IRS Guidelines for the Economic Impact Payment

 REMEMBER: The IRS will never call, email, text or reach out to you on social media to verify or provide your financial information. 

Official IRS information about COVID-19 (Coronavirus) pandemic and economic impact payments can be found on the Coronavirus Tax Relief page on IRS.gov
 

IRS Guidelines for the Economic Impact Payment

IRS issued a warning regarding Coronavirus-related scams that can lead to tax fraud and identity theft. Criminals will take every opportunity to mislead victims into giving their personal and financial information. The Coronavirus Pandemic is no exception. There has been an increase in calls, text messages, websites, social media, and emails phishing attempts.  

IRS reminds taxpayers that scammers may:

  • Use the words "Stimulus Check" or "Stimulus Payment". The official term is "Economic Impact Payment". 
  • Ask the taxpayer to sign over their economic impact payment check over to them. 
  • Ask by phone, email, text message or social media for verification of personal and/or banking information saying that this information is needed to receive or speed up their economic impact payments. 
  • May show up at your front door promising they can get your payment faster. 
  • Mail the taxpayer a bogus check and tell the taxpayer to call a number to verify information in order to cash it. 

Reporting Coronavirus-related or other Phishing attempt?

  • Forward ALL phishing (email, mail, phone, in-person and social media) attempts to phishing@irs.gov

What should taxpayers remember?

  • Official IRS information about COVID-19 (Coronavirus) pandemic and economic impact payments can be found on the Coronavirus Tax Relief page on IRS.gov
  • IRS will never call, email, mail or in-person ask you to verify or provide financial information to complete your economic impact payment.
  • Retirees who don't normally have a requirement to file a text return, no action is required to receive the economic impact payment. 
  • Seniors are a large number of the targets but no one is exempt from this type of fraud. 
  • Taxpayers who have previously filed but not provided direct deposit information to the IRS will be able to provide their banking information online to a newly designed secure portal on IRS.gov in mid-April.
    •  If direct deposit information is not provided, a check will be mailed. 
  •  Do not engage potential scammers via email, phone or in-person. 

Details

Article ID: 412
Created
Sat 4/4/20 2:38 PM