Published Date 3/15/2019
Are you saving your money for a down payment on a home or for a renovation to the one you currently own and are counting on that tax refund check for 2018? The Internal Revenue Service (IRS) officially began accepting tax returns on January 28, 2019. And as the April 15 deadline approaches, more and more identity theft criminals are out trolling for their next victims. Here are some of the most common tax scams that have surfaced over the years.
Many Americans look forward to receiving a tax refund every year, and the criminals are no different, except for wanting YOUR tax return. They start out by stealing people’s Social Security numbers and then file false returns as those individuals. The crooks usually file electronically showing a low income and high deductions. Then when the real person files their return, it is rejected by the IRS with the statement that a tax return has been already received with their Social Security number.
Does this make you hot under the collar? If you can, file early before a criminal files one in your name. Consider requesting an IP PIN from the IRS. An IP PIN is a six-digit number assigned to eligible taxpayers that helps prevent the misuse of their Social Security number on fraudulent federal income tax returns. In some states, like California, if you filed a federal tax return last year you are eligible, upon request, to receive an IP PIN. Visit www.irs.gov for more information.
Another scam finds criminals calling their victims to demand payment for an overdue tax bill for which they say payment must be made immediately. Unless payment is received, an arrest warrant will be issued by the police. On its face, this sounds ridiculous. Unfortunately, however, older Americans fall victim to this out of sheer terror. The scammers use phone spoofing to make it appear that the call is coming from the IRS, but the IRS rarely calls people. The caller can seem legitimate since they have the last four digits of your Social Security number. They may even call a second time claiming to be from your local police department or follow-up with an email. Payment is requested using a prepaid debit card, gift cards, or by wire.
Emails are yet another avenue for crooks. The possible victim gets an e-mail that looks like it legitimately came from the IRS promising a large refund. All the person needs to do is send in their Social Security number and bank account information. The IRS will then directly deposit the fake refund into their account. NEVER send your social security number by email and you’ll protect yourself from these types of scams. Oh. And happy tax season!
Source: TBWS
All information furnished has been forwarded to you and is provided by thetbwsgroup only for informational purposes. Forecasting shall be considered as events which may be expected but not guaranteed. Neither the forwarding party and/or company nor thetbwsgroup assume any responsibility to any person who relies on information or forecasting contained in this report and disclaims all liability in respect to decisions or actions, or lack thereof based on any or all of the contents of this report.
First
Priority Home Loans is a DBA of Anchor Funding, Inc. NMLS #236419 &
1626581. California
Bureau of Real Estate,
Real
Estate Broker Number 01276087. Loans made or arranged pursuant
to the
California Department of Business Oversight. California Finance Lenders Law
license number 603 L293.
NMLS: 220937
First Priority Home Loans
891 Kuhn Drive #204, Chula Vista CA
Company NMLS: 236419
Office: 619-323-2066
Cell: 619-208-6499
Email: andrefunds4u@sbcglobal.net
NMLS: 220937
Cell: 619-208-6499
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