Newspaper article The Florida Times Union

Beware of Scams, Con Artists Posing as Agents for IRS

Newspaper article The Florida Times Union

Beware of Scams, Con Artists Posing as Agents for IRS

Article excerpt

The Internal Revenue Service investigates hundreds of scams each year that involve people pretending to work for legitimate tax agencies.

One of the most common scams involves telemarketers who pressure victims to wire money to a "taxation bureau" before a cash prize can be delivered.

In another scam, con artists pose as IRS agents conducting an audit. They gain access to victims' Social Security numbers, credit cards and checking account information. The con artists then are able to request new cards in the victims' names with different addresses.

To avoid being a victim of a tax scam, remember:

Federal taxes usually are withheld from cash prizes, so winners in a legitimate sweepstakes or lottery would receive prize money minus the taxes.

Winners receive a federal form. It states the amount of federal taxes withheld from the winnings as well as the total winnings that must be declared when filing income tax returns.

If the prize is a car or a trip, the winners will receive a form that reflects the value of the item as income to be reported. …

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