IRS Warns of Ongoing Tax Scams

The scams on the 2020 IRS Dirty Dozen list can be encountered at any time during the year, but they peak during tax season. With the extended tax deadlines this year due to the pandemic and extension season well under way, tax scams continue to occur at an alarming rate and an increasing number of people fall prey to these scams. Don’t be one of them. If it sounds too good to be true, it probably is.

Some scams are complex, with sophisticated algorithms being used to steal identities. Other scams are as simple as picking up the telephone to trap unaware and unsuspecting taxpayers. Once again and not surprisingly, phishing and phone scams are at the top of the list. And moving up from number eight last year to number two this year are fake charities, particularly popular among scammers due to the increasing number of people in need and the many new charities recently organized due to COVID-19.

To read the full text of this Duane Morris Tax Accounting Group Alert, please visit the firm website.

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The opinions expressed on this blog are those of the author and are not to be construed as legal advice.

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