By now, 1099s and W2s should be in the hands of American taxpayers. However, before filing taxes you may want to know about the newest tax scams to watch out for. Scammers are looking for ways to steal money, especially during the tax season, says TexasLending.com.
Many citizens have reported receiving a call from con artists who pretend to be from the IRS and tell them they have to pay up right away or else. Don’t believe it. The IRS has formal processes in place for people with tax issues, and manipulative calls like these run contrary to IRS protocol. According to TexasLending.com, an IRS agent will not call about taxes owed without first mailing the taxpayer an official letter.
Other tax scammers try to rip off their victims by making them file false scams for nonexistent rebates, phony tax credits, or even refunds based on their social security benefits.
Top Tax Scams for 2015:
- Bogus emails from IRS: IRS does not send emails
- Calls from scammers pretending to be IRS agents. IRS does not call.
- Letters/emails asking the taxpayer to update personal info.
Scammers have had a lot of success by pretending to be IRS agents. It’s an easy way for them to get social security numbers and birthdates. Never give that kind of information to someone who calls or emails, says TexasLending.com.
In the end, according to TexasLending.com, not only do the victims lose money they pay the scammers, but they learn that their claims are rejected, or worse, they have to return the money to the IRS, plus penalties and interest. Don’t fall for it, says TexasLending.com, and remember, if it sounds too good to be true, it probably is.