Tax scams, unfortunately, disproportionately affect the elderly, and can expose people to a number of different financial risks going forward. Around tax season these scams tend to increase, and could expose you to serious financial problems.

Being aware of telephone tax scams is on the of the most important steps to take to decrease your chances of being affected. Unfortunately many people are receiving a common tax scam that appears to come in the form of a phone call from the IRS mandating that payment must be made immediately or criminal prosecution will be pursued.

These phone calls tend to threaten criminal prosecution, lawsuits, and police arrest, however the IRS typically communicates with consumers directly through the mail and letters that come on IRS letterhead. A phone call demanding immediate payment could be a sign of a telephone tax scam.

And they should contact an affected person to schedule a consultation or to contact the IRS directly. Being aware of telephone tax scams is one of the best ways to protect your assets that you have worked so hard to accumulate over your life from being decimated by a fraudulent scheme.

When protecting your assets, you must have both an eye towards the future and a plan to address scams or fraudulent schemes in the present. Discuss your options with an estate planning lawyer in MA today to learn more.

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