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Common Targets for Scams

As we grow older, it is important to educate ourselves on financial dangers in the world. One group, in particular, that is susceptible to financial shams are the elderly.

What can you do? Firstly, educate yourself, as well as your friends and family on the topic. Some common shams include charity-scams, lottery-scams, telemarketing-scams, etc.

Who Could be Affected?

You may be thinking, why should I care? One in ten victims of financial abuse will turn to Medicaid for support. As we know, Medicaid is a state and federal program which the people pay into. As more people fall victim to financial shams, programs like Medicaid will become scarce if the resources they are able to provide.

When the IRS is Really the IRS?

As filing season begins, e-mail scams are on the rise according to Jeff Stimpson’s article. Scammers can use many cloaks. Most commonly, scammers use tricks like claiming to be the IRS or interested clients in your business to get sensitive information. Always remember the IRS will never call you personally, their choice of communication is usually through the postal service. Individuals are not the only ones at risk. Here at Andrews Tax Accounting, we have received mysterious phone calls from individuals claiming to be corporations like Google.

Also, Stimpson provides a bar graph which shows the most common days for email scams.

If you want to learn more about financial scams follow the link!

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