Be alert to tax fraud

Fraudsters are on attack, using malicious email, text message and telephone scams designed to steal tax refunds and government stimulus checks being distributed to eligible individuals. Don’t fall for common scams:

Internal Revenue Service (IRS) Checks

  • No business/service can get you a check faster.
  • No third party is being used by the IRS to “hold” or sort checks.
  • Funds are issued directly from the IRS to you via direct deposit or U.S. Postal Service mail. Stimulus checks are issued based on how you filed your 2018 or 2019 taxes.
  • The IRS will not ask for PINs, passwords or confidential access information for credit cards or bank accounts over the phone or email.

Phone Scams

Scammers may pose as IRS agents or bank employees to request sensitive information or to ask you to verify sensitive information, such as bank account credentials and Social Security Numbers.

  • Let all incoming calls from unknown numbers/callers go directly to voice mail.
  • Confirm any request with the alleged organization/business.
  • Use a known phone number or one published on the organization’s official website.

Email and Text Message Scams

Email or text messages may tempt you to click on a link to infect your device with malware or call a fake number promising urgent news about your stimulus check or asking you to share personal or banking information. These cyber attacks, known as phishing, are sometimes created to look like official bank and other types of correspondence.

  • Do not click on links or open attachments.
  • Confirm the message is from a trusted source using a known phone number.

We Are Here to Help

Please visit the Warady & Davis LLP COVID-19 Resource Center for a wealth of information on stimulus assistance, new legislation and much more.  This information is updated daily.  This is a rapidly evolving situation so please do not hesitate to reach out to us with any questions or concerns at 847-267-9600 or [email protected].

 

Legal Notice: The materials communicated in this transmission are for informational purposes only and not for the purpose of providing accounting, legal or investment advice. You should contact your accountant or advisor to obtain advice with respect to any particular issue or problem. Use of and access to this Web site or any of the e-mail links contained within the site do not create an accountant-client relationship between Warady & Davis and the user or browser. You should not act upon any such information without first seeking qualified professional counsel on your specific matter. Any accounting, business or tax advice contained in this communication is not a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, Warady & Davis would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.  © 2020  All Rights Reserved.
SEARCH T.I.E. BLOG
Filter By

Categories

Archives

[crp]
Share This