5 Stimulus Scams You Need to Watch Out For Right Now

The world is so crazy right now, people are desperate, and they need cash fast.

Unfortunately in times like these, terrible people come out of the woodwork to prey on innocent people like you and me in a time of desperation and confusion.

And there is a lot of confusion right now.  I’ve been studying this stimulus stuff, and there are still a lot of questions yet to be answered by Treasury and the IRS, such as, and this is just a sample:

  • Is the IRS still going to send out paper checks or does everybody have to sign up for direct deposit if their direct deposit information wasn’t on their tax return?
  • Or if I’m on Social Security or I’m disabled and don’t file a tax return because I don’t have to, what should I do?  I’m getting mixed messages.  The bill said they would use Social Security Administration information, but the IRS came out this week and said you’ll have to file a simple tax return, but they didn’t tell us how to do it.
  • Or child support.  We know that being past due on child support precludes you from receiving this stimulus payment.  OK so if one spouse is behind on child support from a previous marriage, and the other isn’t, and they otherwise qualify for the full $2,400 stimulus, do they not get any of it, or do they get $1,200 of it?  It appears based on some language in the bill that half of the stimulus payment for a joint return is attributed to Spouse A and the other to Spouse B, but what that means in this situation hasn’t been confirmed by the IRS

So many questions, so few answers, and I expect guidance to come out from the IRS in the near future on these issues.

But right now I want to talk about these terrible, terrible stimulus scams that have been going around so you won’t be caught off guard and those you love won’t be caught off guard.

1. The Costco Scam

Yesterday the FBI’s San Diego office tweeted that scammers are telling people, via text or otherwise, that they are getting a “$100 bounty from Costco” as part of the stimulus program and asking for more information.

And who among us would not want a $100 bounty from Costco?

Only problem of course is that this is a lie, a complete scam.

$100 Costco bounties were not written into the stimulus bill.

2. Fake Checks

Basically, if you receive a supposed stimulus check in the mail right now, it is fake.

At best, these stimulus payments aren’t going out for weeks, and it’s still not clear if the IRS will be sending out paper checks at all or if they’re going to make everybody submit their direct deposit information if it’s not already on file.

After all, the IRS said this week, “In the coming weeks, we plan to develop a web-based portal for individuals to provide their banking information to the IRS online, so that individuals can receive payments immediately as opposed to checks in the mail.”

So any check you receive now, in the first week of April, is guaranteed to be fake.

3. Fake Texts

Right now some scammers are sending out texts saying that if you send $50 or $100 or some other amount to the person or “agency” who sent the text, you can receive your stimulus checks within 24 hours.

This is another lie.

There are some other crazy texts floating around right now as well, including one announcing that Trump approved over 22,000 iPhone 11s in the stimulus package and urging you to go to some website to claim yours.  I do not put the website here because I am sure that it is malicious.

4. Unscrupulous Accountants

So apparently some tax preparation services are contacting their clients telling them to pay them them, the tax preparer, money in order to have their stimulus check processed and printed.

This is horrible and gives upright wholesome accountants like me a bad name.

You don’t have to pay anyone to get your stimulus check, least of all some shady fly-by-night tax prep service.

5. Fake Social Media Messages

OK, so other scammers are sending messages or posting on social media with a link to an official-looking website asking you to enter your personal information or banking details to supposedly verify yourself and process your check, sometimes for a small “processing fee.”

This is bologna.  It is very easy to make a website these days; just because a website looks official or says treasury department or IRS or stimulus in the URL doesn’t mean it’s legitimate, and frankly, it’s probably not.

Here’s the truth.  As of today, the IRS has not yet released the web-based portal for individuals to provide their banking information to the IRS online, but the minute they do, I will be on here updating y’all and walking you through it, so be sure to subscribe.

Final Tips on Avoiding Stimulus Scams

So these are some of the most common stimulus scams, but as time goes by, I know that scammers will come up with others, so here are some tips for you to avoid stimulus scams:

  1. Remember that the IRS and other government agencies do not initiate communication directly with people directly through social media like Facebook.
  2. Remember that you don’t have to pay the IRS or any other government agency for this stimulus check, and there are no “processing fees.”
  3. Remember to always research the name of any organization or supposed agency that attempts to correspond with you regarding the stimulus check.  Google is your friend.  Google the return address on the envelope, Google the name of the party attempting to collect money from you, Google the phone number that called you, do your research, see what other people are saying about this, and you could save yourself from being scammed.

 

 

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  100. An intriguing discussion is worth comment. I believe that you ought to write more on this topic, it might not be a taboo subject but generally people don’t discuss such topics. To the next! Kind regards!!

  101. I believe what you postedwrotebelieve what you postedtypedthink what you postedtypedsaidbelieve what you postedwrotesaidWhat you postedtyped was very logicala bunch of sense. But, what about this?consider this, what if you were to write a killer headlinetitle?content?wrote a catchier title? I ain’t saying your content isn’t good.ain’t saying your content isn’t gooddon’t want to tell you how to run your blog, but what if you added a titlesomethingheadlinetitle that grabbed people’s attention?maybe get people’s attention?want more? I mean %BLOG_TITLE% is a little vanilla. You could peek at Yahoo’s home page and see how they createwrite news headlines to get viewers to click. You might add a video or a related picture or two to get readers interested about what you’ve written. Just my opinion, it might bring your postsblog a little livelier.

  102. Howdy! I know this is kinda off topic but I was wondering which blog platform are you using for this site? I’m getting tired of WordPress because I’ve had issues with hackers and I’m looking at options for another platform. I would be awesome if you could point me in the direction of a good platform.

  103. First off I want to say terrific blog! I had a quick question in which I’d like to ask if you don’t mind. I was curious to know how you center yourself and clear your mind before writing. I have had trouble clearing my mind in getting my thoughts out. I do enjoy writing but it just seems like the first 10 to 15 minutes are usually wasted just trying to figure out how to begin. Any ideas or tips? Thanks!

  104. Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.

  105. With havin so much content and articles do you ever run into any problems of plagorism or copyright violation? My website has a lot of exclusive content I’ve either created myself or outsourced but it looks like a lot of it is popping it up all over the web without my authorization. Do you know any methods to help stop content from being ripped off? I’d truly appreciate it.

  106. Hello just wanted to give you a quick heads up. The text in your content seem to be running off the screen in Chrome. I’m not sure if this is a format issue or something to do with web browser compatibility but I thought I’d post to let you know. The design and style look great though! Hope you get the problem resolved soon. Kudos

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  108. Howdy! I know this is kinda off topic however , I’d figured I’d ask. Would you be interested in exchanging links or maybe guest writing a blog article or vice-versa? My website addresses a lot of the same subjects as yours and I believe we could greatly benefit from each other. If you are interested feel free to send me an e-mail. I look forward to hearing from you! Wonderful blog by the way!

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  112. Wow, marvelous blog format! How lengthy have you ever been running a blog for? you make running a blog glance easy. The total glance of your website is great, as well as the content!

  113. Good day! Do you know if they make any plugins to assist with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good gains. If you know of any please share. Many thanks!

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  115. I was curious if you ever thought of changing the structure of your blog? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having one or two images. Maybe you could space it out better?

  116. This is the right blog for anyone who wants to find out about this topic. You realize so much its almost hard to argue with you (not that I actually would want…HaHa). You definitely put a new spin on a topic thats been written about for years. Great stuff, just great!

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