Lookout for Scams Targeting Your Stimulus Payments

Economic Impact Payments (Aka Stimulus Payments) have been delivered to many Americans via direct deposit and via U.S. Treasury check (starting last week).

The Treasury Inspector General for Tax Administration anticipates criminals will engage in various attempts to intercept these payments, and/or steal sensitive taxpayer information.

As a reminder, here are some tips to avoid being a victim of these scams: 

1. The IRS will not call you, text you, or e-mail you to prompt you for more information as a prerequisite to getting an Economic Impact Payment. The primary mode the IRS uses to communicate is via U.S mail.

2. To check on the status of your Economic Impact Payment, please visit IRS.gov and click on “Get My Payment.” Do not use any other websites or services.

3.Do not share your personal information with anyone offering un-solicited help, whether claiming to be from the IRS or some other business or agency, offering to assist you with your Economic Impact Payment.

4. Do not share your online banking username or password with anyone.  The IRS does not need your online banking username and password in order to send your Economic Impact Payment.

After your Economic Impact Payment has been sent, the IRS will send you a letter confirming your payment.

Haven’t received your payment yet? Visit the Economic Impact Payments FAQ by clicking here: https://www.irs.gov/coronavirus/economic-impact-payment-information-center

Philip L. Liberatore, CPA remains committed to providing you with important information that pertain to your success.