IRS Warns of Fraudsters This Tax Season

Guard against cyber crooks’ knocking on your (virtual) door.

Scams that target digital, identity-based records of your clients represent more than just a financial threat. They can also jeopardize the longstanding trust you’ve built with these clients. That’s one reason the IRS urges professionals who work with taxes to be extra mindful of potential fraud as they head into the 2017 tax season.[1] The agency warns professionals about a specific, fake email from “Your e-Services Team” with an IRS logo and the subject line “Security Awareness for Tax Professionals.” It’s a sophisticated phishing scam designed to capture key, personally identifiable information. Here’s some tips from the IRS on how to minimize your chances of being affected.

A Fake Warning

The scam email warns recipients that information was stolen from some users in 2015 and directs them to a fraudulent website in hopes they’ll divulge a username and password, and other specific financial and private information, by filling out a bogus registration. If you or your clients have already provided information to such a site, the IRS suggests that you contact its e-Services Help Desk to reset your account information. At the same time, change any other accounts that may bear the same username and password. The IRS urges you to perform a deep security scan on all of your computers and review your own e-security processes.

A Growing Threat

The recent alert is part of an overall effort by the IRS to battle the growing threat of electronic tax fraud. Working with state tax agencies and the private tax preparation industry, the IRS formed a Security Summit to educate the industry and the public about the extent of the problem.[2] Keep in mind that fraudsters don’t always pretend to be IRS representatives. In one scheme, criminals send emails purporting to be from a client who is requesting follow-up on a supposed previous meeting.[3]

Simple but Effective Steps

Among its top security tips, the IRS urges professionals to use high-quality security software, including encryption software, to protect taxpayer information. Another simple solution, too often overlooked, is using strong passwords that you change frequently. Finally, be suspicious of any communication purporting to represent the IRS that comes to you outside of the channels you normally use. And, when an email seems suspicious, asking for personal information about you or your clients, don’t click it or download any information.[1]

Being actively aware of the threat can help you stay vigilant during tax season and all year long.

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Important Legal Disclosures and Information

  1. https://www.irs.gov/uac/newsroom/irs-warns-tax-professionals-of-new-eservices-email-scam

  2. https://www.irs.gov/individuals/protect-your-clients-protect-yourself

  3. https://www.irs.gov/uac/safeguarding-taxpayer-data-avoid-scams

The article(s) you are reading were prepared for general information purposes by Manifest, LLC. These articles are for general information purposes only and are not intended to provide legal, tax, accounting or financial advice. PNC urges its customers to do independent research and to consult with financial and legal professionals before making any financial decisions. These articles may provide reference to Internet sites as a convenience to our readers. While PNC endeavors to provide resources that are reputable and safe, we cannot be held responsible for the information, products, or services obtained on such sites and will not be liable for any damages arising from your access to such sites. The content, accuracy, opinions expressed, and links provided by these resources are not investigated, verified, monitored or endorsed by PNC.