by Jon Stockton
It's tax time, and fraudsters are hard at work devising ways to scam people out of their refund checks. Last year alone, scammers stole billions of dollars from consumers by filing bogus tax returns and pocketing the refund checks.
The IRS has made inroads in preventing this type of tax fraud—but reports that, this year, fraudsters are increasingly targeting tax refunds at the state level.
You can protect yourself from tax refund fraud by being aware of and on the lookout for the following refund fraud indicators:
If you believe that you have been the victim of tax fraud, it is advisable that you take the following steps:
While the IRS is committed to aggressively prosecuting tax fraud criminals, fraudsters are finding ever more creative ways to separate people from their money. This tax season, keep your eyes and ears open and your personal information safe, to ensure that your tax refund ends up where it belongs: with you.
We'll find a branch near you. You can also visit the locations page or contact us.
Simplify the payment process by having your card sales deposited into your business checking account.
As a community-supported bank and locally operated business, we are proud to offer flexible and rewarding banking options to local businesses.
No matter what stage of the wealth cycle you’re in, we can help you plan ahead and think forward.
Follow Columbia Bank