When tax season comes along each year, the IRS releases updates to protect taxpayers against potential fraud. Fraudsters constantly update their tactics to steal personal information, usually by posing as legitimate organizations or trusted individuals. Here are five tax season scams to be aware of while filing your taxes before April 15.
“Ghost” Tax Preparers
One of the new tax scams identified by the IRS involves a scammer posing as a tax preparer. They will falsify information on a tax form to inflate the refund, but refuse to sign for their work as required by law. “You could be on the hook for false information on your tax form if they convince you to sign it,” says Paris Davis, senior vice president and northwest Arizona retail division manager at WaFd Bank.
Not only will the scammer keep the fee paid for the tax preparation service, but they will have the…