FL - Interest rates for first half of 2025 announced
The floating interest rate applicable to taxes administered by the Florida Department of Revenue on underpayments (deficiencies) and late payments […]
Read MoreThe IRS has issued a warning about the increasing threat of impersonation scams targeting seniors. These scams involve fraudsters posing as government officials, including IRS agents, to steal sensitive personal information and money. By pretending to be representatives from agencies such as the IRS, Social Security Administration, or Medicare, these scammers contact their victims through phone calls, emails, or text messages, exploiting fear and urgency to deceive seniors. IRS Commissioner Danny Werfel emphasized that combating these scams requires a collective effort from multiple agencies and the broader tax community to effectively reach and protect seniors.
This warning comes as part of the lead-up to World Elder Abuse Awareness Day (WEAAD) on June 15. WEAAD, observed since 2006, aims to raise awareness about the neglect and abuse faced by millions of older adults. The IRS’s long-term efforts to protect against scams, including identity theft, have been ongoing since the establishment of the Security Summit partnership in 2015. Scammers use sophisticated techniques such as caller ID spoofing to create a false sense of legitimacy, often pressuring victims into making immediate payments through unconventional methods like gift cards or wire transfers. These fraudulent actors frequently fabricate urgent scenarios, claiming issues like outstanding debts or promising fictitious prize winnings to coerce their victims.
To help prevent these scams, the IRS has advised individuals to verify the legitimacy of any communications they receive. If an unexpected call or message is received, especially if no prior mail notification has been given, it is likely a scam. The IRS does not initiate contact through email, text, or social media regarding tax bills or refunds. Suspicious contacts should be reported to the Treasury Inspector General for Tax Administration. By staying informed and cautious, seniors can better protect themselves from financial loss and identity theft. The IRS and other federal agencies continue to urge vigilance against these deceitful practices.
The floating interest rate applicable to taxes administered by the Florida Department of Revenue on underpayments (deficiencies) and late payments […]
Read MoreThe sale, rental, and associated charges for the design, installation, removal, and storage of holiday decorations and lighting are subject […]
Read MoreThe IRS has offered some tips to taxpayers about scammers using fake charities to exploit unsuspecting donors in the aftermath […]
Read MoreThe IRS has provided a safe harbor under Code Sec. 213(d) for amounts paid for condoms. Because amounts paid for condoms are […]
Read MoreThe IRS has encouraged taxpayers to register for an Identity Protection Personal Identification Number (IP PIN) to strengthen their defenses against tax-related […]
Read MoreThe IRS has made significant progress on Employee Retention Credit (ERC) claims, with processing underway on about 400,000 claims, worth […]
Read MoreThe IRS has issued a warning to taxpayers to be cautious of unscrupulous promoters claiming to offer help in resolving […]
Read MoreThe IRS Independent Office of Appeals (Appeals) today launched a pilot program as part of the IRS’ ongoing transformation efforts […]
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