New Scam Uses Email to Target Taxpayers

The California Society of Enrolled Agents is joining the U.S. Department of the Treasury and the Internal Revenue Service in warning the public of a new scam that attempts to trick taxpayers into revealing personal information such as Social Security numbers, bank and credit card numbers and passwords, and driver license information.

Typically, the scheme advises potential victims that they are under investigation for tax fraud and liable for prosecution. The e-mail directs the recipients to an official-looking website that instructs the unwary to enter detailed personal financial information to dispute the charges.

With this information, criminals can empty bank and credit card accounts electronically, and even apply for new loans and credit cards in the victims' names. One such phony site was shut down in April, but experts believe that more will spring up in the months ahead.

The IRS does not use e-mail to contact taxpayers, and all IRS letters must include a contact name and phone number.

If you believe you've received fraudulent or suspicious requests or demands regarding your financial account or taxes, contact the Treasury Inspector General for Tax Administration's toll-free fraud referral hotline at 800-366-4484, or call an Enrolled Agent to assist you.

You may like these other stories...

Regulatory compliance, risk management and cost-cutting are the big heartburn issues for finance execs in the C-suite. Yet financial planning and analysis—a key antacid—is insufficient.That's just one of the...
Continuing its efforts to simplify accounting procedures, the FASB has issued a proposed Accounting Standards Update on customer fees paid in a cloud computing arrangement. The newly-proposed update (Intangibles—...
How are you planning? What tools do you use (or fail to use) for forecasting? PlanGuru is a business budgeting, forecasting, and performance review software company based in White Plains, N.Y. AccountingWEB recently spoke...

Already a member? log in here.

Upcoming CPE Webinars

Aug 26
This webcast will include discussions of recently issued, commonly-applicable Accounting Standards Updates for non-public, non-governmental entities.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.