Over 1,000 Taxpayers Scammed Out of $5.25 Million Under the Guise of IRS Collections

Over 1,000 Taxpayers Scammed Out of $5.25 Million Under the Guise of IRS Collections

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Virginia One of the Top Five States Hit With IRS Impersonation Scams

Author: Sarah B. French | Senior Tax Associate

Scammers are becoming more determined to gain access to your personal information and money.  In the past year alone, these con artists have deceived over one thousand taxpayers out of over $5.25 million, according to Timothy Camus, deputy inspector general for investigations at the Treasury Inspector General for Tax Administration.

“Impersonation Scams” continue to be to the number one issue for the Tax Administration, per Camus.  These scams are prevalent in every U.S. State, with the top five states being California, New York, Virginia, Texas and Florida.  Scammers are also turning to technology to mislead taxpayers into thinking they are with the IRS by utilizing caller ID systems that make the incoming calls appear to be from an IRS office.  The scammers may also try to send phishing emails, but it is important to know that the IRS does not initiate contact with taxpayers by email, texting or any social media.

While technology is quickly becoming a popular tool for these scammers, Keiter is using technology such as Sharefile to ensure your personal and business information stays safe and secure.

If you receive any correspondence from a tax agency and want to ensure its authentication, the IRS has guidance located on their website at http://www.irs.gov/uac/Report-Phishing or you may contact your Keiter tax advisor at 804.747.0000.

Sources:
  1. Hoffman, W. (2014, August 13). IRS Agent Impersonations Are Most Prevalent Identity Theft. Tax Analysts.
  2. IRS Reiterates Warning of Pervasive Telephone Scam. (2014, August 14). Retrieved from http://www.irs.gov/uac/Newsroom/IRS-Reiterates-Warning-of-Pervasive-Telephone-Scam

About the Author

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

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