Tax time us upon us once again, and the tax scammers are out in force!
This is certainly the season to be on the lookout for scams and schemes which offer to help you reduce or eliminate your tax debt.
Many consumers are unaware that the IRS has a division called the Taxpayer Advocate Service. This is a division within the IRS that is designed to assist consumers who have trouble getting certain tax issues resolved with the IRS. One of the tough issues that could complicate your relationship with the IRS is tax-fraud.
Tax related identity theft places an unusual burden on both the taxpayer and the IRS:
According to the IRS’s Taxpayer Advocate Service:
“Resource constraints also are limiting the IRS’s ability to assist victims of tax-related identity theft. Tax-related identity theft typically arises when an identity thief uses the Social Security number of another person to file a false tax return with the intent of obtaining an improper refund. Identity theft can impose a significant burden on its victims, whose legitimate refund claims are blocked and who often must spend months or longer trying to convince the IRS that they are, in fact, victims and then working with the IRS to untangle their account problems.”
Here are 5 scams to watch out for this tax season. Continue Reading…