It’s tax filing season and criminals are in full force trying to implement fraudulent schemes and take advantage of the multitudes of personal data and information floating around the internet, mail, and phone lines. Taxpayers should be aware of the following tips to ensure that they do not become the victims of these various internet and telemarketing scams, since the financial ramifications may be devastating.
Taxpayers should remember that the IRS will NEVER:
- Call to demand immediate payment over the phone, nor will the agency call about taxes owed without first having mailed a notice of an amount due.
In late May of 2016, the IRS issued a warning to predominantly student taxpayers about fake phone calls allegedly from IRS representatives demanding payment for a “Federal Student Tax,” a tax which doesn’t even exist. Despite the April tax deadline occurring over two months ago, IRS impersonators continue to contact students throughout the U.S. using various strategies to trick them into wiring money for failing to pay this fake “federal student tax,” usually threatening to report the student to some law enforcement authority if he or she refuses to pay.
Taxpayers must always be vigilant regarding the legality of an action related to the filing of their taxes. This includes whether they are filing an IRS form, calculating income, claiming a deduction, characterizing assets, preparing a tax return, or communicating with a third party claiming to be a tax advisor or employee or agent of the IRS. Taxpayers must not knowingly or unknowingly participate in any scams that involve the calculation, filing, and payment of their taxes or the results may be devastating. Here are some new and old tax scams of which all taxpayers must be aware: