Beware! These IRS Tax Scams Could Cost You Big in 2021
Identify theft continues to be a huge problem. Scammers will be out in full force trying to steal millions during the 2021 tax season.
Tax scams are an opportunity for would be thieves to scam you out of money and personal and sensitive information all year long.
According to the IRS website, the 2021 tax season will be start on Friday, February 12th. Last year, the average tax fund was more than $2,500. More than 150 million tax returns are expected to be filled in 2021 before the tax deadline day which is April 15th.
The IRS is also taking steps to get your refund to you faster this year due to the ongoing coronavirus pandemic. As always, hackers will also be out trying to scam you out of your refund.
Here's a list of potential IRS tax scams:
1. Fake emails or websites - Be on the lookout for a fake email from someone pretending to be from the IRS. You could be hacked as soon as you click on the link provided.
Criminals will try to access passwords, your social security number and financial information. The scammers will also try to go after tax professionals who are preparing your taxes.
In 2019, the IRS put out a warning concerning a new round of advanced Email Phishing scams and a bogus tax transcript scam. The transcript looks like an official email from the IRS. The email could carry malware. The IRS does not send unsolicited emails to taxpayers. .
2. Phone Scams - Another scam to keep an eye and ear on. Phone scams come in at #2 on a recent IRS Dirty Dozen list for tax scams.
We usually get a call from a scammer at least once every couple of months. The phony IRS representative threatened to send the police to our house in the next hour if we didn't pay a $500 in taxes that we owed immediately.
Never wire money or give any personal information over the phone. The IRS will never call you, ask for immediate payment, threaten to call police or ask for your credit or debit card information.