Money Monday: Unclaimed federal income tax refunds waiting to be claimed

Money Monday: Unclaimed federal income tax refunds waiting to be claimed

Instead of routing the fraudulent tax refunds to a separate account, the suspects instead direct the funds to the victim's real bank accounts through direct deposit, the IRS says. There are tremendous benefits and conveniences to this, of course, but there are also some downsides such as the increased risk of identity theft that arises as we share more of our personal information online. The most common con involves telling the victim that they're under investigation for tax fraud and that they'll be arrested if they don't pay a bogus back tax bill immediately.

The caller gives you a case number and a telephone number to call to return the refund.

Taxpayers in the United States will have two extra days this year to file their tax returns.

With the income tax filing deadline a little more than a month away, the Internal Revenue Service has released its annual 2018 "Dirty Dozen" report, a list of scams circulating at any time during the year, but peaking during tax season. The fraudster then calls the taxpayer, saying the refund was deposited in error and threatens to send the matter to a collection agency if the taxpayer doesn't "return" the money by sending it to the fraudster.

If this notice applies to you, there a few things to consider.

The Revenue Department and IRS will never call demanding immediate payment of past-due taxes. Any of these scenarios is a strong indication that you may be the victim of tax identity theft. The thieves then contact you, often by phone, and - posing as the IRS or debt collectors for the IRS - demand you return the money to the IRS. "You can hang up the phone and contact the IRS directly and ask if you owe them money".

Do You Have Barrick Gold Corporation (NYSE:ABX) In Your Portfolio?
By taking a look at the stock's current statistics it can gauged that the stock candle is BULLISH with HIGH volatility. Morgan Stanley maintained Barrick Gold Corporation (NYSE: ABX ) on Wednesday, February 28 with "Equal-Weight" rating.

President Bhandari re-elected to 2nd term of office
Nepal held elections for its national parliament and provincial assemblies in November and December past year . An electoral college, including members of parliament and provincial assemblies, will vote in the election.

Former Cuomo 'Enforcer' Convicted on Corruption Charges
The decision came one day after the panel informed Manhattan Federal Judge Valerie Caproni they had reached an impasse . Cuomo's political rivals to making sure chairs and thermostats were in order for the governor's public appearances.

In another version, after you get that erroneous refund, you get an automated call, allegedly from the IRS, threatening you with criminal fraud charges, an arrest warrant, and "blacklisting" of your Social Security number.

If someone is the victim of a scam or gets contacted by someone they think is an IRS impersonator, they should reach out to the Department of Revenue.

Like any swindle, it is always better to take steps to prevent identity theft from happening than to react to it after the fact.

There are some circumstances in which your refund may take longer.

Federal law allows tax payers a three-year window for claiming a tax refund.

Related:

  • Babysitter accused of beating toddler: Family preparing to say goodbye

    Babysitter accused of beating toddler: Family preparing to say goodbye

    Magistrate John William McNally Jr. set her bond at $30,000 - the standard $15,000 for each second-degree felony count. Get background checks, talk to neighbors, friends, and family members before letting anyone watch your children.

    Trims Position in Amazon.com, Inc

    As per Tuesday, December 22, the company rating was maintained by Macquarie Research. (NYSE:GRUB) rating on Monday, September 18. State Board of Administration of Florida Retirement System increased its position in Amazon .com by 0.5% in the second quarter.
    Portable power banks recalled due to fire, chemical burn hazards

    Portable power banks recalled due to fire, chemical burn hazards

    Amazon has issued a voluntary recall of six AmazonBasics power bank models due to overheating, which has potential fire risk. These recalled units were sold from December 2014 through July 2017 through Amazon's website, Pop-Up stores, and Bookstores.
  • Cycling, Tirreno-Adriatico: Michal Kwiatkowski wins race, Rohan Dennis takes final stage

    Cycling, Tirreno-Adriatico: Michal Kwiatkowski wins race, Rohan Dennis takes final stage

    Marcel Kittel pictured champagne spraying after winning stage six of the won the Tirreno-Adriatico today. Yates, however, said he had "been feeling good for a few days".
    BJP to boycott all party-meet called by Kejriwal to discuss sealing

    BJP to boycott all party-meet called by Kejriwal to discuss sealing

    The all-party meeting ended up being an AAP and Congress meeting, with the BJP boycotting. The Monitoring Committee was set up by the Supreme Court in 2006.

    José Mourinho attacks 'worst manager' De Boer for Rashford comments

    He was Mourinho's most used player in 2017, with 61 appearances for United in all competitions. "I'm really happy with Marcus". In fact some had suggested that the 20 year old would need to leave Old Trafford to get the football his talents deserve.
  • Canada: Trump speaks to Trudeau over phone, stresses on fast NAFTA deal

    Canada: Trump speaks to Trudeau over phone, stresses on fast NAFTA deal

    Trudeau said his government is working hard to ensure that the exemptions stay in place and took issue with the U.S. President's decision to use the tariffs as a bargaining chip. 'Canadian aluminum is in your fighter jets.
    The fashion world pays tribute to the late Hubert de Givenchy

    The fashion world pays tribute to the late Hubert de Givenchy

    In 1995, he retired from fashion but remained active as an antiques expert for Christie's, the Louvre museum and Versailles. Legendary Italian-born creator Valentino told Agence France-Presse that he tried to get a job with Givenchy when he was 17.
    Chinese takeaway dishes 'should carry warnings about salt content'

