State Dept. of Revenue, IRS warn of potential tax scams

  • State Dept. of Revenue, IRS warn of potential tax scams

State Dept. of Revenue, IRS warn of potential tax scams

The window to file your 2014 taxes ends April 17, 2018, so all returns must be mailed and postmarked by that date. "If they have an issue with their taxes in any form, they will first get a traditional letter".

"Because of these successes, criminals are devising more creative ways to steal more in-depth personal information to impersonate taxpayers".

Some criminal tax preparers will use temporary bank accounts and "refund anticipation loans or advances, " which are loans against taxpayers' refunds that may come with additional fees and costs.

If you're like roughly three-quarters of USA tax filers, you'll get a refund when you file your 2017 federal income tax return this year.

Read any IRS notices you might receive very carefully.

In one version of the scam reported by the IRS, a taxpayer who received a fraudulent refund also received an automated call with a recording from a person who claimed to be from the IRS. In Texas, 108,000 people didn't file a tax return in 2014, leaving behind a whopping $122 million. Overall, the number of identity-theft victims has fallen almost 65 percent between 2015 and 2017.

Victims are told they owe money to the IRS and must pay right away to avoid arrest, deportation or suspension of a business or driver's license. Don't reply to or click on any links in any kinds of messages like this; instead, forward the message to the IRS at phishing@irs.gov so they can investigate it further. "If you have any doubts about who's contacting you then don't be bullied into taking immediate action". Scammers make unsolicited calls, claiming to be IRS officials. You'll need to enter your Social Security number, your filing status and the refund amount you put on your return. If a tax return is not filed within three years, the money becomes the property of the U.S. Treasury.

If you have any questions about a suspected fraud, contact the IRS. Simply contact any one of the three major credit-reporting bureaus (TransUnion, Equifax or Experian) and they will alert the other two bureaus about your fraud alert. It might take you a while to process the changes in the Tax Cuts and Jobs Act, as well as the new Congressional budget agreement, but try not to delay filing your tax return for too long.

By failing to file a tax return, people stand to lose more than just their refund of taxes withheld or paid during 2014.

If you have available credit, you may want to borrow from a lender or credit card.