Consumer Rights

New IRS reporting system affects PayPal accounts

Businesses that process payments through credit cards, debit cards or payment merchants like PayPal beware.  The IRS has a new reporting system and surprise, surprise, according to a Treasury Department audit released July 26, 2011 the system that includes “a revised form” that may be flawed. Imagine that? In 2008 the enacted Housing and Economic Recovery …

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The Foster Youth Financial Security Act: Protecting foster children from identity theft

One study has highlighted that as many as half of the children in foster care in California have been victims of identity theft. Rhode Island Rep. Jim Langevin has introduced a bill, The Foster Youth Financial Security Act, to help protect children in foster care from identity theft and other hurdles that impede their financial success. …

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Bad Medicine isn’t What I Need: Health Care Fraud’s Most Wanted List

Fast Facts and True Stories about Health Care Fraud In 2008, Americans spent $2.34 trillion dollars on health care.  The Federal Bureau of Investigation (FBI) estimates that between 3 and 10 percent (between $70 billion and $234 billion) was lost to health care fraud.  $234 billion dollars is roughly the equivalent to the Gross Domestic …

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