The Internal Revenue Service (IRS) will begin to distribute COVID-19 Economic Impact Payments in a matter of weeks. For most Americans, this will be a direct deposit into your bank account. For the elderly or other groups that have traditionally received tax refunds via paper check, they will receive their economic impact payments via paper check as well.
With any good news story from the IRS, comes an opportunity for criminals and scammers to take advantage of the American public.
- Scammers may try to get you to sign over your check to them.
- Scammers may use this as an opportunity to get you to "verify" your filing information in order to receive your money, using your personal information to file false tax returns in an identity theft scheme.
Between these two schemes, everyone receiving an economic impact payment is at risk.
The IRS will deposit your economic impact payment into the direct deposit account you previously provided on your tax return (or, in the alternative, send you a paper check).
The IRS will not call and ask you to verify your payment details
. Do not give out your bank account, debit account, or PayPal account information - even if someone claims it is necessary to get your economic impact payment. Beware of this scam.
If you receive a call, do not engage with scammers or thieves. Just hang up.
An aggressive phone scam targeting taxpayers, including recent immigrants, has been making the rounds throughout the country. Callers claim to be employees of the IRS, but are not. Victims are told they owe money to the IRS and it must be paid promptly through a pre-loaded debit card or wire transfer. If the victim refuses to cooperate, they are then threatened with arrest, deportation or suspension of a business or driver's license. Or, victims may be told they have a refund due to try to trick them into sharing private information.
With COVID-19 scams, they may urge you to pay this fake "debt" with your economic impact check. For those who receive an actual check, they may ask you to endorse it and forward to them for "payment of past debts."
If you receive texts or emails claiming that you can get your money faster by sending personal information or clicking on links, delete them. Do not click on any links in those emails.
Scam emails are designed to trick taxpayers into thinking these are official communications from the IRS, tax industry professionals or tax software companies. These phishing emails ask taxpayers about a wide range of topics related to refunds, filing status, ordering transcripts and verifying PIN information in order to steal your personal information or file false tax returns.
When people click on links from these phishing emails, they are taken to sites designed to imitate an official-looking website, such as IRS.gov. The sites may also carry malware, which can infect people's computers to steal their files or record their keystrokes.
Also be aware of email phishing scams that appear to be from the IRS and include a link to a bogus web site intended to mirror the official IRS web site. These emails contain the direction "you are to update your IRS e-file immediately." The emails mention USAgov and IRSgov (without a dot between "IRS" and "gov"). Don't get scammed. These emails are not from the IRS.
You can report phishing scams to the FBI
There are also reports about bogus checks. If you receive a "check" in the mail now, it's a fraud. It will take the Treasury Department a few weeks to distribute the payments.
If you receive a "check" for an odd amount (especially one with cents), or a check that requires that you verify the check online or by calling a number, it's a fraud.
Please share this information with anyone you know who may be at risk of getting scammed. Unfortunately, the elderly are often the target of these types of scams. Due to the large increase in people working from home, the number of phishing emails is increasing also. If you don't know who is on the other end of a phone call or an email, do not share any of your personal information.