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Archive for Tax Scam

IRS Warns Of Variation Of Form W-8BEN Scam

Washington – The Internal Revenue Service today warned of a new twist tied to an old scam aimed at international taxpayers and non-resident aliens. In this scam, criminals use a fake IRS Form W-8BEN to solicit detailed personal identification and bank account information from victims.

Here’s how the scam works. Criminals mail or fax a letter indicating that although individuals are exempt from withholding and reporting income tax, they need to authenticate their information by filling out a phony version of Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting. Recipients are requested to fax the information back. Read more

One Of The Latest Tax Scams To Be Aware Of And How It Works

I have written frequently about the multitude of tax scams.

And once again, the scammers have found a way to play to and outwit your insatiable curiosity. Here’s one of the latest scams to be aware of, and how it works.

Scammers know that more and more people are screening and not answering calls from unrecognized or private numbers. So now, the crooks have developed software that allows them to display irresistible ‘fake’ numbers. Read more

IRS Warning: Don’t Be A Victim Of ‘Ghost’ Tax Return Preparers

WASHINGTON ― The Internal Revenue Service is cautioning taxpayers to avoid the dangers of “ghost” tax return preparers.

According to the IRS, a ghost preparer is paid to prepare a tax return, but does not sign it, either electronically or on paper, as the paid preparer. These phantom preparers who won’t put their name on the tax return are a warning sign for taxpayers of a potential scam.

Here’s how it works. The ghost preparer can print the paper return for their client and tells them to sign and mail it to the IRS. Or, for electronically-filed returns, they will prepare it but won’t digitally sign it as the paid preparer. Read more