Greg's Corner

Tax season means time to look out for tax scams

By Greg Collier

With most employers releasing W2 forms to their employees, it’s time for most of us to start thinking about our tax returns. This year’s deadline is April 18th which will be here before you know it. However, it’s not just the deadline you may have to worry about. There are con artists out there looking to take advantage of your tax return.

The most common scam is one that takes place all year round, and it’s the IRS impersonation scam. Currently, the Better Business Bureau is warning consumers about receiving phone calls from people claiming to be from the IRS. Typically, these scammers will tell their victims they’re behind in their taxes and demand an immediate payment. Other scammers will say that you’re owed a refund and will ask for your bank account information. In either case, the IRS generally does not call people over the hone. If there was an issue with your return, you would be contacted through the mail.

Also, during tax season, a number of fly-by-night tax preparers will appear. If you intend to have a professional file your taxes, research that professional or company first. You should be wary of any tax preparer that intends to close up shop after the filing deadline. In case there is an audit, you’d want your tax preparer to be able to help you. Also, be wary of tax preparers who tie their fee to your tax refund. Fees are supposed to be based on how difficult it is to complete your tax return, not your refund.

Lastly, and the most devastating of tax scams, is when a scammer tries to file a return in your name. This is the main reason why you should file your return as soon as possible. If a scammer did file a return in your name, you’ll receive a letter from the IRS stating they’ve received duplicate returns. If you do become a victim of this scam, contact the IRS right away. The longer you wait, the more difficult it could be to get your tax return.