Tax Scam: How Gift-Card Phishing Works
You'd think that at a time when the country is deep in the throes of a recession and major health crisis, scammers would give things a rest. Not so. Countless people have already fallen victim to coronavirus-related scams, and this year, the IRS is urging taxpayers to avoid joining their ranks.
If you've ever owed money to the IRS, you've probably mailed in a check with your tax debt or arranged to have that money electronically withdrawn from your savings or checking account. But have you ever been inspired to send the IRS a gift card to cover a tax bill? Probably not.
Yet a new scam is circulating that involves asking taxpayers to cover a so-called unpaid tax debt with gift cards. And the IRS wants to make it abundantly clear that while gift cards make for a nice holiday gesture, they're by no means an accepted payment option when it comes to an outstanding tax bill.
Source Fool.com
