IRS-CI will post information about tax fraud on its social media platforms during National Consumer Protection Week, which runs from March 5 to 11.
The IRS Criminal Investigation unit will spend National Consumer Protection Week educating taxpayers about some of the most common tax season-related frauds, scams, and other threats.
From March 5 to 11, the IRS-CI will post information on its Twitter account about various tax frauds and how the general public can report them to authorities during National Consumer Protection Week. Additionally, the IRS-CI has uploaded a short video to its YouTube page that explains how taxpayers can avoid scams.
Every year, investigators come across numerous scams. The IRS-CI Chief, Jim Lee, stated that it ranges from phishing attempts in which unsuspecting individuals are prompted to share their personal information to fraudsters who prey on the vulnerabilities of our elderly citizens. Promises of instant wealth or unattainable tax exemptions are empty and the authorities need to be notified so that others don’t fall prey to them.
According to IRS-CI, phishing scams are still common, and taxpayers should not enter personal information or click on links in unsolicited emails. According to the organization, scammers have become much more sophisticated, and emails and texts may appear legitimate. Criminals frequently target senior citizens as their primary target in this kind of con.
Another common type of fraud that occurs frequently this time of year is charity fraud. False claims of nonprofit status and misappropriation of charitable funds are common. Check the organization’s tax-exempt status to ensure its legitimacy before giving money, services, or goods.
Taxpayers who may have a debt to the IRS are the targets of fraudsters. Advertisers who claim they can pay off their tax debt for pennies on the dollar should be avoided by customers. To learn about their options, taxpayers who owe money to the IRS should contact the agency directly.
Additionally, IRS-CI advises taxpayers to investigate their tax preparer to avoid being a victim of return preparer fraud because it is tax season.
The IRS-CI advised, “You’re ultimately responsible for your tax bill, so choose a tax preparer wisely.”
The tax laws are very complex. Our short blog articles cannot fully cover all the rules and nuances. Your specific facts may hold various opportunities and possible risks that only trained, experienced, and highly qualified tax specialists can spot. We encourage you to find such help, rather than trying to figure it all out on your own. Consider giving this marketplace a try by posting your project and signing up here.
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