Beware of New Tax Filing Scams in 2025

Tax season is underway, and scammers are ramping up their efforts to steal sensitive personal and financial information. Fraudsters use phone calls, emails, and fake websites to trick taxpayers into providing Social Security numbers, banking details, and other confidential data. At First Bank and Trust Company, we want to keep you informed about the latest tax-related scams and help you protect your hard-earned money.

Common Tax Scams in 2025

• Fake IRS Phone Calls and Emails

Scammers posing as IRS agents call or email taxpayers, claiming they owe back taxes or face immediate legal action. They may demand payment via wire transfer, gift cards, or cryptocurrency. Remember, the IRS will never call or email you about unpaid taxes—official notices always arrive by mail.

• Fraudulent Tax Refund Claims

Some fraudsters file fake tax returns using stolen identities to claim refunds. Victims may not realize their information has been compromised until they try to file their legitimate tax return. To prevent this, file your taxes early and use an IRS Identity Protection PIN (IP PIN) for extra security.

• Phishing Scams Targeting Taxpayers and Businesses

Fake emails or text messages pretending to be from the IRS or tax preparation services direct recipients to
fraudulent websites designed to steal login credentials. Be wary of emails requesting personal information or directing you to click on links—always visit official websites directly.

• Social Media Tax Scams

Fraudsters exploit social media platforms to spread misinformation about tax credits or refunds, often encouraging users to submit false claims. Engaging in these schemes can result in penalties and audits from the IRS.

• Ghost Tax Preparers

Unscrupulous tax preparers promise large refunds but fail to sign tax returns or provide copies to clients. These “ghost preparers” may charge high fees and disappear after filing incorrect or fraudulent returns on your behalf. Always use a reputable, credentialed tax professional.

How to Protect Yourself

• File Early: The sooner you file your taxes, the less opportunity scammers have to submit fraudulent claims in your name.
• Verify IRS Communications: If you receive a suspicious IRS-related message, contact the IRS directly at 1-800-829-1040 or visit www.irs.gov.
• Use Secure Tax Filing Methods: File your taxes through trusted tax preparers or directly through the IRS website.
• Protect Your Personal Information: Never share your Social Security number or banking details with unverified sources.
• Report Scams: If you encounter a tax scam, report it to the IRS at www.treasury.gov/tigta and the Federal Trade Commission at www.ftc.gov/complaint.

Stay Vigilant

At First Bank and Trust Company, we prioritize your security. If you suspect fraudulent activity on your account, contact us immediately. Stay informed, stay cautious, and have a safe tax season!