Make Fake Bank Statement Free: A Warning from the IRS

The Internal Revenue Service (IRS) has issued a consumer alert warning taxpayers about a new scam that is spreading rapidly. Scammers are encouraging individuals to use wage information on their tax return to claim false credits and receive a large refund. This scheme involves misusing Form W-2, Wage and Tax Statement, and submitting fraudulent tax returns.

The IRS is seeing two variations of this scheme, both of which aim to generate a larger refund by misusing W-2 wage information. In one scheme, scammers instruct individuals to make up large income and withholding figures, as well as the employer from whom it is coming. This information is then used to file a bogus tax return electronically, in hopes of receiving a substantial refund - sometimes as much as five figures.

Another variation involves using tax software to manually fill out Form W-2 and include false income information. Scammers are circulating this scheme on social media, urging people to take advantage of it.

The IRS is working closely with payroll companies, large employers, and the Social Security Administration to verify W-2 information. The agency is also actively monitoring for this scheme and others, as part of the Security Summit partnership with the tax industry and states.

Acting IRS Commissioner Doug O'Donnell has warned taxpayers not to fall for these scams, stating that there is no secret way to get free money or a big refund. 'We are seeing signs this scam is increasing, and we worry that innocent taxpayers could be at risk of being tempted into falling into a trap that puts them at risk of financial and criminal penalties,' he said.

To avoid falling victim to these scams, the IRS reminds taxpayers not to make up income and try to submit a fraudulent tax return in hopes of getting a huge refund. National Consumer Protection Week is starting on Monday, and the IRS and Security Summit partners are warning people not to fall for these schemes.

In conclusion, it's essential for taxpayers to be aware of these scams and not take any action that could put them at risk of financial and criminal penalties. The IRS is working hard to prevent and detect fraudulent activities, but we all need to do our part by being cautious and vigilant when dealing with tax-related matters.

Make fake bank statement free