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IRS Warns Of Schemes Using Virus Outbreak For Tax Fraud

By Theresa Schliep · 2020-04-02 17:02:25 -0400

People should be wary of phone calls and email phishing scams about the novel coronavirus pandemic that can lead to tax-related fraud and identity theft, the Internal Revenue Service said Thursday.

The agency urged people to be wary of sham attempts to extort bank account information while the agency supposedly works on distributing its economic relief rebates, according to a statement. The IRS won't call or email requesting financial information so people can get the payments, but will instead use information on file to provide direct deposits or checks via mail, the agency said.

Schemers can use emails, phone calls, text messages and social media to obtain vital tax and financial information, so people should be careful on all media to avoid divulging information that could lead to money or identity theft, the IRS said. Older Americans should be especially careful of attempts to procure their information, the IRS warned, saying scammers might use language related to the COVID-19 rebates to prey on retirees waiting for payments.

--Editing by Vincent Sherry. 

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