Hello? Is This Really the IRS, or Just a Scam?
No one enjoys getting a call from the IRS, but getting a call from someone who claims to be from the IRS, but who is really just a scammer, is even worse. However, according to the country’s top tax agency, that is exactly the kind of sophisticated and elaborate scam that has been going on lately.
The IRS says that the scam has occurred all over the country and has even taken aim at recent immigrants. According to the IRS, the scammers use fake names and IRS ID numbers. The scammers also apparently already have detailed information about the people they call and they are also able to alter their caller ID number so it appears to be coming from the tax agency.
The con artists then claim that the taxpayer owes money to the IRS and demand prompt payment for the debt. They also threaten jail time, license suspension or even deportation in some cases. The IRS absolutely does not use these kinds of tactics.
According to the IRS website it will never do the following things when it calls:
- Demand immediate payment. In fact, the IRS won’t even call you about taxes owed until mailing you first.
- Demand that you pay taxes without letting you question or appeal the amount you reportedly owe.
- Require you to use a specific payment method, like a prepaid debit card, for your taxes.
- Ask for debit or credit card numbers over the phone.
- Threaten to have you arrested by any law-enforcement groups for not paying your debt.
You can learn more about this and other tax-related scams by visiting the IRS consumer alerts page. You can also contact us at GROCO by clicking here.
Where Can You Find the World’s Best Tax Havens?
Where Can You Find the World’s Best Tax Havens? What’s your next vacation location: the Caribbean Tahiti, Bermuda, Belize, the Virgin Islands, or perhaps the Cayman Islands? These are all great choices and many of the world’s wealthiest individuals not only get to travel to these exotic locations on a regular basis, but many of…
Enjoy Them While They Last: End of Bush Tax Cuts Could Throw U.S. into Deeper Recession
Enjoy Them While They Last: End of Bush Tax Cuts Could Throw U.S. into Deeper Recession A few Senate Democrats recently made noise over ending the Bush Tax Cuts in January 2011 given the country’s economic prospects. Although many people have predicted that the end of the Bush Tax Cuts is a foregone conclusion, a…
Trusts for Children
Trusts for Children There is a new message that the very wealthy are delivering to their children, a message heard more and more often. And it is a message that could just as well be delivered to the children of parents with somewhat more humble accumulations of assets. To state it bluntly, the message is:…
Estate Planning for Highly Appreciated Stocks
Estate Planning for Highly Appreciated Stocks Despite the market reversals of 2000-2001, large unrealized gains still reside in many longheld stock portfolios built up during the record 1982-1999 expansion. How do such assets fit into an estate plan? Advantages over estate transfers Many estate plans include a program of regular gifts. From a tax perspective,…