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Beware of evolving income tax scams

Source: usatoday.com - Apr 1, 2017

Income tax identity theft continues to be a big problem for the IRS and the individual victims of this crime. It happens when a criminal who has managed to steal someone’s Social Security number files an income tax return on behalf of that person using a counterfeit W-2 and then tricks the IRS into sending a fraudulent refund to the income tax identity thief.

Recently the IRS has taken a number of steps to help reduce income tax identity theft. One of them is checking the IP addresses of computers filing income tax returns online in order to recognize the e-filing of multiple returns. The IRS has been joined in its efforts by state tax authorities and private tax preparation companies.

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Category: General Business