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Common Tax Scams & How To Avoid Them: Refund Fraud Prevention Guide Released

Trustway Accounting (205-451-1945) has released a new guide with essential tips to help taxpayers recognize scams and protect themselves from falling victim.

-- The newly released guide outlines the most common tax scams, explains how the IRS communicates with taxpayers, and provides actionable steps to help readers safeguard personal and financial information.

More details can be found at https://trustwayaccounting.com/post/signs-tax-scam-avoid-victim-fraud

Tax-related identity theft occurs when criminals use a taxpayer’s personal information to fraudulently file a return and claim a refund. In 2023 alone, the IRS flagged over 1 million tax returns for potential identity theft, and since 2012, criminals have stolen more than $11 billion in refunds.

The guide explains that scammers frequently pose as IRS representatives, using phone calls, emails, and text messages to pressure individuals into making immediate payments. Trustway Accounting emphasizes that the IRS does not initiate contact via phone or email regarding unpaid taxes, audits, or refunds and will never ask for payments via gift cards, wire transfers, or prepaid debit cards. Instead, official IRS communication is conducted through written notices on official IRS letterhead sent by mail.

To verify the legitimacy of IRS correspondence, the guide recommends that taxpayers contact the IRS directly by calling their helpline and provides step-by-step instructions on how to check tax return status using official online tools such as "Where’s My Refund" and the IRS Online Account. It also highlights key resources, including the Taxpayer Advocate Service, which allows individuals to directly confirm any notices they receive.

Trustway Accounting also shares best practices for protecting oneself against scams, such as avoiding unsolicited requests for personal information and working with certified tax professionals. Given that tax scams tend to peak between January and April—when 140 million Americans file their returns—Trustway Accounting stresses the importance of staying vigilant.

“Staying vigilant is crucial to protecting yourself from tax scams," the guide says. “By recognizing the signs of a scam, such as unsolicited calls, emails, or unrealistic refund promises, you can avoid falling victim to fraud. Always verify communication with the IRS through official channels, be cautious about sharing personal information, and choose certified tax professionals for your tax needs."

Based in Hoover, Alabama, Trustway Accounting provides tax planning, bookkeeping, and financial consulting services for individuals and businesses.

Interested parties can find additional information at https://trustwayaccounting.com/post/signs-tax-scam-avoid-victim-fraud

Contact Info:
Name: Anastaxia Wang
Email: Send Email
Organization: Trustway Accounting
Address: 1236 Blue Ridge Blvd, Hoover, Alabama 35226, United States
Website: https://trustwayaccounting.com

Source: PressCable

Release ID: 89152518

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