Tax Scams That Could Cost You - WSPA.com

Tax Scams That Could Cost You

Posted:
By Diane Lee

Nothing is certain except death and taxes, except maybe scammers who see tax time as a way to make a quick buck.

Michael Manly in Anderson says his own tax preparer tried to put one past him.

"They didn't level with me in order to get these extra charges and then get the money for it.  They had charged me for a premium package that they didn't inform me about. Had I known upfront, I would not have chosen the premium package which was useless to me."  

IRS Enrolled Agent Dan Thomas says tax prepare fraud takes many forms.  Some have been caught falsely inflating your return.  But a warning; you're signing the return, so you are still on the hook.

He also warns some companies that claim to wipe out your tax debt are ripe with scams.

"I see this all the time where they're saying do you have IRS debt, we can help get you off, but most of the time those things like that are phishing for your personal information, they're maybe asking for money up front," said Thomas.

Another phishing scam could hit you online where fake emails claiming to be from the IRS try to fool you into giving up your personal information.

The rule of thumb: "The IRS never emails the taxpayer," said Thomas.

"Tax preparers say a scam that's growing more common has to do with identity theft.  You go to file your tax return.  Only to find out someone else already has used your name and social security number."

Finally, one of the most prevalent scams is committed by tax payers themselves who overstate chartable donations and other deductions to beef up their return.  

Watch out, the IRS has updated software aimed at catching returns that are just too good to be true.

  • Top StoriesTop StoriesMore>>

  • Greenville Couple Wins $200K, Won't Tell Their Kids

    Greenville Couple Wins $200K, Won't Tell Their Kids

    Wednesday, April 23 2014 10:48 AM EDT2014-04-23 14:48:13 GMT
    The couple got the  $10 Maximum Money game ticket at GT Express Mart on White Horse Road.The couple got the $10 Maximum Money game ticket at GT Express Mart on White Horse Road.
    A husband and wife in Greenville are both taking credit for a winning $200,000 lottery ticket. And they say they won't tell their kids.
    A husband and wife in Greenville are both taking credit for a winning $200,000 lottery ticket. And they say they won't tell their kids.
  • Swinney Responds To Group Over Faith

    Swinney Responds To Group Over Faith

    Wednesday, April 23 2014 10:32 AM EDT2014-04-23 14:32:37 GMT
    "I have recruited and coached players of many different faiths," wrote Swinney. "Players of any faith or no faith at all are welcome in our program.""I have recruited and coached players of many different faiths," wrote Swinney. "Players of any faith or no faith at all are welcome in our program."
    Clemson football coach Dabo Swinney says players "of any faith or no faith at all are welcome in our program." Swinney issued a written response after a group recently accused his program of violating players' constitutional rights by promoting Christianity.
    Clemson football coach Dabo Swinney says players "of any faith or no faith at all are welcome in our program." Swinney issued a written response after a group recently accused his program of violating players' constitutional rights by promoting Christianity.
  • Greer Passes Texting And Driving Law

    Greer Passes Texting And Driving Law

    Wednesday, April 23 2014 9:54 AM EDT2014-04-23 13:54:58 GMT
    The City of Greer is the latest Upstate city to enact a ban on texting while driving.
    The City of Greer is the latest Upstate city to enact a ban on texting while driving.
Powered by WorldNow

250 International Dr.
Spartanburg, S.C. 29303

Telephone: 864.576.7777
Fax: 864.587.5430
Email: webmaster@wspa.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.