As tax season approaches, the Internal Revenue Service (IRS) is warning taxpayers to be on the lookout for tax scams. Tax scams can take many forms, from identity theft to phishing emails, and can cost taxpayers thousands of dollars. The IRS has identified several common tax scams to be aware of this year.
One of the most common tax scams is identity theft. Identity thieves use stolen Social Security numbers and other personal information to file fraudulent tax returns and claim refunds. The IRS is working to combat identity theft by increasing its security measures and encouraging taxpayers to protect their personal information.
Another common tax scam is phishing emails. These emails appear to be from the IRS or other government agencies and ask for personal information or payment. The IRS does not send unsolicited emails asking for personal information or payment. If you receive an email that appears to be from the IRS, do not respond and report it to the IRS.
Taxpayers should also be aware of tax preparer fraud. Tax preparers who are not qualified or who are not registered with the IRS may offer to prepare your taxes for a fee. These preparers may also make false claims or promises about the amount of your refund. It is important to use a qualified and registered tax preparer to ensure that your taxes are prepared correctly.
Finally, taxpayers should be aware of tax return preparer fraud. This type of fraud occurs when a tax return preparer falsifies information on a tax return in order to increase the refund amount. Taxpayers should always review their tax returns before signing them to ensure that all information is accurate.
Tax scams can be costly and time-consuming to resolve. The IRS is working to combat tax scams and protect taxpayers, but it is important for taxpayers to be aware of the potential risks. By understanding the common tax scams and taking steps to protect your personal information, you can help protect yourself from becoming a victim of tax fraud.