Do Not Fall Victim to a COVID-19 Scam

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Do Not Fall Victim to a COVID-19 Scam

April 13, 2020

The Internal Revenue Service (IRS) will begin to distribute COVID-19 Economic Impact Payments in a matter of weeks. For most Americans, this will be a direct deposit into your bank account. For the unbanked, elderly or other groups that have traditionally received tax refunds via paper check, they will receive their economic impact payments in this manner as well.

With any good news story from the IRS, comes an opportunity for criminals and scammers to take advantage of the American public.

Scammers may try to get you to sign over your check to them.
Scammers may use this as an opportunity to get you to “verify” your filing information in order to receive your money, using your personal information to file false tax returns in an identity theft scheme.

Between these two schemes, everyone receiving an economic impact payment is at risk.

The Internal Revenue Service – Criminal Investigation (IRS-CI) is working tirelessly alongside our civil counterparts and law enforcement partners to identify scams and halt wrongdoers from taking advantage of the American people. Special Agent in Charge Ryan L. Korner warns, “unfortunately criminals are taking this unprecedented pandemic as an opportunity to exploit the public. It is critical now more than ever to remain vigilant for scams that are attempting to steal your personal information and your money. All Americans should specifically be on the lookout for scammers trying to directly steal their COVID-19 Economic Impact Payment, as well as fraudsters trying to trick them into providing sensitive information by convincing them it is required to receive their payment from the IRS.”

“While much of the country is working from home, scammers and con artists are also working – on schemes to steal your money,” said United States Attorney Nick Hanna. “Criminals are taking advantage of the health emergency, so I urge everyone to heed the warnings to protect your personal information, your bank account and anything potentially valuable to a fraudster. The Justice Department will vigorously investigate and prosecute criminals, but we need everyone to be extra careful so they can avoid becoming a victim.”

Top Line Messages from the Internal Revenue Service

The IRS will deposit your economic impact payment into the direct deposit account you previously provided on your tax return (or, in the alternative, send you a paper check). The IRS will not call and ask you to verify your payment details. Do not give out your bank account, debit account, or PayPal account information – even if someone claims it is necessary to get your economic impact payment. Beware of this scam.

If you receive a call, do not engage with scammers or thieves. Just hang up. If you receive texts or emails claiming that you can get your money faster by sending personal information or clicking on links, delete them. Do not click on any links in those emails.

Reports are also swirling about bogus checks. If you receive a “check” in the mail now, it’s a fraud –- it will take the Treasury Department a few weeks to distribute the payments. If you receive a “check” for an odd amount (especially one with cents), or a check that requires that you verify the check online or by calling a number, it’s a fraud.