It’s only a few weeks into tax season, but tax scams aren’t procrastinating until April 15th (and we recommend you don’t either!).  Our clients have been very helpful in sharing the scams they are being approached with, so here are a few tips on how to protect yourself from tax scams.

  • An authentic IRS notice or letter is addressed to the company or individual’s name, not someone general like, “CEO” or  “Controller”.
  • The IRS usually gives you options on how to respond to their notice, not just “via fax”.
  • Foreign entities (Individual or Business) that have received payment from a U.S. entity (Individual or Business) are often targets of tax scams as well.  These foreign entities need to complete the Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (a.k.a. Form W-8BEN for Individuals and Form W-8BEN-E for business entities).  However, these forms are for the withholding agent.  It is NOT REQUIRED to be submitted to the IRS!
  • Also, please note the forms look different by viewing the current forms on the IRS website.  Scams will often provide the incorrect form.
  • Not sure if it’s a scam?  Call us before providing any information!