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:

advertisement
Tax Glossary

Passive activity loss rules

Rules that limit the deduction of losses from passive activities to income from other passive activities. Passive activities include investment rental operations or businesses in which you do not materially participate.

More terms