Protecting Yourself Against Tax Fraud: Insights from Murray Moyer PLLC

Tax fraud is a growing concern for individuals and businesses alike. From phishing schemes to identity theft, criminals continually devise new ways to exploit taxpayers. To combat this, the IRS has dedicated International Fraud Awareness Week to educating the public on recognizing, preventing, and reporting tax-related fraud.

At Murray Moyer PLLC, we are committed to helping you protect your finances and navigate the complexities of tax law.

Recognizing Common Tax Scams

Fraudsters use various tactics to trick taxpayers into divulging sensitive information or paying fraudulent debts. Some common scams include:

• Phishing Emails and Texts: These messages often impersonate the IRS and attempt to steal personal and financial information. The IRS does not initiate contact via email or text.
• Phone Scams: Fraudsters may pose as IRS agents, threatening arrest or legal action unless immediate payment is made. The IRS typically communicates through official mail, not phone calls.
• Fake IRS Websites: Scammers create counterfeit websites to deceive taxpayers into entering confidential details. Always verify the URL before submitting information.
• Identity Theft: Criminals use stolen personal information to file fraudulent tax returns and claim refunds.

IRS Tools to Combat Fraud

The IRS has developed tools and resources to help taxpayers safeguard against fraud. These include:

• Identity Protection PIN (IP PIN): A six-digit number assigned to eligible taxpayers, providing an additional layer of security.
• Fraud Reporting Resources: Taxpayers can report phishing attempts and scams directly to the IRS through phishing@irs.gov or the IRS Impersonation Scam Reporting webpage.

How to Report Tax Fraud

If you suspect fraud or identity theft, taking prompt action is crucial. Here’s how you can report potential scams:

1. Contact the IRS: Report phishing attempts to phishing@irs.gov or file a report online.
2. File Form 14039: If you believe you’re a victim of identity theft, submit the Identity Theft Affidavit (Form 14039) to the IRS.
3. Monitor Your Credit: Notify credit bureaus of any suspicious activity and place a fraud alert on your credit file.

Protecting Yourself from Tax Fraud

To reduce your risk of becoming a victim, follow these best practices:

• Keep personal and financial information secure.
• Be cautious when sharing sensitive information online or over the phone.
• Use strong, unique passwords for accounts and enable multi-factor authentication when possible.
• Regularly check your credit report for unauthorized activity.

How Murray Moyer PLLC Can Help

If you’re dealing with tax fraud or have concerns about your tax filings, our experienced team at Murray Moyer PLLC is here to help. We provide comprehensive tax law services, from addressing fraudulent claims to resolving disputes with the IRS. Our Raleigh-based firm understands the challenges taxpayers face and is dedicated to protecting your rights and financial well-being.

Tax fraud is a serious issue, but you don’t have to face it alone. Contact Murray Moyer PLLC today to schedule a consultation and learn how we can support you in safeguarding your finances and navigating the complexities of tax law.