Tax Refund Scam
Tax Refund Scam: How It Scam Works
Online tax filing and its scams – it's happening again. This year, one of the biggest scams around is the Tax Refund or Free Tax Filing scam. It has a new twist. Let's see.
Scenario 1. What would you do if you'd get a call from the Government telling they can't process your taxes because somebody else ALREADY has filed them on your behalf? Who would that be? You'd freak out, right?
Watch the video below to see the Tax Refund scam exposed:
Scenario 2. You're checking your email when you notice a message that seems to be from the government regarding your tax return. The news is good – you're in line for a big refund! If you just submit your banking information, they can deposit the money right into your account for you.
You follow a link to an official-looking site featuring the government tax agency logo on it (IRS in the United States, CRA in Canada, HMRC in the United Kingdom, ATO in Australia, etc.) and fill in the blanks. Of course, there would be nothing wrong with entering your banking information, if it was, indeed, your government. It isn't, and you could stand to lose everything on your card.
Scenario 3: You get an email about your taxes, but this time, you get the email shortly after you submit. Your tax agency informs you that you can have all the payroll taxes refunded for a fee, usually one that's proportional to the amount you stand to get back (5%, 10%, etc.). They tell you the amount and ask you to wire the money. If you did so, you could kiss that money goodbye.
Tax Refund Scam: How To Avoid
The tax refund email scam is perpetrating all over the world, based on the same scheme. Please don't fall for it. Take the time to read up a bit on the process of tax returns in your country, if you aren't informed already. Always rely on professional accountants this time of the year, contact legitimate companies to prepare your papers, or use trustworthy services.
Tax Refund Scam: How To Report
Make your family and friends aware of the Tax Refund Scam by sharing it on social media using the buttons provided. You can also officially report the scammers to the Federal Trade Commission using the link below:
How to protect yourself more:
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