In today’s connected world, tax scammers can reach you via e-mail, on the Internet, in person, and over the telephone. Here are three common schemes to watch out for. 1. The pitch: Congratulations! You just received an e-mail from the IRS stating you’re due a refund. All you have to do is click on a link or open an attachment to verify your social security and bank account numbers.
The truth: This is a scam known as phishing. Some con artist is trying to steal your identity. The IRS will not contact you about your tax return this way.
Scam defense: Never respond to unsolicited e-mails requesting tax or financial data.
2. The pitch: You’re surfing the Internet and come across a Web site offering free tax software or e-filing through the IRS Free File program.
The truth: This is a bogus offer to lure you into revealing personal information. In some cases, the scammers change the bank account number you provide and divert your refund. The Free File program is available only through the IRS Web site (www.irs.gov).
Scam defense: Always know who you’re doing business with.
3. The pitch: You’re invited to a seminar that promises to reveal a strategy designed to eliminate all of your tax liability.
The truth: Promoters of frivolous arguments make money from the fee you pay to attend the seminar or from the sale of literature. While legitimate tax planning can reduce your taxes, no one can guarantee a zero tax bill.
Scam defense: Ask for tax advice from a professional you trust.
Protect yourself from scams by calling us to discuss your tax questions. We’re here to help.
Questions for our Financial Expert?
E-Mail us at: finance@ClevelandSeniors.Com
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