Tag Archives: tax scams

Is it possible to be credit invisible?

  You’re living a comfortable life, and your paycheck more or less covers day-to-day activities, so there’s no reason you should ever borrow money, right? I mean, now and then you’ll borrow $5 from your friends for lunch, but overall there’s no good reason to go into debt. This sort of mentality is the driving factor for what is known as “credit invisibility” — a portion of the consumer population who lack any kind of credit history, and inadvertently preclude themselves from significant financial mobility. A study […]

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IRS warns tax preparers about a new refund scam

Only a few days into the tax-filing season, the IRS is sounding an alarm about a new tax scam. Specifically, it’s warning tax preparers to be on guard about the scam, which is aimed at stealing taxpayers’ refunds by using data compromised in tax preparers’ offices. The agency said it has already received a number of fake tax returns that had accurate taxpayer names, addresses, Social Security numbers and even bank account information for the victims. In an unusual twist, some bogus refunds were actually directed to […]

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Tax Scams / Consumer Alerts

Thousands of people have lost millions of dollars and their personal information to tax scams. Scammers use the regular mail, telephone, or email to set up individuals, businesses, payroll and tax professionals. The IRS doesn’t initiate contact with taxpayers by email, text messages or social media channels to request personal or financial information. Recognize the telltale signs of a scam. See also: How to know it’s really the IRS calling or knocking on your door Scams Targeting Taxpayers IRS-Impersonation Telephone Scams A sophisticated phone scam targeting taxpayers, including recent […]

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