Welcome to The Word on Wealth's Tip of the Week! Every week we email the Tip of the Week and more directly to our subscribers with our Weekly Economic Update. You can sign up directly to receive a copy here: https://grandcanyonplanning.com/resource-center/signup
This week's tip:
If you receive an email or a phone call about your taxes from the Internal Revenue Service, chances are it is fake. As a rule, the I.R.S. does not initially contact people about tax issues over the Internet or by phone.
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Hep Cats by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/3867-hep-cats
License: http://creativecommons.org/licenses/by/4.0/
Hi, I'm John Dombroski, and this is The Word on Wealth's Tip of the Week.
This week's tip is "If you receive an email or a phone call about your taxes from the Internal Revenue Service, chances are it is fake. As a rule, the IRS does not initially contact people about tax issues over the Internet or by phone."
It's usually always by mail. What should you do if you receive some type of communication such as this? Well, I usually recommend you contact your tax professional, your tax advisor, or CPA.
You know thousands of people have lost millions and millions of dollars due to these types of scams by giving away their personal information. Don't you believe IRS already has all that information? So, please, please be very careful about that.
Just as with any type of information that you would have, personal information, it is always best before you would give any of that information out you need to confirm who you're communicating with.
The best way to do that is if it's something to do with IRS, well, you can pick up the phone and call them. Or if it's something to do with your bank, you certainly can, again, not give the information out but contact your bank and deal with them directly to make sure that this is in fact a real scenario that requires some additional information from you.
So please, as always, be very careful about your personal information and giving that information out.
Visit our website at grandcanyonplanning.com to learn more about our services and listen to full episodes of the Word on Wealth. You can also call us to schedule your complimentary retirement assessment at 480-991-1055.
I'm John Dombroski reminding you, don't run out of money before you run out of time.