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In fact, you might be so busy during tax season that you fail to recognize the signs of a tax scam. If the IRS sends an email asking you to divulge personal or financial information, you’re ...
An overpayment scam, also known as a refund scam, is a type of confidence trick designed to prey upon victims' good faith.In the most basic form, an overpayment scam consists of a scammer claiming, falsely, to have sent a victim an excess amount of money.
The IRS has announced that attributing tax liability to a "strawman" is a frivolous position [42] that can result in a $5,000 administrative penalty. [43] It included the Form 1099-OID variation of the redemption scheme in its "Dirty Dozen" list of prominent tax scams every year from 2009 to 2019.
Tax refunds are often a financial boost for Americans, but they’ve increasingly become the target of scammers who can use your identity to recover whatever money is owed by Uncle Sam.
The Internal Revenue Service, in an alert, said a series of tax scams and inaccurate social media advice had led thousands of taxpayers to artificially inflate their refund claims. The bad advice ...
Nobody likes paying taxes. But given the choice between paying taxes and getting cheated out of your money by fraudsters, well, most people would pick the taxman over the criminal. Yet that doesn't...
With tax season in full swing, it’s crucial to be aware of fraud and scams that can cost you more than your tax return. Over the past two years, there have been over eight million suspicious ...
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