IRS warns of pandemic-related tax scams in ‘Dirty Dozen’ for 2021

FROM:Journal of Accountancy

Although most economic impact payments, also known as stimulus payments, to individuals have been issued, their security remains a concern. Accordingly, taxpayers should be wary of text messages, phone calls, or emails asking about bank account information. One such ruse requests verification of account information. The IRS suggests deleting such emails without clicking any contained links or even opening them. The IRS reminded taxpayers to be alert to identity theft related to these payments as well.

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