A recent Executive Order 14247, “Modernizing Payments To and From America’s Bank Account” has introduced updates to available direct deposit options. Under these changes, individual taxpayers may now be able to provide a new or updated bank account for receiving their tax refund via direct deposit, provided certain conditions are met. If you or your…
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Tag: Taxpayer Security
Fraudulent Credit Schemes Circulating Social Media
The Internal Revenue Service (IRS) is warning taxpayers about a surge in fraudulent tax schemes circulating online — particularly on social media — that encourage the misuse of credits such as the Fuel Tax Credit and the Sick and Family Leave Credit. Since 2022, thousands of taxpayers have been misled by false claims suggesting that…
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Scam Alert: Fraudulent Tax Refund Text Messages
We want to alert you to a current scam targeting taxpayers. Scammers are sending fraudulent text messages that appear to come from state revenue departments or the IRS. These messages often claim you are owed an income tax refund and ask you to provide personal or banking details so the “refund” can be deposited. This…
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