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.
“E” Reorganization
“E” Reorganization The “E” reorganization is defined as a re-capitalization – the exchanges of stock and securities for new stock and/or securities by the corporation’s shareholders. It involves only one corporation and the re-configuration of its capital structure. Stock for stock Differences in the voting rights, dividend rates, and preference on liquidation are ignored. Bonds…
Job Openings
Job Openings CAREERS Our team is committed to building a one-on-one relationship with our clients, providing the attention, commitment and expertise they deserve. We contact all of our clients on a regular basis to ensure that their expectaions are met and exceeded. We are looking for attentive employees with high values and a desire to…
Internships
Accounting Intern Greenstein, Rogoff, Olsen & Co., LLP (GROCO), is a full service Certified Public Accounting firm with offices in Fremont (near BART) and Palo Alto (in the heart of Silicon Valley). We currently are seeking a Tax Intern. For over 50 years, GROCO has consistently ranked as one of the top accounting firms in…
Lending Money to Your Corporation
Lending Money to Your Corporation By Alan L. Olsen, CPA, MBA (tax) Managing Partner Greenstein, Rogoff, Olsen & Co. LLP Starting a business takes a substantial amount of money and effort. There is a correct process to go through if you want to lend money to a corporation. First, you must properly document the transaction.…