New List of Tax Scams

Every year there is a new fraud that is out to take people’s hard-earned money. People who want to make free money develop these schemes. They have various ways to contact individuals and solicit money from them. The IRS has created a list of twelve frauds that target people especially during tax time.

The list is:

  • Identity theft
  • Phishing
  • False Promises of Free Money from Inflated Refunds
  • Tax Return Preparer Fraud
  • Hiding Income Offshore
  • Charitable Organization Impersonation
  • False Income, Expenses, or Exemptions
  • Frivolous Argument
  • Falsely Claiming Zero Wage or Using a False Form 1099
  • Abusive Tax Structure
  • Misuse of Trusts

Each year, victims are scammed because the they ignore the warning signs. With the newest type of fraud that made the list is pervasive telephone scams. Many times the scams look or sound official, but remember that if the IRS is contacting you they will not ask for any part of your social security number, or even give you the last four digits.

The number one threat to taxpayers is identity theft. The fraudsters are not just trying to get your money, they want to use your information to steal from others. Many of the new scams are focusing their efforts on immigrants. They have threatened to arrest or deport the individual in they do not pay promptly.

Of you feel that you are a victim of a fraud contact the Service at 800-829-1040, the Treasury Inspector General for Tax Administration at 800-366-4484, and the Federal Trade Commission using the FTC Complaint Assistant at FTC.gov.

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