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August 7, 2009 12:00 am
Identity Theft Scams: IRS Says Beware
The IRS has warned consumers to steer clear of any identity theft scams that use the IRS name, logo, or website to convince them that the communication comes from the government. The scammers want your personal information so they can use it to obtain credit in your name (identity theft). The scams can be via email (called “phishing”), fax, or telephone. Recent scams include:
- Making work pay refund
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Tax Glossary
Carryforward
A tax technique of applying a loss or credit from a current year to a later year. For example, a business net operating loss may be carried forward 20 years instead of being carried back.
