Tax Scams - Protecting Yourself from Fraud

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Episode Transcript

(00:02):
Tax scams are a common form offraud that can lead to financial loss and
identity theft. Scammers often use tacticssuch as phone calls, emails, and
fake websites to trick taxpayers into sharingpersonal and financial information. In this episode,
we will discuss tax scams and howto protect yourself from fraud. One
of the most common tax scams isphone scams. Scammers will call taxpayers and

(00:24):
pose as IRS agents, demanding immediatepayment for taxes ode or threatening legal action.
They may also ask for personal andfinancial information, such as social security
numbers and bank account information. Itis important to remember that the IRS will
never call you to demand immediate paymentor ask for personal information over the phone.
Another common tax scam is phishing emails. Scammers will send emails that appear

(00:47):
to be from the IRS or otherlegitimate sources, asking for personal and financial
information. These emails may contain linksto fake websites that look legitimate but are
designed to steal your information. Itis important to be cautious of emails for
personal or financial information and to neverclick on links or download attachments from unknown
sources. To protect yourself from taxscams, there are several steps you can

(01:10):
take. Be cautious of unsolicited phonecalls or emails. If you receive a
phone call or email asking for personalor financial information, be cautious and do
not provide any information until you canverify the legitimacy of the request. Use
a trusted tax professional. Work witha qualified tax professional to file your tax
returns and provide advice on tax matters. Keep your personal information secure. Keep

(01:32):
your social security number, bank accountinformation, and other sensitive information secure,
and only share it with trusted sources. Use strong passwords. Use strong,
unique passwords for all online accounts andchange them regularly. Stay inform, Stay
up to date on the latest taxscams and fraud tactics, and report any
suspicious activity to the IRS and conclusion. Tax scams are a common form of

(01:53):
fraud that can lead to financial lossand identity theft. Scammers use tactics such
as phone calls, emails, andfake websites to trick taxpayers into sharing personal
and financial information. To protect yourselffrom tax scams, be cautious of unsolicited
phone calls and emails, Use atrusted tax professional, keep your personal information

(02:13):
secure, use strong passwords, andstay in form. By taking these steps,
you can protect yourself from fraud,and ensure a successful tax season.