Chandler said the state DOR estimates it stopped about $59 million in fake refunds.
They're at it again... tax scammers scheming new ways to steal personal information and money. Specifically, if the IRS has found an error on your return or requests more information from you. The criminals use that data to file fraudulent tax returns in the names of identity theft victims.
Uncle Sam has a total of $23 million waiting to be claimed by an estimated 23,000 Missourians who did not file a tax return in 2014.
Hacks tax preparers' computers to steal taxpayer data. The victims were asked to forward the money to a collection agency.
If tax identity theft happens to you, visit IdentityTheft.gov to report it to the FTC, file an Identity Theft Affidavit with the IRS electronically, and get a personal recovery plan. That means April 17, 2018, is the last day for people who didn't file their returns in 2014.
One of these scams, officials said, involves cyber criminals filing falsified tax returns and obtaining fraudulent tax refunds from taxpayers by posing as IRS officials and debt collectors. Any of these scenarios is a strong indication that you may be the victim of tax identity theft. "You can hang up the phone and contact the IRS directly and ask if you owe them money". And you should have your bank return the payment to the IRS and immediately take steps to secure your bank account. If you encounter any of the scenarios described above, call the IRS at (800) 829-0433 to report the potential fraud. Criminals are depositing fraudulent tax refunds into individuals' actual bank accounts, then attempting to reclaim the refund from the taxpayers. Simply contact any one of the three major credit-reporting bureaus (TransUnion, Equifax or Experian) and they will alert the other two bureaus about your fraud alert. It might take you a while to process the changes in the Tax Cuts and Jobs Act, as well as the new Congressional budget agreement, but try not to delay filing your tax return for too long. Generally, Americans have three years to file a past return before their refund money becomes property of the U.S. Treasury. In Texas, 108,000 people didn't file a tax return in 2014, leaving behind a whopping $122 million.
But do you know Sue Wang with Debt and Credit Consulting Services? If you're under age 59, the government will assess a 10 percent penalty right off the top of the amount you withdraw.