Tax Scams Prevalent This Season
The 2011 income tax season has been the basis for a number of tax related schemes. With the April 18 deadline quickly approaching, it's important you know how to keep your information safe from these scams.
IRS letters are sent out to those who may have a discrepancy in their tax return, including those who have multiple tax returns filed, Texas news source KXXV reported. If you find you have multiple tax forms filed in your name, your information may have been compromised by a tax scam.
Victims of identity theft may sometimes have their Social Security numbers used by crooks to obtain employment. The wages earned from fraudulent employment may then appear on your tax return, the news source said. In some cases, these victims may be left owing the IRS money on taxes they didn't even accrue.
The IRS has received more than 82 million of the expected 141 million tax returns for the year, according to the news source. Tax processing this season has been 3 percent higher than it was in March 2010.