Taxpayers must be cautious of tax scams and fraud from "summary" of Income Tax Fundamentals 2021 by Gerald E. Whittenburg,Martha Altus-Buller,Steven Gill
Taxpayers must always exercise caution and vigilance when it comes to tax scams and fraud. Scammers are constantly evolving their tactics to deceive unsuspecting individuals, making it crucial for taxpayers to stay informed and on guard. It is essential to be aware of the common types of scams that are prevalent, such as phishing emails, phone scams, and identity theft. Phishing emails are often designed to resemble official communication from the IRS or other tax authorities, tricking individuals into disclosing personal information or clicking on malicious links. Taxpayers should never provide sensitive information via email and should always verify the legitimacy of any requests for information. Phone scams involve fraudsters posing as IRS agents and threatening individuals with legal action or arrest if they do not make immediate payments. Taxpayers should be wary of unsolicited calls demanding payment and should hang up if they suspect a scam. Identity theft is another prevalent form of tax fraud, where criminals use stolen personal information to file fraudulent tax returns and claim refunds. Taxpayers can protect themselves by safeguarding their personal information and monitoring their credit reports for any suspicious activity.- Staying informed and cautious is key to protecting oneself from falling victim to tax scams and fraud. By being aware of common tactics used by scammers and taking proactive measures to safeguard personal information, taxpayers can reduce the risk of becoming a victim of fraudulent activities.
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