What's New! SMB's Monthly Column....
The timely re-birth of SMB’s monthly column, tackles an issue that just won't go away and in contrast, continues to grow even more implausible tentacles, keeping authorities busy spreading awareness about these menaces. IRS impersonators prey on fear and ignorance, swindling millions of dollars from victims, using fraudulent schemes, ranging from demands of gift card payments to threats of immediate arrest.
TIGTA, the office of the Treasury Inspector General for Tax Administration, recently released a scam update, citing that IRS impersonators are demanding payments for alleged outstanding tax debts not only with iTunes cards and other reloadable or prepaid credit cards, but now with Google Play gift cards. Nuts! It seems unfathomable that criminals actually succeed with a scheme based on such a premise! Sadly, these tactics work for a number of reasons:
Though these schemes are ever-changing, our advice remains consistent:
Be prepared. Tax filing season is a popular time for these calls. Please contact us if you want to discuss this information or other ways you can protect your tax identity.
Lisa P. Buff, CPA, CDFA