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Payroll Today

What government shutdown? If it’s W-2 time, it’s scam time, too

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Alice Gilman

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in Payroll Today

As of Jan. 8, 2019, about 25% of the federal government, including most functions of the IRS and the Federal Trade Commission, is closed. If you think this will stop scammers, think again. Scammers will jump into this vacuum, because the IRS and the FTC are the two principal federal agencies that handle identity theft.

Now that it’s W-2 time, you should anticipate that someone somewhere is trying to get your data. Let’s take a look at how the tax scam landscape is shaping up this W-2 filing season.

Old scams in new clothes

The IRS has pretty much nailed the W-2 spear phishing ploy, where scammers impersonate a CEO, CFO or some other executive with “Chief” in their title and ask for employees’ W-2 data to be emailed to them.

You know enough about this one by now to not respond and to alert your C-suite that any requests for this data must be made in person. If that’s not possible, requests must be made in writ...(register to read more)

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