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Fake CEO phishing tax scam is back

January 29, 2017

Remember that tax scam last spring where crooks posing as company executives sent emails asking for workers' payroll data?

It was the one that fooled lots of folks, including a Milwaukee Bucks employee who thought that the message really did come from the NBA franchise's president. That chagrined Bucks' staffer sent the phishing crook 2015 tax year data on the team's employees, including his rank-and-file colleagues and highly-paid professional basketball players.

Irs-tax-scam-alert

Well, that tax scam is back.

Email spoofs company CEO: The Internal Revenue Service says the email scam is now making its way across the nation for a second time. Once the crooks get the data, they then file fraudulent tax returns seeking refunds.

This type of phishing is known as a spoofing e-mail. In this instance, it contains the actual name of a company's chief executive officer or other top corporate official in an attempt to prompt employees, eager to do what the big boss asks, to send back workers' personal financial data.

The IRS says the emails are likely to ask scam targets such things as:

  • Kindly send me the individual 2016 W-2 (PDF) and earnings summary of all W-2 of our company staff for a quick review.
  • Can you send me the updated list of employees with full details (Name, Social Security Number, Date of Birth, Home Address, Salary)?
  • I want you to send me the list of W-2 copy of employees wage and tax statement for 2016, I need them in PDF file type, you can send it as an attachment. Kindly prepare the lists and email them to me ASAP.

In light of the scam's resurgence, the IRS urges company payroll officials to double check any executive-level or unusual requests for lists of W-2 forms or Social Security numbers.

Other scams out there, too: The IRS and its Security Summit partners also remind all taxpayers that this is just one of myriad tax scams that are or will appear this filing season.

While the IRS, state tax officials and the tax industry have made significant progress in slowing tax-related identity theft, cyber-criminals are using more sophisticated tactics to try to steal even more data that will allow them to impersonate taxpayers.

The bottom line, this filing season and year round, is to be careful out there. And be especially suspicious of any effort from any source and by any method to get personal and financial information from you.

You also might find these items of interest:

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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