Travis O'Hara •
Many Americans are going through tough times due to COVID-19; when times get tough, that's when scammers often work their hardest to take advantage of people! There are many ways that con artists may try to take advantage of support given to Americans by the government. Scammers may try phishing, fake-check scams, and phone calls to collect personal information.
Many Americans are going through tough times due to COVID-19; when times get tough, that's when scammers often work their hardest to take advantage of people! There are many ways that con artists may try to take advantage of support given to Americans by the government. Scammers may try phishing, fake-check scams, and phone calls to collect personal information.
Most Americans don't need to take any action related to their Economic Impact Payments. The IRS will use your 2019 or 2018 tax return to calculate and automatically send your economic impact payment. These payments will be automatically sent to taxpayers, most seniors, retirees, and others that receive social security. The IRS will NOT reach out to you for personal information or bank information. Along with that, the IRS will NOT send you an overpayment and request you to send back the money; it would be your responsibility to return any overpayment.
Note that if the IRS does not have your direct deposit information on file and you did not receive a check, you may receive a debit card in the mail. This is a legitimate form of payment that should not be discarded.
Still have questions? The IRS has many facts about Economic Impact Payments listed on their website.
For more detailed information on the scams that have been occurring, check out the IRS bulletins and tips:
You should always remain vigilant about potential scams. For information related to other forms of scams, check out one of our previous blog posts on IRS impersonators and Phishing Scams.
As always, remember you can contact your accountant with any questions.
Note that if the IRS does not have your direct deposit information on file and you did not receive a check, you may receive a debit card in the mail. This is a legitimate form of payment that should not be discarded.
Still have questions? The IRS has many facts about Economic Impact Payments listed on their website.
For more detailed information on the scams that have been occurring, check out the IRS bulletins and tips:
You should always remain vigilant about potential scams. For information related to other forms of scams, check out one of our previous blog posts on IRS impersonators and Phishing Scams.
As always, remember you can contact your accountant with any questions.
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