Watch for scams this tax season
It’s that time of year to file taxes and for some to receive an anticipated refund. Criminals have found ways to get to your refund and even file your taxes. Be prepared this season by knowing what the scams are and how to avoid them. The Internal Revenue Service has recently released a dozen of scams, known as the ‘Dirty Dozen’, we should be aware of not only when filing our taxes but throughout the year. The top two? Identity theft and phone scams. The list of scams is below but for more information please read the explanation of each item by visiting the IRS advisory page.
- Identity theft
- Pervasive telephone scams
- Phishing
- False promises of “Free Money” from inflated refunds
- Return preparer fraud
- Hiding income offshore
- Impersonation of charitable organizations
- False income, expenses or exemptions
- Frivolous arguments
- Falsely claiming zero wages or using false form 1099
- Abusive tax structures
- Misuse of trusts
Follow
Comments are closed.