Celtic Bank Blog

Beware: Tax Scams

Beware: Tax Scams

It’s tax season, and every year the IRS issues a warning to US citizens of the latest attempts by con artists at tax scams. This year however the IRS has issued its most urgent warning yet, they claim that already a scam has taken thousands of Americans for over a million dollars. Apparently people claiming to be IRS agents have demanded tax payments from over 20,000 victims. But that is just the tip of the iceberg when it comes to tax scams this year – the IRS has issued a list of 12 tax scams that have the potential to affect any taxpayer. This year the list includes identity theft, which leads to tax fraud. Identity theft has been near the top of the scam list for the past five years, but is still commonly used by criminals to get tax refunds. The list also includes phishing and hiding income offshore as well as impersonating nonprofits and misuse of trusts. For more information on tax scams, how you can avoid them, and what to do if you are being investigated visit the IRS.

Surge in Successful Women-Owned Businesses
5 Tips to Help Get Your SBA Loan Request Approved