BGMF CPAs team of Bill Groeber, Christiann Arimany and Joe Collinsworth recently sat down with the Springfield News-Sun to share with the community that Bill is entering his 50th tax season.
He was kind enough to share some of his insights over the years, changes he’s witnessed and we provided some tips on how to keep your personal information safe and what to do with regards to IRS scams.
Below are some additional insights related to fraud and scams:
- Phone scams. The IRS will not start with a call nor threaten/demand payment.
- Phishing scams. Typically these come in the form of emails wanting you to click a link to provide information. The IRS won’t email.
- Phony letters. The IRS tends to begin correspondence with a letter and now scammers are utilizing fake letters to taxpayers.
- False tax returns & promises. Scammers will file false tax returns under your social security number to get the refund.
- False tax preparers. They will promise large refunds by inflating deductions/credits and charge large fees.
- False charities. You may receive a phone call or email requesting donations.
Tips to Avoid Potential Scams or Fraud:
- Never give out social security number, bank information or other personal information.
- Don’t engage on the phone or respond to emails (do not click on the links).
- Utilize reputable preparers and verify organizations you donate to.
- If you receive a potential scam call, email, or letter talk with your advisor immediately.
- Consider credit monitoring if concerned about identity theft.
- Contact the IRS and authorities.
- Protect your personal information both at home and when in public.
- Change your passwords often and use strong, unique passwords.
This is not an exhaustive list and protecting your identity is becoming more important. Contact our firm today for tax preparation services or if you have concerns related to scams or fraud so we can assist you in dealing with these matters.