Economy

IRS issues warning about tax scam

IRS issues warning about tax scam”

Tax lawyer Kelly Phillips Erb calls herself the "Taxgirl" and says if this happens, you are likely a victim of the latest tax scam.

The IRS isn't exactly modern.

"If you haven't filed your taxes - especially if you're not expecting a refund - and money shows up in your account, don't touch it".

Wait, what? You didn't file your income tax return yet but suddenly, somehow you spotted a bunch of money in your bank account from a refund? "When people get this phone call and then they go and look at their bank account and actually do see the money there, that lends a greater credibility to what the person is hearing on the other end of the phone".

"Time sensitive and urgent. we found that there was a fraud and misconduct on your tax which you are hiding from federal government". Please share this message! It's pretty clear this was a scam call, if not for the simple reason that the caller did not identify themselves as someone from the IRS.

Analysts see at least some good in these scam evolutions, because they mean that the steps the IRS has taken to reduce fraud are working, forcing criminals to find new hustles.

Q: I received an email claiming to be from the IRS and asking for my bank account information to deposit my refund.

More news: Fed expects economic gains to prompt gradual rate hikes

In one version of this scam, the criminals then contact victims claiming to be from a debt-collection agency, and they say the refunds were deposited in error. In some cases, the caller threatens criminal fraud charges, an arrest warrant, and to "blacklist" the taxpayer's Social Security Number. The IRS also never requires one specific payment method, and doesn't ask for credit/debit card numbers on the phone.

If you receive an unexpected and suspicious email from the IRS, forward it to phishing@irs.gov.

You're going to want to file a Form 14039, Identity Theft Affidavit when you file your own tax return to indicate that you were a victim of a tax preparer data breach.

Repaying an erroneous refund in this manner may result in interest due the IRS. Taxpayers who receive a fraudulent tax refund should follow IRS guidelines for returning the money.

The IRS is set to begin issuing tax refunds as of February 27 for many early filers who receive the Earned Income Tax Credit and the Additional Child Tax Credit. If you plan to visit an accountant, make an appointment early to avoid the rush.

Popular online tax services like TurboTax and H&R Block are easy to use, even for tax novices.

The IRS says direct deposit - which the government also uses for Social Security and Veterans Affairs payments - is "simple, safe, and secure".



Like this

loading...
loading...

Latest


24 February 2018
Mercedes reveal their 2018 F1 vehicle W09 EQ Power+ at Silverstone
He added: "We had already planned to start a clean slate at the beginning of this year". I am not the greatest surfer in the world, yet.

24 February 2018
Intercontinental Exchange, Inc. (ICE)
After $1.08 actual EPS reported by Visa Inc. for the previous quarter, Wall Street now forecasts -6.48% negative EPS growth. The firm has "Buy" rating given on Monday, June 26 by Jefferies. (NASDAQ: VYGR ) on Tuesday, January 23 with "Buy" rating.

24 February 2018
Rand Wealth LLC Takes Position in PG&E Co. (NYSE:PCG)
Trust Co Of Oklahoma decreased its stake in Ppl (PPL) by 55.51% based on its latest 2017Q3 regulatory filing with the SEC. The difference between the expected and actual EPS was $0.52/share, which represents an Earnings surprise of 216.7%.

24 February 2018
Great white shark attack victim 'very lucky' to be alive
Randwick City Council mayor Lindsay Shurey described Ms Shurapey as "lucky to be alive" when speaking to reporters on Saturday. She said lifeguards will also be stationed at beaches that are usually unpatrolled on Saturday to advise people not to swim.

24 February 2018
Quarterly Earnings Forecast Overview: Archer-Daniels-Midland Company (ADM)
Td Asset Mngmt Incorporated invested 0.01% in Packaging Corporation of America (NYSE:PKG). (NASDAQ:Conway, AR) for 7,039 shares. It increased, as 29 investors sold PKG shares while 146 reduced holdings. 51 funds opened positions while 105 raised stakes.

24 February 2018
Pakistan terror watch a win
However, the Western powers urged other member nations to back the resolution, and they were successful in the final vote. Faisal said "stand alone legislation" on money laundering was also enacted by the parliament to deal with AML issues.

24 February 2018
New report examines the global automotive trunk latch industry market
Correspondingly explains current Medical Pressure Sensors market and upcoming projects of the Medical Pressure Sensors industry. See how the market performed in the past (over the last 5 years ) and how it will perform in the future (in the next 5 years ).

24 February 2018
Traders Secrets on Symantec Corporation (SYMC), Office Depot, Inc. (ODP)
Finally, BidaskClub downgraded Office Depot from a "hold" rating to a "sell" rating in a research note on Wednesday, January 31st. The company was initiated on Tuesday, December 13 by Loop Capital. (NASDAQ:ODP) rating on Wednesday, February 24.

24 February 2018
NEET: SC rejects plea on age limit
The Supreme Court bench of Justice SA Bobde and Justice L Nageswara Rao said it will not interfere with the CBSE's decision. That is, candidates who are 25 years or less as on May 6, 2018, are eligible to apply for NEET 2018 exam.

24 February 2018
#BoycottNRA: US bank, vehicle rental company cut ties with NRA
President Donald Trump has defended the NRA, while others criticised the boycott on Twitter . "The Democrats hate the NRA". Some financial experts said companies also risk angering customers by moving to distance themselves from the NRA.