Scammers are FISHING for YOUR MONEY!

 In Blog, Featured, Federal Tax Updates, Scam Alerts

Be aware — they’re fishing for YOUR MONEY.  Don’t let them catch it!  

The Internal Revenue Service today warned taxpayers about groups masquerading as a charitable organization to attract donations from unsuspecting contributors, one of the “Dirty Dozen” for the 2015 filing season.

“When making a donation, taxpayers should take a few extra minutes to ensure their hard-earned money goes to legitimate and currently eligible charities,” said IRS Commissioner John Koskinen. “IRS.gov has the tools taxpayers need to check out the status of charitable organizations.”

Compiled annually, the “Dirty Dozen” lists a variety of common scams that taxpayers may encounter anytime, but many of these schemes peak during filing season as people prepare their returns or hire someone to prepare their taxes.

Illegal scams can lead to significant penalties and interest and possible criminal prosecution. IRS Criminal Investigation works closely with the Department of Justice to shut down scams and prosecute the criminals behind them.

The IRS offers these basic tips to taxpayers making charitable donations:

  • Be wary of charities with names that are similar to familiar or nationally known organizations.  Some phony charities use names or websites that sound or look like those of respected, legitimate organizations.  IRS.gov has a search feature, Exempt Organizations Select Check, which allows people to find legitimate, qualified charities to which donations may be tax-deductible.
  • Never  give out personal financial information, such as Social Security numbers or passwords to anyone who solicits a contribution from you.  Scam artists may use this information to steal your identity and money.  People use credit card numbers to make legitimate donations but please be very careful when you are speaking with someone who called you.
  • Don’t give or send cash. For security and tax record purposes, contribute by check or credit card or another way that provides documentation of the gift.

Impersonation of Charitable Organizations

Another long-standing type of abuse or fraud involves scams that occur in the wake of significant natural disasters.

Following major disasters, it’s common for scam artists to impersonate charities to get money or private information from well-intentioned taxpayers.  Scam artists can use a variety of tactics.  Some scammers operating bogus charities may contact people by telephone or email to solicit money or financial information.  They may even directly contact disaster victims and claim to be working for or on behalf of the IRS to help the victims file casualty loss claims and get tax refunds.

They may attempt to get personal financial information or Social Security numbers that can be used to steal your identity or money.  Bogus websites may solicit funds for disaster victims.

To help disaster victims, the IRS encourages taxpayers to donate to recognized charities.

If  a caller is saying their are from the IRS and demanding money from you, give them our phone number, 559-924-1225, and tell them to call us — we handle all your IRS communication — Bressler & Company.

This information was taken from IRS Newswire dated 1/30/15.

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