March 2010
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Watch Out!
It's the Season for Tax Scams
If you need to file a tax return, don’t fall
for this trap: An official-looking email
pops up in your inbox from the Internal
Revenue Service (IRS) requesting
information to process your tax refund.
There’s a link to follow with an urgent
message: “Enter account numbers
here to avoid further delay.” In a
matter of clicks, your identity is stolen,
your financial accounts have been
compromised, and your tax refund has
been diverted to an overseas account.
Are they targeting you?
Common tax scam scenarios include:
- Emails or phone calls claiming to
come from the IRS to gather your
personal or financial information.
- Dishonest tax return preparers who
promise unreasonably large refunds
and falsify tax returns – for which
you’re responsible.
- Tax-filing services that file on your
behalf using fake routing numbers
so you never get your tax refund.
- Offers for “tax relief” or assistance
to reduce the amount you owe the
government.
In many of these scams, you’ll pay high
fees and get nothing in return – except
huge headaches and possible legal
ramifications. Play it smart this tax
season and protect yourself from
scams with these tips:
Never give out personal or financial
information in response to an email
or phone call you did not initiate. Do
not open links in unsolicited email
messages claiming to come from the
IRS. Call 800.829.1040 to confirm
the authenticity of any contact you’ve
received from the IRS.
Be suspicious of tax preparers
encouraging you to make false claims on your tax return, or promising larger
or faster refunds if you pay high fees.
File electronically, which is faster and
more secure than sending your tax
return in the mail. Choose direct deposit by entering your account numbers and
DCU’s routing number, 211391825,
on your tax forms.
To learn more about paying your taxes
and avoiding scams, visit the IRS at
irs.gov.
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