Friday, January 6, 2012

Tax Scams and Consumer Alerts from the IRS

In the animal kingdom, the weak are preyed upon by the strong. Lions eat the gazelles and life goes on. Unfortunately this also applies to our own society. In our weakened economy, people are far less likely to find the owner of an envelope full of one hundred dollar bills if they found it on the ground. If the opportunity presents itself, not every human being will do the right thing.

Those people are also the reason we are plagued with scams and other forms of misrepresentation that cheat other people out of their hard-earned money and possessions. This also rings true for taxes, and the IRS has released a great deal of information to not only educate yourselves on what to watch out for, but to also alert their consumers of the growing trend of identity theft and other ways to unlawfully procure your assets.


Tax Scams:
The golden rule to remember is simple, “If it sounds too good to be true, it most likely is.” If you know of anyone who is trying to commit tax fraud, the Internal Revenue Service has a specific form to complete: Form 3949-A. This form can either be downloaded from the IRS website, or you may call 1-800-829-3676 to receive it by snail-mail.

There are quite a few Tax Scams that are already known about that you should report immediately if you find them. I won't go into any detail on any one type of scheme, as the information can be found at this url: http://www.irs.gov/businesses/small/article/0,,id=106788,00.html
  • Anti-Tax Law Schemes
  • Abusive Home-Based Business Schemes
  • Abusive Trust Schemes
  • Abusive Offshore Schemes
  • Employee Plans Abusive Tax Transactions
  • Exempt Organization Abusive Tax Avoidance Transactions

Identity Theft Scams:
The Internal Revenue Service has given several warnings about people using the IRS name or logo and trying to unlawfully acquire your financial information in order to steal not only your identity, but also your money! These scam artists will fabricate official-looking documents using regular mail, fax, email or even call you on the telephone!

The IRS will never initiate taxpayer communications through electronic mail. All emails in this fashion should be reported at phishing@irs.gov.

As with any other phishing scams, even clicking on links or attachments can download a virus onto your computer, which could compromise it's integrity and the safety of your information stored on the device.

Any fraudulent attempts at your tax information should be taken very seriously. Please report anything out of the ordinary to Treasury Inspector General for Tax Administration at 1-800-366-4484.

With the economy in the shape it's in, we need all the money we make just to make end's meat. Don't let someone take advantage of you and your personal information to make their life easier by making your life harder. We at Online Tax Pros hope you can benefit from this information and have a great tax season!

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