Alabamians owed $18 million by IRS: Are you on the list?

17700 Alabamians owed $18 million by IRS: Are you on the list?

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

"This behavior is especially common early in the year when many taxpayers are preparing to file their tax returns".

The IRS is warning taxpayers of an old scam with a new twist.

One of these scams, officials said, involves cyber criminals filing falsified tax returns and obtaining fraudulent tax refunds from taxpayers by posing as IRS officials and debt collectors. "This is a good time for people to think about ways that they can protect themselves".

Uncle Sam has a total of $23 million waiting to be claimed by an estimated 23,000 Missourians who did not file a tax return in 2014.

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If you suspect fraudulent activity on your account, call your bank immediately.

In one version of the scam reported to the IRS, a taxpayer reported receiving a fraudulent refund, and later getting an automated call with a recording of someone claiming to be from the IRS.

In this fake IRS notice, which uses a realistic IRS logo, victims are told that they must return the refund money to a "local refund account" within 24-hours. The criminals asked taxpayers to forward the money to the collection agency. IRS officials will not call to demand immediate payment, nor will they demand that you pay without the opportunity to ask questions or file an appeal.

If you receive a call that is potentially a scam, the DATCP encourages you to resist the pressure to act quickly and warns against wiring money or providing bank information or credit card numbers to strangers.

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Do not trust the number you see on your caller ID, even if it appears to be coming from the IRS.

Make sure you are educated about phishing schemes, which involve fraudulent email messages that are created to steal sensitive information, such as passwords, user names or personal financial information.

The most important thing to know is that the IRS will never initiate contact with taxpayers by email, text messages or social media. Use different passwords for each account. Some websites use encryption only on the sign-in page, but if any part of your session isn't encrypted, your entire account could be vulnerable.

When using an online tax preparation service, look for the tax preparer identification number. Elect to automatically update the software.

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