Now that the 2024 tax season is here, it is crucial to be aware of common tax season scams to safeguard against potential financial and identity theft risks.
Scammers often employ various tactics, such as impersonation scams and phishing attempts, to create fear and a sense of urgency among taxpayers. These unsolicited texts, phone calls, or emails can pressure individuals to act immediately, leading to potential exploitation by fraudsters.
One specific example of a tax scam highlighted by the IRS’s Dirty Dozen tax scams list is impersonation scams, where individuals pose as legitimate tax preparers to deceive taxpayers. By understanding and recognizing these tactics, individuals can stay vigilant and informed about potential scams during the upcoming tax season, reducing the risk of falling victim to fraudulent activities and protecting their financial well-being.
Identifying and Avoiding Tax Scams
To avoid falling victim to tax scams during the 2024 tax season, it is essential to be able to identify impersonation scams and phony tax preparers. Signs of potential scams include pressure to act immediately, unsolicited communications, and demands for payment through electronic transfers or unconventional methods. By carefully verifying the identity of senders and tax preparers and being cautious of unsolicited emails, individuals can mitigate the risk of falling prey to email scams during the tax season.
Additionally, individuals can protect themselves from tax-related identity fraud by carefully checking emails for suspicious content and setting up two-factor or multi-factor authentication with email providers to secure their accounts. Reporting all unsolicited emails claiming to be from the IRS and any monetary losses due to IRS-related scam incidents is crucial in combatting fraudulent activities and safeguarding personal and financial information.
Pittsburgh Trusted CPA Services – Camelback Advisory + Consulting
Camelback Advisory + Consulting, based in Pittsburgh, is recognized as the most trusted CPA firm offering a range of services, including tax compliance and planning, financial statement preparation and analysis, and business and financial consulting. Founded by Mike Radich, CPA, MST, the firm is committed to delivering exceptional financial services tailored to the unique needs of each client, establishing long-term relationships built on trust and expertise.
By availing the personalized tax and financial services provided by Camelback Advisory + Consulting, individuals and businesses can benefit from the expertise and dedication of a reputable CPA firm, ensuring comprehensive support and guidance for their financial needs throughout the 2024 tax season and beyond.
If you have any questions, give Camelback Advisory + Consulting a call at 412-503-4080 or contact us here ›