What’s the number one tax scam? According to the IRS it is phishing. Con artists pass themselves off as the IRS to trick you into giving them pertinent personal information, such as your social security number, bank account information and credit card numbers.
This scam is implemented in different ways. One way is to call you and try to intimidate you by saying that you are going to be arrested if you do not give personal information, such as your credit card information. And they need the information now. Immediately hang up. Remember, the IRS is not going to be calling you and threatening you. Let the Federal Trade Commission (FTC) know about the call.
Another concern is tax preparation scams. One scam is telling customers that if they are due a refund of more than $600 they have to repay the stimulus money they received last year. Of course, this is not true. You give them the “refund” and they pocket it.
Some tips for choosing a tax preparer:
Don’t rule out doing your own taxes. There are software programs that can help you do that. No matter whether you hire a tax preparer or do your own taxes, here’s hoping you get a tax refund and don’t have to pay more taxes.
Have you fallen victim to any IRS tax scams?