Federal Tax

IRS & Security Partners Warn of New Text Message Scam

Beware of a new text message scam, warns the IRS and its security partners. The COVID-19-related scam tells unwary taxpayers that they qualify for a $1,200 Economic Impact Payment. Here’s how the scam works: Taxpayers get a text which states they’ve “received a direct deposit of $1,200 from COVID-19 TREAS FUND. Further action is required to accept the payment.” The recipient is then directed to a fake link that appears genuine, where they are asked to enter their personal information. The information is then captured by thieves. The IRS reminds taxpayers that it doesn’t send unsolicited texts or e-mails. If you receive such a text, here’s what the IRS recommends. For questions, reach out to the Cg Team. © 2020