The IRS this week laid out the top 12 scams taxpayers should watch out for in 2021, with a heavy focus on COVID-19 relief schemes.

The IRS grouped the scams into four categories this year, including those related to the pandemic and personal information, those focused on unsuspecting victims, and scams that force taxpayers into “unscrupulous actions.”

Falling victim to these schemes is often costly. One study found that in 2020 consumers lost $56 billion to fraud.

Here’s a look at the full list:

Economic impact payment theft

The IRS has noted an uptick in attempts to steal direct payments made to households during the pandemic. It has warned taxpayers to be suspicious of – and delete without opening – any text messages, random phone calls or emails inquiring about bank account information or requesting recipients to click a link or verify data.

Fraudulent…

Read full article at www.foxbusiness.com

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