What Every Taxpayer Should Know About the Latest Scams

What's Hot


2 Types of Black Marks Might Vanish From Your Credit File SoonBorrow

6 Ways the Obamacare Overhaul Might Impact Your WalletInsurance

7 Dumb and Costly Moves Homebuyers MakeBorrow

This Free Software Brings Old Laptops Back to LifeMore

Obamacare Replacement Plan Gets ‘F’ Rating from Consumer ReportsFamily

Beware These 12 Common Money MistakesCredit & Debt

21 Restaurants Offering Free Food Right NowSaving Money

17 Ways to Have More Fun for Less MoneySave

House Hunters: Beware of These 6 Mortgage MistakesBorrow

30 Household Uses for Baby OilSave

25 Ways to Spend Less on FoodMore

Nearly Half of Heart-Related Deaths Linked to These 10 Foods and IngredientsFamily

5 Surprising Benefits of Exercising Outdoors in WinterFamily

10 Ways to Save When You’re Making Minimum WageSave

Boost Your Credit Score Fast With These 7 MovesCredit & Debt

7 Painless Ways to Pay Off Your Mortgage Years EarlierBorrow

The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

The True Cost of Bad CreditCredit & Debt

10 Companies With the Best 401(k) PlansGrow

This Scam Now Tops ID Theft as the No. 2 Consumer ComplaintFamily

6 Stores With Awesome Reward ProgramsFamily

6 Ways to Save More at Lowe’s and The Home DepotSave

6 Healthful Treats for Your DogFamily

New Study Ranks the Best States in the U.S.Family

Thousands of Millionaires Moving to 1 Country — and Leaving AnotherGrow

Strapped for College Costs? How to Get the Most From FAFSABorrow

6 Overlooked Ways to Save at Chick-fil-AFamily

Ask Stacy: What’s the Fastest Way to Pay Off My Mortgage?Borrow

Where to Sell Your Stuff for Top DollarAround The House

8 Ways to Get a Good Price on a Shiny New AutoCars

Ask Stacy: How Do I Start Over?Credit & Debt

Secret Cell Plans: Savings Verizon, AT&T, T-Mobile and Sprint Don’t Want You to Know AboutFamily

30 Awesome Things to Do in RetirementCollege

14 Super Smart Ways to Save on TravelSave

The Rich Prefer Modest Cars — Should You Join Them?Cars

You’ll Soon Pay More to Shop at CostcoSave

10 Ways to Save When Your Teen Starts DrivingFamily

Federal officials are ushering in the 2016 tax season with a warning about the resurgence of scammers. Find out more.

Officials from the U.S. Department of the Treasury are ushering in the 2016 tax season today with a warning about the resurgence of scammers who prey on taxpayers.

Scammers are continuing to impersonate Internal Revenue Service agents by phone and tricking or threatening taxpayers into handing over money — a scheme that made headlines throughout last year.

Click here and learn to slash your taxes with our new tax course!

Timothy Camus, deputy inspector general for investigations at the Treasury, tells CBS News:

“They’re just ruthless criminals and they really don’t care about people. They don’t care about anything other than trying to intimidate you into paying them money.”

ABC News reports that Camus has received reports of nearly 900,000 calls from such criminals since October 2013. (People who receive such a call can report it on the “IRS Impersonation Scam Reporting” page of the website for the Tax Inspector General for Tax Administration, or TIGTA, which oversees the IRS.)

Additionally, roughly 5,000 victims have lost more than $26.5 million because of the scam.

One fraudulent caller told ABC:

“I am going to proceed you to the sheriff’s officer. And within the next hour they will be at your doorstep to handcuff you and put you behind bars.”

Treasury officials say the IRS never threatens taxpayers or calls to ask for immediate payment or a credit card number. The agency always sends a letter first when back taxes are owed.

Scammers’ tactics have evolved over time, Camus tells ABC, but one giveaway of this scam remains:

“These guys have changed over a period of time, where they just call out of the blue, and so as we’ve been warning people, that the first contact will not be by telephone. Part of the script now is, ‘Oh, we’ve been sending you letters that you’ve been ignoring.’

They’re changing their game as we’re putting out information on what to be aware of. But the one thing that has not changed is the threat of immediate incarceration if you don’t pay the money.”

To learn more about preparing for the 2016 tax season, be sure to check out Money Talks News’ new course taught by Stacy Johnson: “Mastering Taxes: Slash Your Taxes and Have Fun Doing It!” (Readers can save 28 percent via that link.)

Do you worry about tax-related scams? Share your thoughts on the Treasury’s latest warning — leave a comment below or on Facebook.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: This Company Is Giving Away Free Tax Software

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 2,060 more deals!