Corona Virus Related Tax Scams

Corona Virus Related Tax Scams

The IRS is warning everyone to watch out for scam phone calls, emails and text messages related to COVID-19 (coronavirus) tax relief programs during the spring of 2020. This new wave of phishing attempts and other criminal activity centers on the Economic Impact Payments (EIPs) that the IRS is currently distributing to many U.S. taxpayers. The scammers might incorrectly refer to these payments as “Stimulus Checks” or “Stimulus Payments.”


As a reminder, most taxpayers do not need to take any action in order to receive their EIPs. The IRS will NOT call, email or text you to request private information such as your address or bank account number. If anyone claiming to represent the IRS requests such information from you, asks you to sign over your EIP check, or suggests that they can get your EIP to you faster, you should immediately hang up or delete the message. You can also help the IRS to identify, track down and prosecute perpetrators by forwarding any suspicious emails you receive to [email protected].


If you are unsure whether a call or message you receive is legitimate, treat it as a scam and then contact the IRS for more information. You will not be punished for hanging up on an IRS agent because you believed that the call was fraudulent. Note that although most IRS taxpayer assistance phone services are temporarily suspended due to COVID-19, call centers will reopen as soon as possible. In the meantime, you can still email the IRS and/or find regular updates on coronavirus tax relief programs at:

https://www.irs.gov/coronavirus-tax-relief-and-economic-impact-payments?fbclid=IwAR17bJBBH1acWHNWsSpP188KQHEfXMW9GzDabtQxtl41SQlRvQ9OvfrksKc


If you wish to provide the IRS with information such as an updated mailing address to ensure that you receive your EIP as quickly as possible, you should ONLY do so through the official IRS Economic Impact Payments Portal at: https://www.irs.gov/coronavirus/economic-impact-payments.


  


How can I help you?

If you are a small business that is looking for help to navigate the process to get funding I can help you with the best route to pursue to take advantage of the relief programs. I am not a lender agent working with a bank. I provide fixed fee consulting to:

? Explain each product & advise you on what products are most advantageous for you

? Help you calculate an estimate of the loan amount for which you’d qualify and how much could be forgiven

? Tell you what amount to include in payroll for a Schedule C filer versus a Partnership versus a Corporation

? Assist you in gathering the information necessary for completing the loan application(s)

? Determine if your business needs a combination of the relief programs and loans offered

 

My practice is in Severn, MD.

I specialize in the following services for both businesses and individuals:

Tax Services:

Tax Preparation & Tax Planning

Virtual Tax Preparation

Audit Protection

IRS Tax Problem Resolution

 

Accounting & Bookkeeping Services:

Outsourced Accounting and Bookkeeping

Payroll Services

Business Consulting

Outsourced CFO Services

QuickBooks Set up and Support Services


Who we serve:

We have special expertise in serving the following industries:

Small Business Owners

Real Estate Investors

Medical Practices

Attorneys & Law Firms

Individuals

 

 

Contact me for any help needed at:

Lisa D Church, CPA, EA, NTPI Fellow, MBA

7865 Clark Station Rd

Severn, MD 21144

email: [email protected]

website: https://waterfronttax.com

call 877-727-6577 to talk to office support 24/7 to schedule appointments

Or Schedule a free consultation directly on my calendar at https://waterfronttax.setmore.com/


Ryan Stark, CFP?

Director of Financial Planning and Participant Engagement at Greenspring Advisors

4 年

Thanks for sharing. It is important to keep reminding people how the IRS operates so no one is confused when they are contacted. I have been hearing about nothing but scams recently.

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