As tax season approaches, seniors need to be extra vigilant when it comes to protecting their sensitive financial information. Tax-related fraud is a growing problem, and seniors are increasingly being targeted by online tax scams. Don't let scammers take advantage of you! Read on to learn how to protect yourself and maintain peace of mind during tax time.
Recognizing Tax Scams
It's essential for seniors and their family members to know the common signs and tactics used by fraudsters. One warning sign is receiving unsolicited contact from someone claiming to be from the IRS. Scammers often use threats of arrest, legal action, or other scare tactics to pressure you into making an immediate payment. Another red flag is when the caller demands your personal or financial information over the phone or via email.
Scammers have various methods of targeting seniors, and it's crucial to be aware of these tactics. Email phishing scams involve sending fraudulent emails that appear to be from the IRS or other legitimate sources, aiming to trick you into providing sensitive information or downloading malware. Phone scams involve callers impersonating IRS agents, demanding immediate payment, and threatening legal action. In-person scams, although less common, involve fraudsters posing as IRS agents and visiting you at your home to collect your personal information or money.
Avoiding Tax Scams
To keep yourself safe from tax scams, follow these simple tips:
1. Be Cautious of Unsolicited Contact from the IRS
Remember that the IRS generally initiates contact through the mail, not by phone or email. If you receive an unexpected call or email from someone claiming to be from the IRS, be skeptical.
2. Do Not Provide Personal or Financial Information
If a caller or email requests your Social Security number, bank account information, or other sensitive data, do not provide it. The IRS will never ask for this information over the phone or via email.
3. Verify the Legitimacy of an IRS Communication
If you're unsure whether a contact from the IRS is legitimate, call the IRS directly at 1-800-829-1040 to confirm.
4. Consult with a Trusted Family Member or Professional
If you feel unsure or uneasy about a communication from the IRS, discuss the situation with someone you trust before taking any action.
Steps to Take If You've Been a Victim of Tax Fraud
If you suspect that you have been a victim of tax fraud, do the following quickly to protect yourself:
Report the Scam to the IRS
Call the IRS at 1-800-829-1040 or complete the IRS Impersonation Scam Reporting form on their website.
File a Police Report
Contact your local law enforcement agency and report the suspected fraud.
Monitor Your Accounts for Any Suspicious Activity
Regularly check your credit reports from all three credit bureaus (Equifax, Experian, and TransUnion) and review your bank account and credit card statements for any unauthorized transactions.
Consider Placing a Fraud Alert on Your Credit Reports
A fraud alert makes it more difficult for identity thieves to open new accounts in your name by requiring additional identity verification.
Get Help and Protection for Yourself
As a senior, it's crucial to be proactive about recognizing and avoiding tax scams. By educating yourself and following the tips provided, you can protect your personal information and ensure a stress-free tax season. If you live in Waxahachie, Ennis, Mansfield, Midlothian, Alvarado, or Ellis County and need assistance with senior-related services, contact Senior Helpers Ellis County for support and guidance.