The latest financial scam involves fraudulent Form 1099-G, which government agencies use to report unemployment compensation. The IRS issued the following notice:
The IRS is urging taxpayers who receive Forms 1099-G for unemployment benefits they did not actually get because of identity theft to contact their appropriate state agency for a corrected form.
In your fight against fraud, your own internal practices are your first line of defense. Consider budgets. Budgets can provide insight into how management expects a company to perform in the near future. Sharing information provides an informal fraud screen to manipulating financial results.
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