John D. Teter Law Offices



1361 South Winchester Boulevard, Suite 113
San Jose, CA 95128
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tax data breach, San Jose tax attorneyCybercriminals target tax professionals in order to gain access to sensitive client data. With this data, criminals can file tax returns fraudulently and be issued a tax refund. Tax professionals have a duty to keep client data secure. When client data is compromised, tax professionals must take certain steps to protect themselves and their clients. Following certain steps can also help prevent tax refunds from being issued to cybercriminals. 

1. Inform the Internal Revenue Service and law enforcement agencies.

  • Notify the IRS. Your local IRS Stakeholder Liaison will take a report of client data compromise. The liaison will then inform the IRS Criminal Investigation unit on your behalf. It may be possible for the IRS can block the fraudulent returns based on the stolen data. For this to happen, reporting the breach to the IRS must occur quickly.

  • Contact your local Federal Bureau of Investigation (FBI) office.

  • If directed, notify your local Secret Service office.

  • File a police report with your local police station

2. Notify states in which you prepare state returns.


irs offshore accounts, San Jose tax law attorneyThe IRS has announced that it has received nearly $10 billion as part of a special program offered to taxpayers who were shielding assets in undisclosed offshore accounts. The $10 billion dollars was paid by 55,000 taxpayers who utilized the Offshore Voluntary Disclosure Program (OVDP). This sum includes taxes, interest, and penalties.

The OVDP is offered to those with undisclosed income from foreign financial accounts and assets and allows them to come into compliance with tax returns and report obligations. The program incentivizes taxpayers to voluntarily disclose these assets before the IRS finds out about them later. If the IRS discovers that an offshore account has not been disclosed, more severe penalties and possible criminal prosecution can result.

Similar to the OVDP, taxpayers have used a second program called the Streamlined Offshore Disclosure Program to pay approximately $450 million in taxes, interest, and penalties.

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