of unemployment, the IRS will continue to ramp up their efforts on thwarting personal finance windfalls by deception on income tax filings.
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