With federal stimulus checks on the way in the next few weeks, the IRS is providing information on how individuals can to protect themselves from scams.
From the IRS: The COVID-19 economic impact payments will be on their way in a matter of weeks. For most Americans, this will be a direct deposit into their bank account.
Those who usually receive tax refunds via paper check will receive their economic impact payment in check form as well.
Scammers may use various methods to trick recipients into signing over their checks or into giving their personal information that the scammer can use at a later date to file false tax returns in an identity theft scheme.
The IRS offers the following tips on how to spot a scam and information on how the COVID-19 related economic impact payments will be issued:
The IRS will deposit your check into the direct deposit account you previously provided on your tax return.
If you usually receive tax refunds through a paper check, IRS will send you a paper check.
The IRS will not call and ask you to verify your payment details. Do not give out your bank account, debit account, or PayPal account information — even if someone claims it is necessary to get your check. It's a scam.
If you receive a call, don't engage or talk with scammers or thieves, even if you want to tell them that you know it's a scam, or you think that you can beat them. Just hang up.
If you receive texts or emails claiming that you can get your money faster by sending personal information or clicking on links, delete them. Do not click on any links in those texts or emails.
Reports are also swirling about bogus checks. If you have already received or receive a check in the mail now, it's fraud — it will take the Treasury a few weeks to mail checks out.
If you receive a check for an odd amount (especially one with cents), or a check that requires that you verify the check online or by calling a number, it's fraud.
If you receive a request or instructions to sign over check, this is a scam.
Don't become a victim by allowing criminals to exploit your emotions. Stay strong and tell your family, friends and neighbors about these scams.
If you believe you have been a target or victim of a scam or fraud, please report it to the National Center for Disaster Fraud Hotline at 866-720-5721 or via email at disaster@leo.gov.
For more information, visit the IRS website at IRS.gov/coronavirus.