Wednesday, January 13, 2016

TAX RELATED SCAMS YOU CAN AVOID:


Everyone knows someone in one way or another that has been scammed, or someone tried to get them in a scam.  But when it comes to taxes, people tend to panic and not look at what is happening with a specific situation.

Make sure your elderly relatives and other people who may be susceptible know of these scams and to talk about what they may feel is a scam.

Phony calls from the IRS:
This scam has a person acting as an IRS agent and informing you they have a warrant for your arrest. Please get a prepaid card or wire money directly immediately or you are off to jail.  REALLY!!

If you are concerned that you owe the IRS money, call them directly at 1-800-829-1040.

Fraudulent email from the IRS:
Please understand the IRS does not send emails!!  It's a direct scam to get information from you so they can steal from you.

False tax returns in your name:
People use the above scam to get your information to then file a false return for a big refund.  The problem can be fixed, but it's not an easy process.  Safeguard your social security number and file your return as soon as you have your paperwork.

Shady tax preparers:
Research your tax preparer, search for reviews and ask for referrals.

Promises of a large tax refund:
Beware of faked returns to get you a refund - after the preparer skims off the top.  If you get audited, it's your problem as the IRS holds the taxpayers legally responsible for the information on their return.

Fraudulent charities:
Fraudulent charities are always a problem.  But if you use one as a tax deduction and are audited, you could be hit with more taxes and a penalty.

Beware of phone calls asking for donations and requests through the mail.  Never give them your social security number - this is another way they are stealing your identity.

Please be aware of these scams - and there are many more out there with new ones everyday.  When in doubt, please call the IRS directly at 1-800-829-1040 for more information on your account - or - research your concerns online.

Joe






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