Monday March 22, 2010 4:27 AM ET
SmartMoney
Published February 4, 2008  |  A A A
Deal of the Day by Kelli B. Grant (Author Archive)

Three Tax Scams to Keep an Eye Out For

IDENTITY THIEVES HAVE found a way to make tax season even more taxing.

The Internal Revenue Service recently issued a press release warning consumers about a slew of new scams where identity thieves contact taxpayers pretending to be IRS agents.

"Filing season always triggers a lot of scams," says Michelle Lamishaw, an IRS spokeswoman. "There are so many even we can't keep them straight anymore." Many are newfangled twists on age-old frauds, such as the year-round streams of spam promising to unearth unclaimed tax refunds.

Here are the three latest scams the IRS is alerting consumers about this year:

President Bush's economic stimulus package, which proposes tax rebates of $600 to $1,200 to individuals and married couples, has yet to pass the Senate. But a few industrious scammers are already hard at work exploiting it. Claiming to be an IRS employee, identity thieves call consumers and insist that they must provide their bank account information in order to receive their rebate. If the consumer refuses to divulge the details, the scammer tells them they're not going to receive the rebate.

Just hang up on anyone calling you about the tax rebate. "President Bush will make sure the signing of this bill is on the six o'clock news," says John W. Roth, a senior tax analyst with trade publisher CCH. Even when it does pass, the amount of the credit you receive is based on this year's return. You won't see any IRS communications about your specific eligibility until after filing season, he says. And those would be sent by mail, not via email or phone.

If an email promising a tax refund pops up in your mailbox, delete it. These scam emails will address you by name and promise you a rebate of a specific amount. The idea is to try and entice you to follow a link and enter personal and financial data in order to claim your rebate.
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User Comments
Posted by: SFTeiper
There is a major CPA problem in Nebraska. The Nebraska Board of Public Accountancy blessed the usage of a client's Social Security number by a Nebraska CPA to be that person. I know because I have my CPA on tape using my Social Security number to be me. He wanted financial information about my life insurance policy. I never gave him or anyone permission to use it. He receive a 3 month probation.

THEREFORE, BE VERY CAREFUL IF YOU USE A CPA FROM NEBRASKA!
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