Venture Vault

We all do it - we get that call from the unidentified phone number, or the text from someone claiming to be part of the IRS Resolution Department, and we panic. Here’s how you can tell the difference between what’s real and what’s a scam.

The IRS recently issued a warning about a surge in tax scams, especially as identity thieves get bolder and more sophisticated. Scammers are posing as IRS agents, contacting taxpayers by phone, email, text, and even social media. They may demand immediate payment, threaten arrest, or offer fake refunds to steal personal and financial information.

Here’s what to remember: the IRS will never initiate contact with you via email, text, or social media to request personal or financial information. They also won’t demand payment using gift cards, cryptocurrency, or wire transfers. Legitimate IRS communications usually come by mail, and you’ll always have the opportunity to question or appeal what you owe.

If you suspect a scam, report it to the Treasury Inspector General for Tax Administration and forward suspicious emails to [email protected]. Staying informed is the first step in protecting yourself. Don’t let panic override your judgment - when in doubt, slow down and verify.

The Corporate Transparency Act is back on the table - but only for Real Estate transactions. Need help figuring out if this applies to you? We can help.