In this episode, we uncover the intricate web of tax-related scams that prey on unsuspecting individuals every year. From phishing emails promising tax refunds to elaborate identity theft schemes, join us as we expose tactics used by scammers to exploit fear and ignorance during tax season.
Today’s guest is Richard Gilbert. Richard is the Director of the Examination Division with the North Carolina Department of Revenue. He has been with the department for over 25 years. He is a licensed CPA and has received his Bachelor’s of Business Administration from North Carolina Central University.
Show Notes:
[1:10] - Richard shares his background and what he does in the Examination Division at the North Carolina Department of Revenue.
[2:38] - Taxes can get very complicated for a lot of people.
[5:17] - The vast majority of tax professionals do their job well and serve their clients honestly. But there are some people who don’t focus on the right thing.
[8:09] - Tax preparers who say they can get you the largest return, ask questions.
[9:36] - Like any other business you employ, you should ask for references.
[11:43] - If you can afford a CPA, hire one.
[12:39] - Be wary of YouTube tutorials and advice. You are responsible for your taxes and if you are audited, it is all on you.
[13:52] - Richard shares some of the things that a good tax preparer will ask for.
[15:11] - There are scammers that will try to file someone else’s tax return before they do and direct their refund somewhere else.
[17:49] - There are things in place that slow down the process that can be frustrating, but are there to protect you.
[19:29] - It is highly recommended to file your tax return as early as possible.
[20:10] - You will never be contacted over the phone, via text, social media, or email by a legitimate tax collector. It will always begin through the mail.
[21:28] - If someone is telling you there is only one way to make a payment, be suspicious.
[24:33] - The biggest problem in mail correspondence is when people do not respond. Open your mail especially during tax season.
[26:31] - There is a form of identity theft in which people use another person’s Social Security number to gain employment.
[28:06] - Be sure that you have everything available to validate your identity when verification is asked for.
Thanks for joining us on Easy Prey. Be sure to subscribe to our podcast on iTunes and leave a nice review.
