Post on Your Office Wall: IRS warns taxpayers to be alert to unscrupulous tax return preparers boasting of inflated tax refunds

NSTPFraudulent Tax Refunds, Internal Revenue Service (IRS)

Post on Your Office Wall : IRS Warns Taxpayers of Inflated Tax Refunds

IRS: Be on the lookout for promises of inflated tax refunds Taxpayers are warned to be alert to unscrupulous tax return preparers boasting of inflated tax refunds, a common scam tactic during filing season. Return preparers promising larger refunds than competitors or providing refunds substantially larger than taxpayers have routinely seen could be a warning sign. Con artists promising overly large refunds frequently prey on older Americans and low-income taxpayers and those who don’t have a filing requirement. They may also victimize non-English speakers who may or may not have a requirement to file a tax return. Scam artists can use flyers, advertisements, phony storefronts or word-of-mouth to attract victims. They may even make presentations through community groups or churches. These unscrupulous individuals may dupe others into making claims for fictitious rebates, benefits or tax credits. They may also file a false return in their client’s name, and the client never knows that a refund was paid. Cons may also target those with a filing requirement who are due a tax refund. This may be done by promising larger refunds based on fake Social Security benefits and false claims for education credits or the Earned Income Tax Credit (EITC), among … Read More

IRS Annual List of Most Prevalent Tax Scams

NSTPInternal Revenue Service (IRS), Scams

IRS Kicks Off Annual List of Most Prevalent Tax Scams

Kicking off the annual “Dirty Dozen” list of the most prevalent tax scams, the Internal Revenue Service is reminding taxpayers of the ongoing threat of internet phishing scams that lead to tax-related fraud and identity theft. The IRS warns taxpayers, businesses and tax professionals to be alert for a continuing surge of fake emails, text messages, websites and social media attempts to steal personal information. These attacks tend to increase during tax season and remain a major danger of identity theft. To help protect taxpayers against these and other threats, the IRS highlights one scam on 12 consecutive week days to help raise awareness. Phishing schemes are the first of the 2019 “Dirty Dozen” most prevalent tax scams. “Taxpayers should be on constant guard for these phishing schemes, which can be tricky and cleverly disguised to look like it’s the IRS,” said IRS Commissioner Chuck Rettig. “Watch out for emails and other scams posing as the IRS, promising a big refund or personally threatening people. Don’t open attachments and click on links in emails. Don’t fall victim to phishing or other common scams.” The IRS also urges taxpayers to learn how to protect themselves by reviewing safety tips prepared by … Read More

Tax Professionals Should be Ready to Verify Their Identity when Calling the IRS

NSTPIdentity Validation, Internal Revenue Service (IRS)

Tax Professionals Should Be Ready to Verify Their Identity When Calling the IRS

Tax professionals, as well as taxpayers, who call the IRS will be asked to verify their identity. Being ready to verify identity before a call or visit can save taxpayers and tax professionals time by avoiding having to make multiple calls. Before calling, taxpayers and tax professionals should instead consider using IRS.gov to access resources like the IRS Service Guide to get faster answers to their tax questions. If a taxpayer decides to call, they should know that IRS phone assistors take great care to only discuss personal information with the taxpayer or someone the taxpayer authorizes to speak on their behalf. To make sure that taxpayers do not have to call back, the IRS reminds taxpayers to have the following information ready: Social Security numbers (SSN) and birth dates for those who were named on the tax return An Individual Taxpayer Identification Number (ITIN) letter if the taxpayer has one in lieu of a SSN Filing status – single, head of household, married filing joint or married filing separate The prior-year tax return. Telephone assistors may need to verify taxpayer identity with information from the return before answering certain questions A copy of the tax return in question Any … Read More

TAX SECURITY 101: TAX PROFESSIONALS MUST MAINTAIN, PROTECT EFINS; MONITOR EFINS, PTINS AND CAF NUMBERS

NSTPElectronic Filing Identification Number (EFIN), Fraud, Individual Taxpayer Identification Number (ITIN), Preparer Tax Identification Number (PTIN), Security, Security Summit, Uncategorized

The Internal Revenue Service and the Security Summit partners warned tax professionals that savvy cybercriminals target IRS-issued identification numbers to help impersonate practitioners as well as taxpayers.