- Category: Widget
- Published on Friday, 25 July 2014 11:15
- Written by Isaac
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Avoid Summertime Tax Scams
Staten Island Business Bank cites worst of the worst from IRS
STATEN ISLAND, N.Y. -- Warm days, rest and recreation aren't the only attributes of summer. Victory State Bank has found that so are tax scams.
The IRS reports that thieves don’t stop victimizing unsuspecting taxpayers with their duplicity after April 15. Identity theft, phone and phishing scams happen year-round.
Those three top the IRS’s ‘Dirty Dozen’ list of tax scams this year. Here are IRS warnings about these common tax scams:
Identity Theft. Identity thieves steal personal and financial information to commit fraud or other crimes. This can include your Social Security number or bank information. An identity thief may file a phony tax return to claim a fraudulent refund.
The IRS has a special identity-protection page at IRS.gov. It has resources to use for reducing the risk of becoming a victim. The page can also advise what steps to take if you are a victim of identity theft and need help. This includes how and when to contact the IRS Identity Protection Specialized Unit.
Phone Scams. In these scams, thieves pose as the IRS and call would-be victims with one goal in mind: to steal money. Callers will tell you that you owe taxes and demand immediate payment. They will tell you that you must pay the bogus tax bill with a pre-loaded debit card or wire transfer. The callers are often abusive and threaten arrest or deportation. They may know the last four digits of your Social Security number. They also rig caller ID to falsely show that the call is from the IRS.
Keep in mind that if a person owes taxes, the IRS will first contact them by mail, not by phone. The IRS doesn’t ask for payment with a pre-paid debit card or wire transfer. If you owe, or think you might owe federal taxes and you get one of these calls, hang up. Call the IRS at 800-829-1040. The IRS will work with you to pay what you owe. If you don’t owe taxes, call and report the incident to the Treasury Inspector General for Tax Administration at 800-366-4484.
Phishing Scams. Criminals use the IRS as bait in a phishing scam. Scammers typically send emails that purport to come from the IRS. They often lure their targets with a false promise of a refund or the threat of an audit. They may also set up a phony website that looks like the real IRS.gov. These phony sites often have the IRS seal and other graphics to make them appear official. Their goal is to get their victim to reveal personal and financial information. They use the information they get to steal identities and commit fraud.
About Victory State Bank
VSB Bancorp, Inc. (OTCQB: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online www.VictoryStateBank.com.