San Francisco Tax Preparation / CPA: Warning: New COVID-Related Tax Scam

Filed in CCH NEWS FEED by on December 10, 2020

The IRS, state tax agencies and the tax industry have warned of a new text scam that tricks taxpayers into disclosing bank account information under the guise of receiving the $1,200 economic impact payment (EIP). The scam text message states: “You have received a direct deposit of $1,200 from COVID-19 TREAS FUND. Further action is required to accept this payment into your account. Continue here to accept this payment …” The text includes a link to a fake phishing web address.

“Criminals are relentlessly using COVID-19 and Economic Impact Payments as cover to try to trick taxpayers out of their money or identities,” said IRS Commissioner Chuck Rettig. “This scam is a new twist on those we’ve been seeing much of this year. We urge people to remain alert to these types of scams,” he added. Taxpayers should not expect texts from any agency asking for bank account information so that an EIP deposit may be made.

Taxpayers who receive this text scam should take a screen shot of the text message and include it in an email to with (1) date/time/timezone of the text message; (2) the number that appeared on their Caller ID; and (3) the number that received the text message.

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