You just received a letter from the Internal Revenue Service (IRS) and your first thoughts, after panic subsides (or not), might be: I have never been audited before; how can I get this over with as fast as possible; why me; how much more am I going to have to pay; what did I do wrong on my return; or is this the start of an annual audit.
Experts in financial fraud have identified the profile of a financial fraud victim: Male, age 55-62, married, an accredited investor (meaning they have wealth over $1 million excluding residence and mortgage and/or annual income over $200,000 individually or $300,000 including spouse in each of the last two years), have an above average understanding of financial markets and investing, previously entertained the idea of or made high risk investments and have not performed due diligence on the persons offering the investment or the investment itself. The least likely person to fall victim to financial fraud is the spouse of the individual profiled above.
Recent Comments