The peace of mind of ensuring that you’ve filed your taxes properly is very much worth all the hassle one has to go through. Everyone’s pretty much accepted that filing taxes can be troublesome. Even the IRS. Especially the IRS. Which is why they work hard on keeping taxpayers protected and making sure the process is as smooth as possible.
Sadly, there are people who want to make their profit on the tax info of honest taxpayers, and they’re looking for victims. If you’re looking to keep your Ohio tax ID safe, here’s some useful info.
First things first, don’t let your guard down.
Tax season comes and goes, but that is no reason to be lousy with your tax info. Tax scammers don’t have an off season, it doesn’t matter what time of the year it is, they’ll be on the lookout constantly for victims. Which is why you too, need to be on the lookout; keep your Ohio tax ID safe even if it’s July.
The common tactics.
Every year, the IRS goes through the trouble of listing down the 12 most common schemes of that year, which they’ve cleverly dubbed the Dirty Dozen. These, of course, change yearly, but any year’s entries give you a good idea of what to look out for.
2018’s Dirty Dozen is:
- Phishing:These are the fake e-mails and sites that steal personal info from you, either through subtle means or by tricking you into giving them.
- Phone Scams: A bold tactic, if nothing else, criminals will sometimes impersonate IRS agents to get info from taxpayers or get them to pay to fraudulent channels.
- Identity Theft: A classic one, this is pretty self-explanatory. They steal your identity, and transfer whatever taxes or expenses they want into your name.
- Return Preparer Fraud: Most tax professionals do their best to provide you with the peace of mind you want when dealing with taxes, others, not so much.
- Fake charities: Another bold, and especially cruel tactic, is to prey on the more magnanimous nature of some taxpayers, by posing as fake charitable organizations to solicit donations.
- Inflated Refund Claims: Scammers promise large tax refunds to unwitting taxpayers, and if you take the bait, they’ll be gone with your refund and with a filing to deal with.
- Excessive Claims for Business Credits: If you go through a third party, make sure that the research credit and fuel tax credit is filed properly. Too much and you’ll have to deal with it all over again, and then some.
- Falsely Padding Deductions on Returns: Similar to the former, only this time, with regards to deductions on returns.
- Falsifying Income to Claim Credits: Don’t falsify your income when you file just so you can get tax credits; filings are double-checked, and problems will be had if something’s off.
- Frivolous Tax Arguments: You’d be surprised at the kind of excuses people have to avoid their taxes. So if you’re thinking of something, odds are, the IRS has already seen it.
- Abusive Tax Shelters: Some people go through abusive tax shelters in order to avoid paying taxes. The problem comes when these shelters get caught, as they’ll be dragging their clients along with them.
- Offshore Tax Avoidance: Another common tax scam, and one that’s pretty routine for the IRS to bust.