No one wants to be on the wrong side of the Internal Revenue Service (IRS). So, when what seems like an IRS official calls about an error on your tax return, it’s tempting to hand over your Social Security number or checking account info to make it right. But that’s where you can go wrong — badly wrong. Welcome to the world of tax scams.
More than 5,000 victims were scammed out of more than $50 million over the last three years through a single popular (and ongoing) tax scam like the one above.
“Fraudsters have more information available to them than ever before,” notes Julie Miller, a spokesperson for Intuit, creator of TurboTax. “That, combined with the lure of a tax refund — which last year averaged $2,800 for the 75 percent of Americans who got a refund — creates the opportunity to find new ways to take advantage of taxpayers.” Click here to continue reading.
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