Safeguarding Your Personal Information During Tax Season

Adam Waitkevich (alt)

Adam Waitkevich, CFP®, CDFA™, ADFA™, Certified QDRO Specialist™ March 18th, 2024

Tax season is upon us, which means it’s time to pay our dues to Uncle Sam. Unfortunately, this time of year also attracts unscrupulous individuals who look to exploit this necessity, devising scams that target unsuspecting taxpayers.

In today’s digital age, these tax scams are becoming increasingly sophisticated, making it harder to differentiate between what is legitimate and what is fraudulent. One tactic used by scammers is to lure individuals with the promise of “free money” such as unclaimed refunds or stimulus funds, only to require an upfront fee for its release.1 Another prevalent scam involves fraudsters posing as a third-party offering to help set up an online IRS account to make tax payments. This information can then be used to file a fake return, steal their identity, or commit other forms of financial fraud.2

It’s important to note that the IRS primarily communicates through the mail and will rarely make contact by phone or in person unless a taxpayer has already received multiple written notices. The IRS will never demand immediate payment, threaten to call the police, or request payment through gift cards, prepaid cards, or wire transfers.3

To help protect yourself, consider creating an IRS Online Account on and avoid exchanging or storing sensitive financial information in an email account. If you receive unsolicited communications claiming to be from the IRS, check with your tax professional before responding. If appropriate, the next step may be to report the incident to local law enforcement, the FBI, the state attorney general, AARP, or the FTC.

Please remember that this article is for informational purposes only and is not intended as tax or legal advice. Consult with your tax and financial professionals if you have questions or concerns about your personal tax situation., January 9, 2024. “AARP: Scams the IRS wants you to know about.”, January 18, 2024. “‘Fraud is at a crisis level,’ says expert: 5 financial scams to watch out for in 2024.”, July 27, 2023

Read More By Adam Waitkevich, CFP®, CDFA™, ADFA™, Certified QDRO Specialist™

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security. Investment advisory services are offered through Concord Wealth Partners, an SEC Registered Investment Advisor.

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