IRS Warns About New Wave of Phishing Scams

IRS is warning taxpayers about a new kind of phishing emails that target employers. One type of fraudulent emails goes after the payroll direct deposit information. The scammers will impersonate a company employee, often an executive, sending an email to payroll or HR department, asking for a change to employee’s direct deposit info. The banking information provided will be for the scammer’s bank account. Even if the scam is discovered early, it might be a couple of payroll deposits that get stolen that way. The other type of phishing emails involves scammers trying to obtain W-2s in order to file fraudulent tax returns for refunds. A fraudulent email, often impersonating the owner or a manager, is sent to payroll or HR department asking for copies of W-2s. Both of these scams are on the rise, especially around the time of the year when the annual payroll tax forms get filed.

If you have any questions about these changes, please call Margaret Borla at 847-956-1040.

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