Money Matters

Are you receiving suspicious phone calls? People claiming they are they are the IRS and demanding money? 

The IRS has listed phone scams as one of the most prevalent tax scams underway today. Taxpayers are receiving aggressive and threatening phone calls by criminals impersonating IRS agents. The callers may demand money or even promise a refund to trick you into sharing private and personal information. During filing season, there is an uptick of complaints reporting phone scammers who are threatening arrest, deportation, license revocation, and other things. 

According to the Federal Trade Commision, there are over 9 million victims of Identity Theft in the US every year. It becomes a stressful challenge for businesses, organizations and government agencies, including the IRS.

In most cases of Identity theft, you may not be aware that someone has stolen your identity. Identity theft happens when someone uses your stolen Social Security Number to file a tax return claiming a fraudulent refund. Luckily, the IRS is the first to detect the the fraud after you try to file your taxes.

Sadly, we have become all too familiar with identity theft: someone else using your personal information without permission to commit fraud or other crimes. While most of us are familiar with “traditional” identity theft, such as someone stealing from your bank account or taking out a loan in your name, not many of us consider tax-related identity theft.