Skip to Main Content
Doing More Today
  • News
  • Community
    • Associates in Action
    • Community Engagement
    • Small Business
    • Economic Development
  • Insights & Innovation
    • Economic Commentary
    • Insights
    • Innovation
  • Financial Wellness
    • Financial Wellness
    • Fraud Prevention
  • See the Good
    • Culture
    • Good Company
    • Good Towns
    • Good Pets
    • Ecards
    • Recipes
    • Riding Forward
Subscribe Now
Regions Bank

Regions Bank: Doing More Today: Good stories. Better insights. More possibilities.

Share
Share on Facebook
Share on X
Share on LinkedIn
Share via Email
Subscribe
Illustration of the laptop with tax fraud document and magnifying...
Category: Fraud Prevention

Tax Fraud Scams: 5 Tips to Stay Safe

Criminals use filing deadlines and our natural anxiety in an attempt to steal identity – and your future.

By Doug Segrest | February 13, 2024

There’s only one thing more annoying than paying your taxes: scammers trying to take advantage of you.

Unfortunately, the Internal Revenue Service warned Americans about new tax fraud scams to take advantage of tax payers and preparers.

These schemes are present year-round, but there’s a notable uptick during tax season when people are stressed and trying to file on time. And they usually involve a form of identity theft.

“We emphasize this all the time: vigorously protect your personal information,” said Jeff Taylor, head of commercial fraud forensics at Regions Bank. “Tax season is an opportune time for criminals to try to use your identity for their financial gain, and they’ll use our own anxiety against us.”

The IRS has strengthened its defenses against these scams, but fraudsters are constantly seeking new ways to create havoc. These are some of the methods they will use to take advantage.

  • Phishing – Scammers will send you an email allegedly from the IRS or even your state or local tax assessor offering either a phony tax refund or warning of dire penalties. Remember, official IRS communications usually come through the mailbox.
  • Smishing – Scammers will send text messages warning “your account is on hold” or “unusual activity report,” urging you to respond immediately The first give away to potential fraud is the means of communication. The second is the urgency.
  • Red Flags to ongoing scams – They could include a W-2 from an unknown employer, a tax transcript that you never ordered or a letter or email from a preparer notifying you of a new online account. The latter is easy to confirm – just call your preparer.

As always, be vigilant.

 

5 Tips to Stay Safe from Tax Fraud Scams

During tax season, keep these easy-to-follow tips in mind to keep safe from tax fraud scams.

  1. Don’t trust unsolicited messages. If you get an urgent text, email or phone call requiring immediate attention, remind yourself that’s now the IRS does business.
  2. Those unsolicited messages include respectable tax preparer services promising big refunds. Remember, these messages are likely spoofed and not from legitimate sources.
  3. Don’t click on links in the message. If you are suspicious, forward the message to [email protected]. You’ll help protect others.
  4. Be wary of messages from friends or family seeking help. If you think it’s legit, verify independently with a phone call.
  5. Consider creating your own IRS personal account. It only takes a few minutes and can keep scammers from using your information.

 

 Related Articles From Doing More Today

  • Social Media Scams: 6 Common Schemes
  • Voice Search Scams: 4 Ways to Stay Safe
  • Bad Love: 5 Signs of Romance Scams
  • 8 Steps to Protect Yourself from Imposter Scams

 

The information presented is general in nature and should not be considered, legal, accounting or tax advice. Regions reminds its customers that they should be vigilant about fraud and security and that they are responsible for taking action to protect their computer systems. Fraud prevention requires a continuous review of your policies and practices, as the threat evolves daily. There is no guarantee that all fraudulent transactions will be prevented or that related financial losses will not occur. Visit regions.com/STOPFRAUD or speak with your Banker for further information on how you can help prevent fraud.

 

Share
Share on Facebook
Share on X
Share on LinkedIn
Share via Email
Subscribe

Trending Articles

  • 1.

    2025 Regions Tradition Closes with Come-From-Behind Win

  • 2.

    Angela Santone Joins Regions Bank as Chief People Officer

  • 3.

    Regions Bank Named 2025 Gallup Exceptional Workplace Award Winner

  • 4.

    The Ice Man Cometh

  • 5.

    Regions Recognized for Excellence in Mortgage Servicing

Related Articles

Category: Community Engagement

Share the Good 2025: Greatest Hits

Group of Regions associates from Alabama and associates at the...
Category: Fraud Prevention

Best Remedy for Mortgage Fraud: Stop, Call and Confirm

Mortgage fraud illustration of hand holding a house model and...
Category: Fraud Prevention

Real ID Scams: 5 Tips to Avoid Becoming a Victim

Illustration of a driver's license with a magnifying glass focussed...
Steve Alker taking a swing with a crowd of onlookers...
Category: Culture

Bringing the Tradition to Life: Diebold Nixdorf

Monica Gross Lopez, Digital Experience Researcher, Hinton Taylor, Strategic Planning...
Category: Community Engagement

Putting Job Skills to Work for the Greater Good

Regions Tradition 2025 trophy.
Category: Culture

2025 Regions Tradition Closes with Come-From-Behind Win

Incoming cell phone call from a bank and alert icon.
Category: Fraud Prevention

#BanksNeverAskThat – And Neither Does Regions

Regions.com | About Regions | Investor Relations | Privacy & Security | Website Terms of Use | Contact Regions | Careers at Regions
© 2025 Regions Bank Member FDIC |
All Rights Reserved | Member FDIC | Equal Housing Lender | Online Privacy