Hackers file fake tax returns in scheme to steal IRS refunds

It may be open season for coronavirus scammers, but tax frauds aren’t letting up, either. Attackers tried obtaining large tax refunds by posing as clients of Weber and Company, the California-based accounting firm revealed last week. The scammers apparently accessed clients’ personal data — including, perhaps, Social Security numbers and bank account information — and used that to file fraudulent returns, Weber and Company said in a notification to California’s attorney general. The IRS and the FBI are investigating the matter, the company said. The number of attempted IRS scams tends to increase every year in March and April in the U.S., as legions of crooks try to steal Americans’ refunds. Earlier this month, the IRS said attackers exploiting the COVID-19 crisis could use stolen data to commit tax fraud. In 2016, the IRS said attackers had attempted to breach its online filing portal and steal Social Security numbers. For years, lawmakers have debated the proper response to incidents of this kind. It was not immediately clear […]

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New IRS Site Could Make it Easy for Thieves to Intercept Some Stimulus Payments

The U.S. federal government is now in the process of sending Economic Impact Payments by direct deposit to millions of Americans. Most who are eligible for payments can expect to have funds direct-deposited into the same bank accounts listed on previous years’ tax filings sometime next week. Today, the Internal Revenue Service (IRS) stood up a site to collect bank account information from the many Americans who don’t usually file a tax return. The question is, will those non-filers have a chance to claim their payments before fraudsters do? Continue reading New IRS Site Could Make it Easy for Thieves to Intercept Some Stimulus Payments

Watch out for the new wave of COVID-19 scams, warns IRS

If somebody promises to get your economic impact payment fast, back away: it’s just one flavor of COVID-19 scam the tax agency is seeing. Continue reading Watch out for the new wave of COVID-19 scams, warns IRS

IRS scams during tax season target unsuspecting consumers

Scam robocalls and phishing emails disguised as banks continue to trick consumers to put their personal information at risk, and tax season is no exception. Increase in potential threats During this time of the year consumers need to be aware of the in… Continue reading IRS scams during tax season target unsuspecting consumers

A Light at the End of Liberty Reserve’s Demise?

In May 2013, the U.S. Justice Department seized Liberty Reserve, alleging the virtual currency service acted as a $6 billion financial hub for the cybercrime world. Prompted by assurances that the government would one day afford Liberty Reserve users a chance to reclaim any funds seized as part of the takedown, KrebsOnSecurity filed a claim shortly thereafter to see if and when this process might take place. This week, an investigator with the U.S. Internal Revenue service finally got in touch to discuss my claim. Continue reading A Light at the End of Liberty Reserve’s Demise?

Preventing Tax Identity Theft, FTC and Robocallers, Google Photos Incident

In episode 107 for February 10th 2020: preventing tax identity theft and other tax scams, the FTC taking a stand against companies that support robocallers, and details on the incident where videos from Google Photos were being sent to strangers. ** Sh… Continue reading Preventing Tax Identity Theft, FTC and Robocallers, Google Photos Incident

2020 Tax Season Scams Already Underway

2020 tax scams are already underway. Here’s what you need to know to stay safe in the new year The 2019 tax year just ended, which means scammers are now working harder to sink their claws into the unsuspecting and gullible in 2020. These con ar… Continue reading 2020 Tax Season Scams Already Underway