Posted inBankruptcies Credit and Debt Frauds and Swindling Income Tax Internal Revenue Service Pensions and Retirement Plans Personal Finances Tax Credits, Deductions and Exemptions Tax Cuts and Jobs Act (2017)
Scammers Stole Their Retirement Savings. Then the Tax Bill Arrived.
The victims pulled money out of their retirement accounts. The withdrawals had inflated their taxable income, even though the funds quickly disappeared.