Smith Dickson, An Accountancy Corporation
Recently a client received several telephone messages from someone claiming to be an IRS officer. The computer-generated voicemail stated that our client was being sued by the IRS and to call back.
When our client called the number, he was transferred to someone claiming to be an officer with the IRS who gave his badge number. He stated that the IRS had filed a lawsuit against the client, based on their review of tax returns from 2010 to 2014. He said that there were inconsistencies in the tax returns and an additional $5,896 was owed.
Our client was suspicious. Since the officer should have the tax returns, the client asked for the name of the CPA firm that prepared the return. Interestingly enough, the "IRS officer" indicated that he did not have that information in front of him and turned the client over to someone else, who reiterated the amount owed and that it had to be settled that day. Further, if our client did not settle the payment that day, the police would be at his house that evening to arrest him, confiscate his driver's license, and seize his home and all personal assets. He was given the choice of going to the IRS offices in Washington, D.C. to settle the problem or he could take care of the payment that day without going to court. 
Knowing that it was ludicrous, our client asked why the IRS did not notify him in earlier in writing.  The officer stated that the IRS did notify our client in writing and that no one was home at the time. Upon being asked for the address, the "IRS officer" stated that he could not give out that information, however, if our client would state the address he would verify that the address matched. At this point, our client informed the scam artist that he would be contacting the IRS, the police and his CPA firm of this scam. 
If you think scams can only happen to small businesses, think again.  Recently, one of the nation's largest consulting companies (our client) was the victim of a wire transfer scam.  The CEO's Controller received an email "from her boss" that requested $40,000 to be sent via wire to London.  This email was written in the same manner as her boss normally wrote and he was actually traveling abroad (the hackers had tracked his emails, written in his style and managed to send an email from his own email address).  She sent the money. 
Later in the day, the CEO happened to call the office to check in and the Controller asked if he received the money -- "What $40,000 wire transfer?  I never requested it" was his answer.  In this case, by acting quickly with their bank (American Business Bank's Morgan Lanchantin, Vice President & Sr. Relationship Manager in their Irvine office), the transaction was reversed.
Smith Dickson helps busy, affluent individuals and families by managing their day-to-day financial affairs.  This enables clients to focus their time on the things that matter most to them and deal with the many demands of work, family and other responsibilities.  Smith Dickson's services include:
  • Maintenance of cash flow - including payment of personal and business bills
  • Coordination with other financial professionals - including property managers, bankers, financial advisors and attorneys
  • Bank and other account reconciliations
  • Personal financial statements
  • Tax return coordination for family members and their trusts and estates
If you would like to learn more about our Individuals/Family Office Services, contact Smith Dickson today.

Smith Dickson is pleased to provide our year-round "Tax Calendar" available on our website.  Reference it for key dates for individuals, businesses (of all types), employers and estates/fiduciaries.

Some of the important upcoming dates:
  • Aug. 15 and Sept. 15: Employers - Deposit withholding.  If the monthly rule applies, deposit the tax for payments in previous month for Social Security, Medicare, withheld income tax, and non-payroll withholding.
  • Sept. 15: Individuals - Estimated Tax Quarterly Payment
  • Sept. 15: Corporations, S-Corps, LLCs, Trusts - Tax returns and installments due
Be sure to contact us to discuss your tax questions and needs. 

 949.553.1020 |
Smith Dickson, An Accountancy Corporation, 18100 Von Karman Avenue, Suite 420, Irvine, CA 92612
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