Our favorite time of the year is upon us again, tax season. This magical time brings stress and anxiety for many, while others thrive. However, you might be wondering, WHO thrives? Namely, scammers. In fact, each year we see new versions of tax scams abounding. What are some of these scams we have seen, and how can we identify such schemes? In this article we will break down some tricks of the scammers’ trade and learn to protect ourselves and our loved ones.
In Years Past
The IRS reported on a scam that they first saw in 2019 related to social security numbers. In it, scammers would claim to be able to suspend or cancel individuals’ social security numbers if the individual did not take the requested action. This tactic relies heavily on the use of fear. For example, scammers hope the target will be scared enough to return the robocalls and progress through the requested steps. No doubt, those requests involve the release of sensitive and personal information.
Signs of a Scam
Scams with similar themes will surely flourish this season. Scammers may attempt to contact you via email, phone, social media, letter, and more. What are the telltale signs of a tax scam that we should be on the lookout for? It’s important to realize that the IRS will never call or email you. So, IF you receive a call, ask for the contact information and alleged name of the caller. Be sure to never give out financial or personal information over the phone. This includes, but is not limited…
