Posts Tagged tax refund scam

Get these best insider tips from the IRS to avoid tax scams

Tax season is here and opportunists are again determined as ever to victimize wage earners, steal their identities and much-anticipated tax refunds.

Your Social security number, name and date of birth – that’s all a scammer needs – as easy and as low risk as that. Once they have a Social Security number in hand, the scammers can file a phony tax return in the victim’s name, claim a large refund and have it sent to a false address.

Last year, the IRS caught more than 1.8 million fake tax returns and prevented more than $12 billion in fraudulent refunds. It is estimated that about $21 billion in fraudulent tax refunds over the next five years can even be issued to scammers.

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