Tuesday, March 27, 2018

A New Tax Scam, and Tips on How to Deal With It

Obtained From: New York Times

If you weren’t expecting an income tax refund but discover a big deposit from the Internal Revenue Service in your bank account, don’t be quick to celebrate. You may have been the target of a clever new scam.

The latest twist in tax-time identity fraud involves thieves who pilfer personal and financial information, often from professional tax preparers. They then use those details to file fake tax returns and have refunds — sometimes as large as $20,000 — sent electronically to your account with plans to collect it later.

 The I.R.S. initially warned about the scam on Feb. 2, urging tax professionals to “step up security and beware of phishing emails that can secretly download malicious software that can help cybercriminals steal client data.”

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