It’s tax season again so the scammers are out in full force. Today alone, I received three phone calls from the same phone number from a Virginia area code: (703) 828-0424. On their voicemail they left an urgent message about “getting arrested” for not paying taxes, and to “kindly call us back” at the that number.
This is one of the most prolific scams - where someone impersonates an IRS agent on the telephone. They claim that you owe a bill and that you must pay the bill over the telephone to avoid being arrested.
Note that the IRS will never ask for a credit card or bank account number over the phone and they won’t threaten to have you arrested if you don’t immediately pay them.
IRS impersonators are so prevalent that the IRS has issued a warning on its web page:
Here is a YouTube video that illustrates how these scams are conducted:
If you receive a threatening phone call from anyone claiming to be with the IRS, no matter how official they sound, ask them to send you your tax notice in writing and hang up immediately. Never give anyone your Social Security Number, bank account numbers or credit card numbers over the phone.
Gary Alt CFP®, AIF® is a wealth manager and co-founder of Monterey Private Wealth, a wealth management firm in Pleasanton, CA. Gary welcomes questions that you may have concerning investing, taxes, retirement, or estate planning. Send your financial questions to 4733 Chabot Dr, Ste 206, Pleasanton 94588, or by email to email@example.com.