Be vigilant: Stimulus payment scams on the rise

 

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) authorizes stimulus payments to those who qualify. As a result, scammers may target tax professionals who have access to clients’ personal information.

Will government agencies contact me about stimulus payments?

No. Government agencies, including the IRS and the Minnesota Department of Revenue, will not call, text, or email you requesting information for stimulus payments.

The Minnesota Department of Revenue does not have a role in issuing these or other federal payments.

What should I watch out for?

• Be aware of phishing calls, emails, or texts that include language such as: “In order to receive your client’s stimulus payment by direct deposit, you must confirm their bank information.”
  • If you get a suspicious email or text requesting information, report it. Do not click on links or open any attachments.
• If clients need to file a return to receive a stimulus payment, there may be more fraudulent zero balance or small balance returns filed.
• Due to the extended July 15 tax deadline, criminals may try obtaining clients’ personal information and filing returns before clients do.

What else should I do?

Communicate and share this message with your clients so they are aware of potential scams.

Where can I find more information?

For details on federal stimulus payments, monitor the IRS Coronavirus Tax Relief webpage.

For Minnesota tax-related information, see Our Response to COVID-19 on our website.

 

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