DeFazio Warns of Financial Scams in Wake of COVID-19 Crisis
Rep. Peter DeFazio today warned of financial scams on the rise in the wake of the coronavirus outbreak.
Multiple federal agencies have issued warnings to taxpayers cautioning them to be aware of potential scams related to coronavirus relief payments. IRS Commissioner Rettig has said that the IRS will NOT call to verify or have individuals provide financial information for economic impact payments.
Scams can come in the form of calls, emails, text messages, websites, and social media attempts. Red flags to look for include requests for money or personal taxpayer information. Some common red flags to look for include:
- Emphasizing the words “Stimulus Check” or “Stimulus Payment.” Those are incorrect. The official term is economic impact payment.
- Asking the taxpayer to sign over their economic impact payment check to them.
- Asking by phone, email, text, or social media for verification of personal and/or banking information saying that the information is needed to receive or speed up their economic impact payment.
- Suggesting that they can get a tax refund or economic impact payment faster by working on the taxpayer’s behalf. This scam could be conducted by social media or even in person.
- Mailing the taxpayer a bogus check, perhaps in an odd amount, then tell the taxpayer to call a number or verify information online in order to cash it.
For more information about economic impact payments, as well as coronavirus recovery resources, please visit DeFazio’s website: https://defazio.house.gov/coronavirus-recovery-resources