Protect Your Finances: Unmasking Tax Scams That Target Business Owners and Individuals

Learning about the scams is the best protection.

 

Learn the warning signs of Employee Retention Credit scams

Attention Business Owners: Beware of the Employee Retention Credit (ERC) Pitfall! ERC is real but scammers are claiming fraudulent claims for business owners. Ignoring ERC eligibility or compliance could lead to the IRS to audit YOU.  Making YOU pay back thousands with potential hefty penalties and interest.

More information ERC scams click here 

TO PROTECT TAXPAYERS FROM SCAMS, IRS ORDERS IMMEDIATE STOP TO NEW EMPLOYEE RETENTION CREDIT

Moratorium on processing of new claims through year’s end will allow IRS to add more safeguards to prevent future abuse, protect businesses from predatory tactics; IRS working with Justice Department to pursue fraud fueled by aggressive marketing.  More information click here

 

Taking tax advice on social media can be bad news for taxpayers

Individuals, beware of the pitfalls of social media when it comes to tax information. The IRS has identified numerous instances of misleading details circulating online, encompassing everything from common tax forms like the W-2 to more specialized ones like Form 8944.

More information social media scams click here 

 

IRS warns of scammers using fake charities to exploit taxpayers

Whether an earthquake or wildfires, good-natured taxpayers rally to help victims after an emergency or disaster by donating money. Unfortunately, scammers often try to prey on well-intentioned donors by posing as fake charities, hoping to steal money, but also personal and financial data that can be used in tax-related identity theft.

More information fake charities scams click here 

 

Tips to help taxpayers make sure their donations go to legitimate charities click here 

 

Watch out for scammers using email and text messages to try tricking people

People should be incredibly wary about unexpected messages like this that can be a trap, especially during filing season.

"Email and text scams are relentless, and scammers frequently use tax season as a way of tricking people," said IRS Commissioner Danny Werfel. "With people anxious to receive the latest information about a refund or other tax issue, scammers will regularly pose as the IRS, a state tax agency or others in the tax industry in emails and texts"

More information email & text scams  click here

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