IRS Warns of Cyber Fraud - Be Sensible and Sensitive ... Don't be Caught by Tax Phishing Scams!

By Lester B. Law

More and more, emboldened cyber scammers attempt to abscond with taxpayers' funds and information by posing as IRS representatives (or as representatives of some other legitimate agency or private company).  This illegal cyber activity is referred to as "phishing".  In a recently published report, the IRS alerts practitioners to advise their clients about recent phishing e-mails. This Client Alert summarizes the IRS' advice regarding keeping your sensitive information private, and advises about the tax implications regarding such losses.

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