Avoid a Refund Scam

Refund Scam – Did You Know?

The IRS has issued an alert about a scam that is making the rounds with a new twist.

The scammer steals taxpayer information through hacks, uses the stolen information to file a tax return, and then gets the refund deposited into the victim’s account. They then contact the victim and pretend to be the IRS saying that it was a mistaken deposit and to return the money to them. The scammers may make threats for you to return the ‘erroneous deposit’ using a recorded call message, or pose as debt collection agency officials acting on behalf of the IRS.

The IRS has established procedures for taxpayers to follow in the genuine case of a mistaken refund with full details about where and how to return the money to a legitimate mailing address using a paper check. More information about returning a genuine erroneous return can be found here: https://www.irs.gov/taxtopics/tc161.