Common tax return scams to watch out for in 2022

Common tax return scams to watch out for in 2022

The due date for filing your taxes is just 10 days away as of writing, and as tax filers scramble to gather needed information to finish (or start) their filing – scammers are looking for ways to take advantage of the mad dash that occurs for many Americans every year.

The IRS has put together a compilation of scams they’re seeing this year, and they mention that scams may not be limited to the virtual space. Scammers may also call, mail or even show up to your door in person. So, it’s a good idea to be extra vigilant when protecting your PII (personal identifying information).

The “Tax Transcript” scam is one that commonly targets businesses, many employees will use their business email when they sign up to do their taxes and may expect communication from the IRS to come there, but scammers will send fake communications with malware attached instead. Users may click without even thinking twice (especially as email scams of this nature can be very convincing). See below for an example.

IRS Scam Email Example

IRS Tax Email Scam Example. Credit: https://www.irs.gov/

IRS scam calls are also another common tactic. It’s a good time to reiterate that the IRS will NEVER call you asking for personal information. This news segment found on YouTube shows a scammer in action, these calls may increase as we get closer and closer to the filing deadline. You shouldn’t give out your personal information even if they have things like your address or full name (scammers will often do some research on you before calling).

Another scam aimed at businesses is one where the scammer will pose as a member of the accounting department where you work, they know many people will not question a call or email coming from a work authority. It may be a good idea if you’re a business owner to send out an email or have your accountant contact your employees to mention that like the IRS you will NEVER call or email unprompted requesting private information.

Stolen Identity Refund Fraud or SIRF is a very lucrative business, 2.8 million false returns were filed in 2018 with a potential worth of $16 billion dollars. It’s important to guard the PII information criminals need to file a false tax return on your behalf. Here are 5 steps you can take to safeguard your information:

  1. The easiest? Have a good spam filter enabled on your email, that way many of these phishing scams won’t even make it to your inbox.
  2. Check emails for signs it’s a phishing scam, we wrote an article on what to look for. Two standouts are an email domain that doesn’t match the sender (an IRS email won’t come from a Gmail account) or links that when you hover on them don’t match where they say they go.
  3. Check with the purported sender, if the email looks like it’s coming from within your office network, but the email contents just don’t seem right – follow your gut and follow up with your department.
  4. If you receive a call from a number you don’t recognize claiming to be the IRS or the authorities, try Googling the number. Many people will share information about experiences with scam numbers online as a way to warn others.
  5. If you’ve already given your PII to a scammer, contact the major credit bureaus to freeze your credit and contact the IRS to report it ASAP. The IRS has steps in place for helping victims of identity theft, the sooner you act the sooner you can put a stop to the scammer’s activity under your identity.

Employee training is the best defense for business owners who want to prevent scams such as these ones as well as other cyber threats from effecting their business. Valley Techlogic offers security awareness training as well as top of line cyber security defense systems as part of all of our technology packages. Learn more today.

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This article was powered by Valley TechLogic, an IT service provider in Atwater, CA. You can find more information at https://www.valleytechlogic.com/ or on Facebook at https://www.facebook.com/valleytechlogic/ . Follow us on Twitter at https://twitter.com/valleytechlogic.