Client Memo – IRS Warns of Phone Scams
An elderly woman holds a landline phone to her ear, eyeing a credit card in her other hand, perhaps wary of potential phone scams. She sits comfortably in a cozy room, with a polka dot cushion nestled behind her.

We would like to bring to your attention a recent warning issued by the IRS about a phone scam that targets people across the nation. Callers claiming to be from the IRS would tell intended victims that they owe taxes and must pay using a pre-paid debit card or wire transfer. The scammers threaten those who refuse to pay with arrest, deportation, or loss of a business or driver’s license.

The callers who commit this fraud often:

    1. Use common names and fake IRS badge numbers.
    2. Know the last four digits of the victim’s Social Security number.
    3. Make caller ID appear as if the IRS is calling.
    4. Send bogus IRS emails to support their scam.
    5. Call a second time claiming to be the police or DMV, and caller ID again supports their claim.

The truth is the IRS usually first contacts people by mail – not by phone – about unpaid taxes. And the IRS won’t ask for payment using a pre-paid debit card or wire transfer. The agency also won’t ask for a credit card number over the phone.

If you receive a call from someone claiming to be with the IRS asking for a payment, hang up and call us. We will help you with your payment questions. You may also contact the IRS directly at 800-829- 1040. Do not give out any credit card, bank, or other financial accounts information over the phone.

Be alert for phone and email scams that use the IRS name. For more information regarding fraudulent email scams, please refer to our previous memo – Fraudulent EFTPS Email Scams. The IRS will never request personal or financial information by email, texting, or any social media.

If you have any questions about identifying or reporting this or other phishing, e-mail scams, and bogus IRS websites, please do not hesitate to contact us. You may view a copy of this and other FBD tax-related memos on our website under PUBLICATIONS/Client memos – https://www.fbco.com/publications

Disclosures

Cerity Partners LLC (“Cerity Partners”) is an SEC-registered investment adviser with offices across the United States. Registration as an investment adviser does not imply any level of skill or training.

The information provided is not intended as personalized investment, tax, or legal advice. There is no guarantee that any opinions, projections, or views expressed will materialize. You should consult a qualified professional before making financial decisions.

Information is subject to change without notice and is believed to be reliable but is not guaranteed. For Cerity Partners’ registration status, please visit the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov.

For additional details about our services, fees, or potential conflicts of interest, please request our disclosure statement, including Form CRS and ADV Part 2, using the contact information provided.

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