Dena Standley | October 19, 2022
Edited by Hannah Locklear
Hannah Locklear is SoloSuit’s Marketing and Impact Manager. With an educational background in Linguistics, Spanish, and International Development from Brigham Young University, Hannah has also worked as a legal support specialist for several years.
Summary: There are a lot of IRS scammers out there. Here is SoloSuit's guide on how to spot Tax Debt Compromise Program scams and other fraudsters pretending to be with the IRS.
Last year, 59.49 million Americans (23%) lost money to phone scams. According to Truecaller, the average reported loss in the previous 12 months was $502, up from $351 in 2020. What's staggering is that robo-callers deceived 60 percent of the victims called.
Over that time, fraudsters posing as IRS agents defrauded these victims over $29 billion through the IRS's offer of a compromise debt relief program. It's one thing to get annoying, endless calls from telemarketers and robo-callers. Phony tax debt relief phone calls are even worse.
An offer in compromise lets you pay less than your total tax bill. If you cannot pay your entire tax debt or if doing so would put you in financial hardship, it may be a viable choice. Tax-relief organizations help distressed taxpayers, but many individuals find the qualification standards challenging. But the IRS considers the following facts and circumstances:
Before making a compromise offer, look into all available payment choices. When the amount you propose is the most they can hopefully collect in a reasonable time, the IRS approves your offer in compromise. Check the qualifications of any tax professional you employ to assist you in filing a request.
You may qualify for an Offer in Compromise if you:
If the IRS cannot process your Offer in Compromise, they will:
A clever scammer wants you to believe you are dealing with a government body associated with the IRS. Threats like these are standard strategies used by con artists to entice victims to invest in their schemes. If the caller fits the description below, then it's probably a scam:
The IRS never calls you demanding immediate payment with a specific payment method, whether it's prepaid debit card, gift card, or wire transfer. Any taxpayer who owes taxes will first get a bill in the mail from the IRS. Here is what to do:
The IRS directs you to direct payments to the "United States Treasury” if you owe taxes. Check out the instructions on how to pay here.
Contact the Treasury Inspector General for the Tax Administration to report phone fraud. Use their web page for "IRS Impersonation Scam Reporting." You can also reach them at 800-366-4484. Inform the Federal Trade Commission about phone fraud and use the FTC Complaint Assistant. Be sure to include the phrase, "IRS Telephone Scam," in the notes.
Report an unsolicited email purporting to be from the IRS or a component of the IRS, such as the Electronic Federal Tax Payment System, to the IRS. Finally, visit Tax Scams/Consumer Alert for a comprehensive list of current and consumer alarms.
If debt is keeping you from paying your taxes, and if debt collectors are calling you off the hook or suing you, SoloSuit can help you get them off your back and find debt relief you need.
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