Alert to Members

Posted by | Filed under Uncategorized | Apr 19, 2010 | Comments Off

It has been reported that some consumers are being drawn in by individuals claiming to be tax preparers. They provide their personal information (i.e., name, social security number, etc.) to have tax refund completed and the phony tax preparer inflates the information as much as possible with fraudulent information (i.e., claiming children they don’t have, day care expenses, etc.) to obtain a larger refund. The tax refunds are transmitted as a direct deposit (ACH credit) to either a newly created account or an existing account with an impersonator added as a joint owner. These accounts are being established by either the impersonator or their recruiters. Once the tax refund has been deposited into this account, the impersonator or recruiter withdraws their fee and the remainder of the ACH credit goes to the tax recipient. It is important to be safe when giving our personal information to unknown parties. We want to remind members about the availability of Turbo Tax through our website to help ensure a safe return.

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