    Chinese takeaway dishes 'should carry warnings about salt content'

    Expending excessively salt has been related to the advancement of degenerative wellbeing conditions, which incorporate coronary illness.
  • Israel Escapes Early Elections as Coalition Stabilizes

    Israel Escapes Early Elections as Coalition Stabilizes

    Lieberman has stuck to his position of opposing the conscription bill, but says he will not quit the government over it for now. Another secular party in the right-wing coalition, the economics-focused Kulanu, has also expressed trepidation over the bill.
    The Zoya Factor Movie First Poster out; Dulquer Salmaan, Sonam Kapoor

    The Zoya Factor Movie First Poster out; Dulquer Salmaan, Sonam Kapoor

    Dulquer Salmaan also tweeted, "Now this one is really special for me!" The movie is supposed to be directed by Abhishek Sharma. The two actors will be seen together for the screen adaptation of Anuja Chauhan's best-selling novel by the same name.
    The Voice VS American Idol! Kelly Clarkson VS Katy Perry! WHO WON???

    The Voice VS American Idol! Kelly Clarkson VS Katy Perry! WHO WON???

    Brandon Diaz, 21, Ashburn, Virginia: His father emigrated to Cuba as a child and taught Brandon everything he knows about singing. After Casanova auditioned, Perry delivered his golden ticket wedged between her toes with her leg hiked onto the judges' desk.

Comments

Latest news

State of Decay 2 Collector's Edition Announced
State of Decay 2 Collector's Edition will feature an exclusive Steelbook Case, Zombie Mask, and thumb drive. "At Xbox, we focus on giving players a lot of choices to show their love for our franchises".

Netflix's 'The Crown' Paid Its Queen Less Than Its Prince
Claire Foy blew critics and audiences away with her turn as Queen Elizabeth on Netflix's expensive royal drama The Crown . However, I would like to state for the record that her getting paid less than Matt Smith is bullshit of the highest order.

Buffy the Vampire Slayer revival is 'frequently' discussed, says Fox head
Since the series ended, she has maintained her stance that a reboot could tarnish the legacy left behind. It was a groundbreaking series that earned a devoted following over its seven seasons - including myself.

Hasin Jahan allegedly attacks journalists in Kolkata, breaks camera
Hasin on Tuesday also claimed that the cricketer is using different phone numbers to intimidate his wife. The report also added Shami's mobile number being seized by the police.

Iraq lifts ban on intl flights to Kurdistan airports
It also specified that the biometric system used in the Kurdistan Region's airports will be linked with the federal system.

Varun Dhawan impresses in first "October" trailer
Not only the film has been an emotional journey for the actor, but the film also turned out to be a learning experience for Varun. Bollywood actor Varun Dhawan says his upcoming film " October " came as a much-needed opportunity in his film career.

Case Keenum reportedly to sign with the Broncos
That's at least $10 million less than what fellow free agent quarterback Kirk Cousins is expected to be paid this offseason. When free agency officially opens Wednesday, Keenum is expected to receive a two-year, $36 million deal, according to Klis.

There are 7000 pairs of shoes outside the Capitol. Here's why
Prominent celebrities, including Bette Midler and Chelsea Handler, helped publicize the drive via social media. And, on March 24, there will be another large demonstration against gun violence.

Latest Storm Slams Tri-State Area With Snow, Wind
The weather service says total accumulations are expected to range from 12 to 17 inches of heavy snow in near blizzard conditions. The flight-tracking site FlightAware reported more than 1,300 canceled flights within, into or out of the US on Tuesday .

Warmer weather ahead in Oklahoma, but no rain
We're probably on the cool side of the front Saturday , with highs near 50 and a chance of showers. So, look for showers to begin overnight and then continue from time to time through Sunday night .

Bharti Airtel gets board nod to raise Rs 16500 cr
Mumbai: Bharti Airtel is set to raise as much as Rs 16,500 crore that will give it more firepower to take on rival Jio. A part of the stake will be utilised for the completion of stake sale in Bharti Telemedia to Warburg Pincus Group.

JK minister Altaf Bukhari given additional charge of finance
He was the public works (road and buildings) minister during the tenure of former CM Mufti Mohammad Sayeed . My association with PDP dates back to those years when I wasn't even formally into politics, he reminisced.

Kerala on high alert after warning of depression over Arabian Sea
Coast Guard ships are on standby while the government has set up two control rooms in Alappuzha and Thiruvananthapuram. Meanwhile, the state's chief secretary Paul Antony met senior officers of various departments to review preparations.

Monster Hunter World Is Getting A Devil May Cry Collaboration
With Devil May Cry HD Collection arriving today, the timing of this new promotion is certainly more than a mere coincidence. JACKPOT! Hunt monsters in SSStyle with Dante's classic getup in #MHWorld ! Monster Hunter: World is available now.

Gigi Hadid And Zayn Malik Just Broke Up After 2 Years Together
This afternoon Zayn hinted at the split in an Instagram post. "She's not like, arrogant in any way, she's confident". The 22-year-old continued, "I'm forever grateful for the love, time and life lessons that Z and I shared".

Other news