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Tax Season Scams Surge: Experts Warn of Fraudulent Tactics Ahead of Deadline

Source: Yahoo Finance

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As tax season approaches, scammers are increasingly targeting individuals with a range of deceptive tactics, exploiting the urgency of filing deadlines and sensitive financial information. Experts warn of impersonation schemes, including lookalike communications from the IRS and fraudulent offers on social media, which create false urgency and fear. Additionally, "ghost" tax preparers pose a significant risk by preparing returns without signing them, often filing fraudulent claims to redirect refunds to their own accounts. With recent staff reductions at the IRS potentially limiting their response capabilities, vigilance is critical as the April 15 deadline approaches.

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Opens on Yahoo Finance