Scam

Watch Out for These 2017 Tax Scams

Tax season is in full swing… and tax scams are everywhere.  

How can you can tell if a crook is claiming to be the I.R.S. in an effort to steal your money or personal information? Watch for these giveaways.     

The I.R.S. will never call you to demand immediate payment of income taxes. Anyone owing federal taxes first receives a written notice from the agency, in the form of a bill.   

The I.R.S. never leaves a taxpayer with no chance of appeal. Taxpayers are perfectly within their rights to question and contest I.R.S. claims that they owe federal taxes.   

The I.R.S. never threatens to sue taxpayers. A call, email, or letter threatening legal action with regard to your taxes is not an Internal Revenue Service communication.   

The I.R.S. never calls the police or sheriff to arrest taxpayers. It does not hire local law enforcement officers to collect taxes. 

The I.R.S. never asks for your credit or debit card number over the phone. Anyone who does this is a criminal preying on you. If a caller demands that you pay taxes using a prepaid debit card, this is a dead giveaway of a scam.  

If you think you may have been victimized by a tax scam – either this year or in previous years – you should take the following actions:   

*Go to the U.S. Treasury’s website. Visit treasury.gov/tigta/contact_report_scam.shtml, the Treasury Inspector General for Tax Administration’s IRS Impersonation Scam Reporting web page and report what happened to you. 

*Go to ftc.gov, the website of the Federal Trade Commission. Report what happened to you via the “FTC Complaint Assistant,” and put “IRS Telephone Scam” in the comments window.1 

Lewis Wealth Management can be reached at 217-337-5584, nate@paullewis.com, or www.paullewis.com.

Securities and Advisory Services offered through Triad Advisors Member FINRA/SIPC.

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment. 

 

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