IRS Tax scams galor!

We are in tax season again … if you Google “IRS scams” you get over 3 million results! An article in the Sacramento Bee By Cathy Locke titled “IRS warns against phone, computer scams” Published: Sunday, Sep. 9, 2012 – 12:00 am | Page 1B talks about getting automated phone calls saying you owe back taxes and to press a number to learn more.

You won’t get a phone call or email “out of the blue” from the IRS. You will get official correspondence by snail mail first. Before you do anything, I suggest you talk to your tax preparer who prepared your return.

If you don’t have a tax preparer, contact a CPA or tax lawyer. If you suspect a scam here’s how you can report it.

The IRS’s website is full of alerts about tax scams. You can go to the IRS.gov homepage and then type “tax scams” in the search box to learn more.

Moral of the story: Anytime you get any notice anything to do with money by phone or email … your first reaction should be to distrust it. Think! Think! Think! Don’t react without thinking.

Did you start action that would lead to that call or email? You second action should be to talk to someone at the company or agency about it … go to their website (type it in … don’t use a link in email or the website address in the phone call … that’s how you fall victim to phishing).

Call the company or agency back with a phone number you have used in the past … not the number in the email or phone call. These days … it pays to be suspicious! Be prudent.

React without thinking and you are out money to thieves.

About Larry Frank, Sr.

Larry R Frank Sr., MBA, CFP®, is an experienced financial advisor and a published author on Retirement Planning Research. Have a financial question? Click Here to Ask Larry

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2 Responses to IRS Tax scams galor!

  1. Larry Frank, Sr. June 12, 2015 at 11:02 am #

    Here are some great points and resources by Dirk Cotton on the topic of having your SS number used by a fraudster …

    http://theretirementcafe.blogspot.com/2015/06/assume-your-social-security-number-is.html

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