Aside from preparing your taxes and financial statements, also ensure you have improved virus protection to prevent being scammed and losing a huge amount of money. The IRS has warned people about scams that may attack during the tax season. They call these “The Dirty Dozen”.
According to the IRS, it is important to increase virus protection to ensure people won’t become victims of The Dirty Dozen. Here are some of the scams they referred to in their recent report:
- Identity theft – This is the most common form of scam that happens during the tax season. It happens when someone gets ahold of your personal information including your complete name and Social Security Number which they can use to impersonate you and access your finances and funds. Once they gain access to your financial accounts, they can do anything with your money including transferring it to their accounts or withdrawing them all.
- Phishing – This type of scam usually happens through emails or websites. When you clicked a link from a fraudulent website or an attachment in an email from an unknown sender, you will be directed to a landing page which will prompt you to provide your personal information including your credit card numbers. Once you give away these information, you can never get it back. They will use your details to get to your money or mess up your tax information.
- Fraud preparers – A big portion of taxpayers hire professionals to prepare their tax returns. If you are not careful in hiring individuals to help you with your taxes, you’ll end up receiving less of your tax returns than what you should have received when you hired a certified professional. Other than this, you also put yourself at risk for identity theft as the tax preparer will require to have access to your personal information to be able to help you prepare your taxes.
- Hiding money offshore – Some people may entice you to hide your money in an offshore account to lower your taxable income. The IRS warns against these individuals because instead of creating an offshore account and keeping your money safe, they will actually run away with your hard earned money.
- Free money from the IRS – Some scammers give away flyers telling people that they can file for a tax return without going through the usual lengthy documentations and processes. Keep in mind, though, that this is not possible. The IRS doesn’t accept tax returns without the proper documentations.
- Fake charitable organizations – Another way that scammers can get hold of your money or personal and financial information is by impersonating charitable organizations. They will go to you and ask for a donation to help people who were affected by recent natural disasters or to add to their scholarship funds.
To avoid getting scammed, the IRS recommend increasing your virus protection and safely keep your personal and financial information hidden. Do not just give your social security number to anyone. If possible, personally handle all transactions that require the use of your social security number to limit the number of people who knows the information.
Contact PCRx now for more virus protection tips this tax season.
408 Main Street
Conway, SC 29526
Your virus protection experts!