Economy

IRS warning of continued tax-related scams nationwide

IRS warning of continued tax-related scams nationwide”

WASHINGTON -The Internal Revenue Service is warning that tax-related scams are continuing across the nation even though the tax-filing season has ended for most taxpayers. The caller, who is pretending to be from the IRS, threatens arrest if the person does not immediately put money on a prepaid debit card to pay the bill. Authorities say the caller claims to be from the IRS and says that two certified letters mailed to the taxpayer were returned as undeliverable. She says that you need to pay right away or the police will arrest you.

This is just the latest scam taking advantage of consumers and, unfortunately, many people fall for it. Find out how scammers are taking advantage of consumers and what you can do to protect yourself.

The IRS recently began sending letters to a relatively small group of taxpayers whose overdue federal tax accounts are being assigned to one of four private-sector collection agencies. That change makes this new scam sound more legitimate.

"According to the victims we have interviewed, these scammers then demanded that the victims immediately pay the money using Apple iTunes gift cards, Target gift cards, prepaid debit cards, wire transfers, Western Union payments or MoneyGram payments in order to avoid being immediately arrested", George told the oversight subcommittee for the House Ways and Means Committee. Those who do respond are told they must make immediate payment either by a specific prepaid debit card or by wire transfer.

As with any scam, the con artist can be extremely persistent.

Taxpayers and tax pros alike are reminded to be wary of anyone posing as an IRS agent, and should always report any suspicious activity.

The IRS receives up to 10,000 calls a week from individuals who have received calls from IRS agent impersonators. But college students, seniors and others continue to be caught off guard by the calls.

It's important to know that the scammers are sophisticated.

Many consumers, of course, can not imagine how some people don't simply hang up on the IRS impersonators after endless warnings over the past four years or so.

While these tax fraud calls can be frightening, there are measures you can take to protect yourself.

The caller threatens you with arrest. Legitimate debt collectors, including those acting on behalf of the IRS, will not claim the police are on their way.

Do not give out any information. Initially, it is not clear who the scammers are, but as they are forced to pick up their phone lines, they got so frustrated and they finally showed their true self - started cursing the revenge taker in Hindi. IRS tax collectors are based in the United States and will share their address and phone number if asked.

A band of Indian scammers got a dose of their own medicine after a man decided he had enough of their fake Internal Revenue Service calls and he made a decision to pay them back in kind.

Con artists invent new tax scams every day.



Like this

loading...
loading...

Latest


27 June 2017
Ecommerce firms get a breather on TDS, TCS
At that time, Finance Ministry had reminded them about billion dollar valuations, and the profits made by them. When that merchant pays GST later, then this tax payment will be credited back under tax collected at source.

27 June 2017
What's Ahead for Arista Networks Inc (ANET) After Achieving 52-Week High?
It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software. On average, equities analysts expect that Arista Networks will post $3.95 earnings per share for the current fiscal year.

27 June 2017
What's Propelling InterXion Holding NV (INXN) to Reach 52-Week High?
Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. The stock of InterXion Holding NV (NYSE:INXN) earned "Overweight" rating by Barclays Capital on Monday, September 28.

27 June 2017
USANA Health Sciences, Inc. (USNA) Director Sells $2599600.00 in Stock
Out of 2 Wall Street analysts rating Northern Trust, 1 give it "Buy", 0 "Sell" rating , while 1 recommend "Hold". The stock of CGI Group Inc (NYSE:GIB) earned "Buy" rating by Desjardins Securities on Friday, May 27.

27 June 2017
Anthem Reaches $115M Data Breach Settlement
As part of the settlement, Anthem would also commit more money to improve its data security and encryption systems in the future. The company will also have to provide compensation to customers already enrolled in credit monitoring services.

27 June 2017
Fuel truck explodes in Pakistan, 153 dead
Bahawalpur's Victoria Hospital said it was treating 40 victims , all of whom had suffered burns on at least 70% of their bodies. Police have said that the details remain unconfirmed, but cited witnesses who reported that a tanker tyre had burst.

27 June 2017
How Analysts Feel About First Republic Bank (NYSE:FRC)?
Creative Planning now owns 1,160 shares of the bank's stock worth $109,000 after buying an additional 60 shares during the period. The stock of First Republic Bank (NYSE:FRC) earned "Hold" rating by BMO Capital Markets on Thursday, March 23.

27 June 2017
Here's how analysts see CONMED Corporation (NASDAQ:CNMD) after this past week
Heartland Advisors Inc. acquired a new position in CONMED Corporation during the first quarter valued at approximately $1,773,000. In related news, Director Dirk Kuyper sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 13th.

27 June 2017
Reality Steve Bachelorette Spoilers 2017: Who Does Rachel Lindsay Choose?
According to the press release on ABC's official website , the show follows the aftermath of the fallout between Kenny and Lee. Meanwhile, someone is a sore loser at The Bachelorette handball, and Lee is still trying to insist that he's not that guy.

27 June 2017
Morgan Stanley Reaffirms Overweight Rating for Walt Disney Company (The) (DIS)
Eastman Chemical Company (NYSE:EMN) shares were trading higher by 0.14 percent ($0.12) at $82.97 a piece in Friday's session. Its down 0.03, from 1.18 in 2016Q3. 311.46 million shares or 3.82% less from 323.83 million shares in 2016Q3 were reported.