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Learn moreAvoiding Tax Scams: How to Protect Yourself This Filing Season
Tax season is here, and while many are busy preparing their returns, scammers are working just as hard to take advantage of unsuspecting taxpayers. Each year, the IRS issues warnings about fraudulent schemes designed to steal personal and financial information. To help keep you safe, here are some of the most common tax scams to watch out for and key strategies to protect yourself.
Common Tax Scams to Watch Out For
Phishing Emails and Fake IRS Communications
Scammers often impersonate the IRS, sending emails or texts that appear legitimate. They may claim you owe taxes or are due for a refund, urging you to click on a fraudulent link. The IRS does not initiate contact via email, text, or social media—always verify directly through their official website.
Phone Scams and Fake IRS Calls
Fraudsters may call claiming to be IRS agents, demanding immediate payment and threatening legal action. They often request payment via wire transfers, gift cards, or cryptocurrency. The IRS never demands immediate payment over the phone or through unconventional methods.
Tax Identity Theft
Scammers use stolen Social Security numbers to file fraudulent tax returns and claim refunds. If you file your return and receive a notice that one has already been submitted in your name, identity theft may be the cause.
Fake Tax Preparers
Be wary of fraudulent tax preparers who promise unrealistic refunds or charge fees based on a percentage of your return. Always verify a preparer's credentials and ensure they have a Preparer Tax Identification Number (PTIN).
How to Protect Yourself
File Early: Filing your return as soon as possible reduces the chances of someone else fraudulently filing in your name.
Verify IRS Communications: If you receive unexpected correspondence claiming to be from the IRS, contact them directly at 1-800-829-1040 or visit www.irs.gov.
Use Secure Methods: When filing taxes, use a trusted preparer, reputable tax software, or IRS Free File. Avoid emailing sensitive tax documents.
Monitor Your Accounts: Regularly check your bank statements and tax transcripts to detect any unauthorized activity.
Protect Personal Information: Never share Social Security numbers, tax forms, or financial details over email or unverified websites.
By staying informed and cautious, you can safeguard yourself against tax scams this season. If you suspect fraudulent activity, report it to the IRS and take immediate steps to protect your identity.
For expert tax assistance and secure filing, contact our firm today!