HomeUS NewsIRS Issues New Warning to Taxpayers, Innocent Americans Can Become Criminals Overnight...

IRS Issues New Warning to Taxpayers, Innocent Americans Can Become Criminals Overnight If They Do This

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Friday, the Federal Revenue Service issued a fresh alert to taxpayers on possible tax frauds during filing season. These scams can result in both money losses and criminal prosecutions for otherwise innocent Citizens who participate in illicit operations inadvertently.

According to a news release on the IRS website, fraudsters are urging filers to misrepresent Form W-2 salaries in order to submit fraudulent tax returns and request refunds. The IRS cautions people who submit fraudulent tax returns that they may face penalties and investigations.

This form of fraud is not new, but it continues to be widespread and pervasive during tax season.

Social media-based tax schemes have been the subject of another new IRS advisory.

The government advises taxpayers to be watchful and careful when interacting with social media posts that promise tax-related services or advice, as scammers may use social media to trick unwary taxpayers into divulging personal information or making false payments.

The IRS cautions people against responding to unwanted phone calls, emails, and text messages. Also, the agency cautions taxpayers that it will never approach them via social media or request personal or financial information by phone or email.

While some tax frauds are obvious, others can be deceptive and difficult to identify.

As reported by The Epoch Times, one such scheme includes luring innocent taxpayers into becoming criminals.

Swindlers may offer to pay victims to exploit their bank accounts to obtain false tax refunds. The con artist then withdraws the funds and promises to return a portion of them to the victim.

This form of fraud not only exposes innocent taxpayers to the possibility of criminal prosecution, but also enables money laundering and other unlawful actions.

The IRS urges taxpayers to be wary of any offers to receive refunds or payments through a third party’s bank account.

To defend oneself against tax frauds, experts advise taxpayers to be proactive and safeguard their personal and financial data. This includes employing strong passwords, keeping software up to date, and sending sensitive information over secure networks and websites.

More on this story via The Western Journal:

In addition, taxpayers should review their credit reports regularly and monitor their bank and credit card statements for any suspicious activity.

If taxpayers suspect that they have been the victim of a tax scam, they should contact the IRS immediately and report the incident to the appropriate authorities. CONTINUE READING…

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