New IRS Tax Scam

There’s a new scam on the loose by people pretending to be from the IRS, see the IRS report. The basics of the scam is you get a phone call from someone purporting to be from the IRS claiming you owe taxes. The Caller ID may have the IRS toll free number (1.800.829.1040) as the originating phone number and the caller may know the last four digits of your SSN. Additionally, you may receive emails supposedly from the IRS to back up their claims.

The caller will demand payment, often by wire transfer or pre-paid debt card (since neither method is subject to reversal like a credit card charge or a check). If you refuse to cooperate, the caller may threaten arrest, deportation or license suspension. You may get future calls supposedly from the police purporting to back up their claims.

What do you do if you get a call like this and don’t know what to do. First off, call the IRS yourself (1.800.829.1040) and see if what the caller alleges is correct. If you do indeed owe the money, the people at the IRS can make arrangements for repayment or suspension of collections or consult an attorney about using bankruptcy to deal with the back taxes.

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