Ukraine’s Cyberattack Cripples Russia’s Tax System

By Waqas
Ukrainian Military’s Main Directorate of Intelligence (GUR) Launches Devastating Cyberattack on Russia’s Federal Tax Service (FTS) and IT Infrastructure
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Learn About Business Accounting and Taxes for Just $30

With 15 courses in this e-learning bundle, you could study tax prep, QuickBooks, and more, all at your own pace with complete lifetime access. Continue reading Learn About Business Accounting and Taxes for Just $30

Microsoft Warns of New Tax Returns Phishing Scams Targeting You

By Waqas
About to pay your taxes? Watch out for tax return phishing and malware campaigns targeting individual taxpayers and businesses.
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Hacker, money launderer sentenced to prison for scamming tax preparers and COVID-19 relief programs

A federal judge sentenced two men to prison for a coordinated scheme to hack into tax preparation firms, steal personal information, file fraudulent unemployment claims and income tax returns and then launder the money. The fraudulent unemployment claims aimed to exploit a COVID-19 relief program that netted $280,000 in improper benefits from the state of Washington, the Justice Department announced Thursday. They also included attempts to seek $2.6 million in tax refunds. Bamidele Muraina, a Nigerian national whom DOJ said led the effort to steal identities, received five years and 10 months in prison, as well as three years of supervised release and an order to pay more than $500,000 in restitution. For leading the money laundering leg of the operation, Gabriel Kalembo received four years and two months in prison, along with two years of supervised release and an order to pay nearly $300,000. Starting at least in January […]

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Continue reading Hacker, money launderer sentenced to prison for scamming tax preparers and COVID-19 relief programs