The Covid-19 relief package vide CARES ACT for lower income earning citizen of USA has another side .It may just add to the misery of fighting an unknown mysterious virus that originated in Wuhan China and now became deadly in Europe and USA . The main focus of this post is not the reasons or consequences of coronavirus , but saving the unsuspecting people from another virus-financial scammers ! So, as you are eagerly waiting to get the economic impact payment, there are criminals planning ,scheming to trick you into getting their hands on it.
IRS Warning about Economic Impact Payment Scams
The concern about likely scams related to stimulus check is so much that IRS released a statement warning people about the likelihood of scams as far as stimulus check payment is concerned .To quote IRS Criminal Investigation Chief, Don Fort
“History has shown that criminals take every opportunity to perpetrate a fraud on unsuspecting victims, especially when a group of people is vulnerable or in a state of need,”
It is already widely circulated by media and the IRS will deposit the economic impact check amounts by direct deposit to tax payers account based on tax returns. Those taxpayers who have previously filed, but not provided direct deposit information to the IRS, or have never filed a tax return , they will also be able to provide their banking information on a newly created secured web portal to be designed in mid-April. In case IRS does not have a taxpayer’s direct deposit information, a paper check will be mailed to the address on file. In case of retirees , who are most vulnerable to scam attacks, they will get their $1,200 economic impact payment automatically without any effort on their part to feed additional information . See stimulus check calculator
6 Things Not to Do to Prevent Yourself from Being Victim of Scams
1. The scammers may request the taxpayer to sign over their economic impact payment check to them for various fake reasons.Do not accept to sign any paper related to economic impact payment check
2.The official term is economic impact payment and not Stimulus Check or Stimulus Payment. So, symptom of a scamming call or mail or text is the use of more of unofficial words like Stimulus Check or Stimulus Payment. Do not believe anyone who uses Stimulus Check or Stimulus Payment more than “official term” .
3. The scammers may contact you by phone, email, text or social media for verification of personal and/or banking information saying that the information is needed to receive or speed up their economic impact payment.Do not entertain such calls as IRS never does that !
4.Do not provide anyone details of direct deposit or other banking information to input on their behalf into the secure portal.
4.Scammers may lure the gullible tax payers by offering speedy receipt of that a tax refund or economic impact payment by working on behalf of the taxpayer. Do not accept any offer of speedy disposal of economic impact payments.
5.The scammers may mail the taxpayer a bogus check, perhaps in an odd amount, then tell the taxpayer to call a number or verify information online in order to cash it.If you get any such bogus check , report to email@example.com.
How to Report Coronavirus-related scams ?
IRS has set up a simple email address — firstname.lastname@example.org for easy reporting of any phishing or scam suspicious activity . Those who receive unsolicited emails, text messages or social media attempts to gather information that appear to be from either the IRS or an organisation closely linked to the IRS, such as the Electronic Federal Tax Payment System, should forward it to email@example.com. If you wish to know the Official IRS information about the COVID-19 and economic impact payments , visit the IRS exclusive page on the coronavirus tax relief . The page is updated quickly when new information is available.
End Quote !
Scammers thrive in difficult time.Like vultures!
“The Vulture. Of all the creatures in the jungle, he has it the easiest. The hard work of others becomes his work; their failure to survive becomes his nourishment. Keep an eye on the Vulture — while you are hard at work, he is circling above. Do not fight him, join him.”
― Robert Greene, The 48 Laws of Power