Avoiding Tax Fraud

Thursday, January 2, 2020

As New Year rolls in and tax season is right around the corner, it’s important to stay on top of your finances so that there are no surprises when it’s time to talk to your CPA.  Unfortunately, this time of the year also means phone and email scams from people hoping to steal your money.  At Geyer & Associates, we are committed to the financial success of each and every one of our clients, and part of that success is protecting yourself and your business from fraud.  

Scammers may go to great lengths to make their emails look like official IRS documents, so it’s very important to remember that the IRS will never ask for your credit card or other info via email or social media.  Phony IRS documents are designed to make you feel anxious and that your response is urgent, so if you receive any documents asking for or demanding money remember that this is not how the IRS works.  Also be aware that there are often attachments in these emails that are labeled and described as documents that you should open and read.  Again, this is not a practice that the IRS follows and these “documents” will likely install malware on your computer that will allow access to your personal information stored on your computer and in some cases let the hackers see your screen and keystrokes.  

There are many people out there who are even bold enough to impersonate the IRS on the phone.  The IRS will never call to demand immediate payment, so do not give any personal information without verification.  If someone has contacted you and you think it’s possible that you may owe taxes, contact the IRS through their number listed on their website to get further information.  

All of this can sound intimidating and threatening but with some education about scamming activity and basic practices of the IRS taxpayers can be prepared to deal with these situations and stay alert, which is why we at Geyer & Associates want to keep our clients and everyone else informed about these practices.  Knowledge is power, and we want to make sure that people are armed with the knowledge to protect themselves from financial predators who use scare tactics for their own gain.  For more information on tax scams and how to identify them, visit https://www.irs.gov/newsroom/tax-scams-consumer-alerts.  

Geyer & Associates is a Fort Collins-based firm providing services in taxes, accounting, financial consulting, and software consulting.  Call Geyer & Associates today to set up your free tax review and find out if you are due a return that you have not received!