IRS, security experts warn of tax scams, fraudulent returns

The deadline to file your tax return is fast approaching. But watch out: complaints of tax scams are on the rise and scammers are stealing tax refunds.

The Federal Trade Commission says identity theft has tripled since 2018. The IRS and cybersecurity firms are warning about tax scammers filing fraudulent tax returns.

MORE CONSUMER NEWS

The IRS says to be aware that thieves are stealing personal information and then using it to file their tax returns and steal their refunds.

They’re doing it with stolen information from the hacking of many business databases in recent years, as well phishing emails, text messages, and phone calls.  

Security firm BrandShield says it has seen hundreds of these in the past few weeks.  

The Federal Trade Commission demonstrated how they work in a video:

“They’ll call, email, or text you, claiming you owe back taxes or there’s a problem with your tax return. They even rig caller ID to make their call look official,” the video explains.

“They play on your fears. They threatened to take your driver’s license or sue, arrest, or deport you. They want you to pay, fast,” the video goes on.

MORE SULLIVAN’S SMART SENSE

Plus, the IRS and the Identity Theft Resource Center are warning that tax professionals are being targeted with spearfishing scams.  

These are emails with…

Read more…

Leave a Reply

Your email address will not be published. Required fields are marked *