Financial Loss Due to Tax Loss Exceed $20 Million

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Due to recent tax scams, the Internal Revenue Service has advised taxpayers to be cautious.

According to a press release from the IRS, the Treasury Inspector for Tax Administration (TIGA) has received reports from an estimated 600,000 contacts, which began in October, 2013. TIGA was also made aware of thousands of individuals who were victimized by tax scams that exceeded $20 million.

The IRS advised individuals that tax scam criminals usually act as IRS agents who commonly target those who are vulnerable, which include immigrants, senior citizens, and those who are not native English speakers.

The tax scammers act as IRS agents through emails, telephone calls, or letters and try to receive financial information from potential victims. Although the individuals mentioned are usually targeted, the IRS stated that currently tax scammers are attempting to violate “virtually anyone.”

Tax scammers are using improved methods by using telephone numbers that appear to be official government agencies when listed on a caller ID, which can include the Department of Motor Vehicles. Though online resources, tax scammers even attempt to learn information about victims in order to retrieve financial information. It is important for potential victims to stay calm and not react immediately, but to stay calm and analyze what is happening.

Check out more IRS News stories by clicking that link.

Law Offices of Darrin T. Mish, P.A.: Tax Attorney

15421 N Florida Ave
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United States (US)
Phone: (813) 229-7100
Email: contactus@getirshelp.com
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