IRS ALERT: Two New Tax Scams

The IRS remains on the lookout for tax scams that can blindside unsuspecting taxpayers. Now two variations of past scams are currently making the rounds. Here's what you need to know:
 


The new scams
 
The SSN hustle. This scam resembles another where callers impersonate IRS agents. In this version, the scammer claims to be able to suspend or cancel your Social Security number (SSN) because of some overdue taxes. Even if you don't answer the call, they will leave a robocall voicemail in hopes that you will call back.

Action: Hang up the phone immediately or delete the voicemail.
 
Fake tax agency. With this scheme, you receive a letter threatening an IRS lien or levy. The lien or levy is based on bogus delinquent taxes owed to the Bureau of Tax Enforcement. But there's a catch - that agency doesn't exist!

Action: Remember, letters regarding a federal tax issue will come directly from the IRS. Letters claiming to be from this fake agency can be shredded and disregarded.

Clues to identify any IRS scam
 
You can avoid a tax scam by understanding that the IRS (or its authorized private collection firms) will NEVER:
 

• Call to demand immediate payment using a specific payment method such as a prepaid debit card, gift card or wire transfer.
• Threaten to have local police or other law enforcement groups immediately arrest a taxpayer for failing to pay tax.
• Demand that taxes be paid without giving the taxpayer the opportunity to question or appeal the amount owed.
• Request credit or debit card numbers over the phone.

 
Protect yourself and others
​
If you are contacted by someone threatening action because of unpaid taxes, don't give out any personal information. If it's a phone call, hang up immediately and contact the IRS directly at 1-800-829-1040. If it's an email, don't respond, click any links or open any attachments. Forward the email to [email protected] and delete it.
 
Other questions? Don't hesitate to call!

​"Tax Tips" are published to provide current tax information, tax-cutting suggestions, and tax reminders. If you would like more information on anything in "Tax Tips," or if you'd like to be on our mailing list to receive other tax information from time to time, please contact our office.
 
The tax information contained in this site is of a general nature and should not be acted upon in your specific situation without further details and/or professional assistance.
 
We are trusted CPA advisors servicing Burr Ridge, Hinsdale, Willowbrook, Darien, Naperville, and all Chicagoland area. 

Do you need assistance with your business and/or personal tax returns? Would you like to have a trusted source for your accounting, allowing you additional time to focus on increasing your business? Do you use QuickBooks, or plan to in the future, for your accounting? We include these in all our service packages, customized to fit your personal or business needs.   
 
We are currently accepting new clients. Your initial consultation is free, so you have nothing to lose and everything to gain. Our experienced staff is available to help you streamline your accounting, giving you more free time for yourself. Set up an appointment today by calling (630) 320-3720 or email us at [email protected]. 
 
For more free resources, such as Tax Rates, Tax Organizers, and Record Retention Schedules, access our website www.monarchaccountinggroup.com.

Monarch Accounting Group, Inc
145 Tower Drive, Suite 4
Burr Ridge, IL 60527
Phone (630) 320-3720

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