In August, in anticipation of the new school year, the IRS warned taxpayers about scam phone calls directed at parents and students demanding payments for fake, non-existent taxes.

These scam artists call students and demand that they make immediate payment arrangements such as wiring money to satisfy a fake tax bill.

These callers often refer to a “federal student tax,” which, of course, doesn’t exist. When those targeted resist in any way, the caller then threatens to report the individual to the police, even stating that the consequence of immediate noncompliance is arrest. These types of cons are becoming more common each school year just around the time school begins in the late summer as scammers look for prime opportunities to target their victims.

This is a preview of Parents Beware Of Scams Aimed At Students. Read the full post (565 words, 2 images, estimated 2:16 mins reading time)

In late May of 2016, the IRS issued a warning to predominantly student taxpayers about fake phone calls allegedly from IRS representatives demanding payment for a “Federal Student Tax,” a tax which doesn’t even exist. Despite the April tax deadline occurring over two months ago, IRS impersonators continue to contact students throughout the U.S. using various strategies to trick them into wiring money for failing to pay this fake “federal student tax,” usually threatening to report the student to some law enforcement authority if he or she refuses to pay.

This is a preview of The New Tax Scam: Bogus “Federal Student Tax”. Read the full post (430 words, 1 image, estimated 1:43 mins reading time)