On the Naughty List: Holiday Tax Scams to Look Out For

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On the Naughty List: Holiday Tax Scams to Look Out For

//business-finance.news-articles.net/content/202 .. ghty-list-holiday-tax-scams-to-look-out-for.html

Published in Business and Finance on Tuesday, December 17th 2024 at 11:20 GMT by Kiplinger
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The IRS says scammers are on the prowl for your financial information. Know the signs so you don't fall victim.

The article from Kiplinger discusses various tax scams that become prevalent during the holiday season. It highlights how scammers exploit the festive period to deceive taxpayers through schemes like fake charities, where individuals are tricked into donating to non-existent or fraudulent organizations. Another scam involves phishing emails that mimic communications from the IRS or other tax authorities, aiming to steal personal information or money. The article also warns about the "IRS Refund" scam, where fraudsters claim you are due a refund but need your personal details to process it. Additionally, there are mentions of unscrupulous tax preparers who promise large refunds in exchange for a hefty fee, only to disappear after filing fraudulent returns. The piece advises taxpayers to be vigilant, verify the legitimacy of any tax-related communication, and use official IRS resources to check the authenticity of tax preparers and charities. It emphasizes the importance of protecting personal information and being cautious of unsolicited contacts, especially during the holiday rush when people might be more distracted or generous.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/taxes/naughty-list-holiday-tax-scams ]

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