CTSFW shallow

Bequest

A charitable bequest is one of the easiest ways you can leave a lasting impact on Concordia Theological Seminary.

Thank you for your support of Concordia Theological Seminary and our mission to form servants in Jesus Christ who teach the faithful, reach the lost, and care for all. Unless you indicate otherwise, your gift will automatically be used wherever it's most needed to help train pastors and deaconesses for service in Christ's Church. You may designate your gift to student financial aid or to a specific area of interest by selecting "Other Gift" and providing a description of the area to which you would like your gift directed.

Text Resize
Print
Email
Subsribe to RSS Feed

Thursday September 21, 2017

Washington News

Washington Hotline

'Don't Take the Bait' W-2 Scam

In IR-2017-130, the Service continued a summer series of warnings about tax scammers. In this latest scam, a business or nonprofit is targeted in an effort to obtain its employees' Forms W-2.

In this scam, the fraudster claims to be an officer of the business or nonprofit. He or she sends an email to a financial or human resources employee. The fraudster tries to trick the employee into sending him or her a list of all employee W-2 forms.

With the W-2 forms, the fraudster is able to file tax returns with exact income numbers and request improper refunds. Because the income numbers are correct, it is more difficult for the IRS to discover the fraud.

IRS Commissioner John Koskinen stated, "These are incredibly tricky schemes that can be devastating to a tax professional or business. Cybercriminals target people with access to sensitive information, and they cleverly disguise their efforts through an official-looking email."

The W-2 scam has targeted businesses, public schools, universities and other nonprofits.

All businesses and nonprofits should take steps to protect Forms W-2. If a finance or human relations employee is asked for W-2 information, a good policy is to have the employee call the person requesting information and confirm the reason for the request.

The IRS has a special email address for reporting theft of Form W-2 information. The IRS email address is dataloss@irs.gov. Use "W-2 Scam" in the email subject line.

Published August 18, 2017
Print
Email
Subsribe to RSS Feed

Previous Articles

Sen. Hatch and Rep. Neal Discuss Tax Reform

IRS Suggests Defenses Against Ransomware

Personal Identity Theft Down, Business Up

Senate Pivots to Tax Reform

IRS Launches "Don't Take the Bait" Campaign

scriptsknown