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Even though economic impact payments are brand new in 2020, scammers are already using the new terminology to trick people into giving up their money or their financial information. Here are some tips from IRS on avoiding these schemes:

  • IRS will not call you to verify payment information for the economic impact payment.
  • Retirees do not need to do anything to get these economic impact payments- no additional actions are required.
  • Be wary of anyone suggesting they can get a refund or payment for you faster. There is no fast track option for payments.
  • If you receive a check that is not cashable, it may be a fake to trick you into calling them or giving them information online.
  • Do not open unsolicited e-mails from IRS.
  • In general, avoid giving out your personal information over the phone or internet, and do not interact with scammers.
  • You can report scammers at https://www.irs.gov/privacy-disclosure/report-phishing
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Clergy Financial Resources serves as a resource for clients to help analyze the complexity of clergy tax law, church payroll & HR issues. Our professionals are committed to helping clients stay informed about tax news, developments and trends in various specialty areas.

This article is intended to provide readers with guidance in tax matters. The article does not constitute, and should not be treated as professional advice regarding the use of any particular tax technique. Every effort has been made to assure the accuracy of the information. Clergy Financial Resources and the author do not assume responsibility for any individual’s reliance upon the information provided in the article. Readers should independently verify all information before applying it to a particular fact situation, and should independently determine the impact of any particular tax planning technique. If you are seeking legal advice, you are encouraged to consult an attorney.

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Maple Grove, MN 55369

Tel: (888) 421-0101 
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