Tax season is a prime time for scammers looking to steal your personal and financial information. It’s important to be aware of common tax scams and know how to protect yourself. Here are some common tax scams to watch out for:
Phishing Scams
Scammers may send emails or make phone calls pretending to be the IRS or other government agencies, asking for personal and financial information. Be wary of unsolicited emails or phone calls and never give out personal or financial information unless you’re sure it’s a legitimate request.
Identity Theft
Identity theft occurs when someone uses your personal information to file a fraudulent tax return or claim a refund. To protect yourself, make sure to keep your personal information secure and monitor your credit report regularly for any unusual activity.
Preparer Fraud
Some tax preparers may promise large refunds or charge excessive fees. Be sure to choose a reputable and experienced tax professional to avoid preparer fraud.
Fake Charities
Scammers may create fake charities and ask for donations to receive tax deductions. Before donating to a charity, research its legitimacy and ensure they are registered with the IRS.
Remember, if something seems too good to be true, it probably is. Stay vigilant and protect your personal and financial information during tax season.
If you need help preparing your taxes or have questions about tax scams, our experienced professionals are here to help. Contact us to schedule a consultation and learn how we can help keep you and your finances safe.