ICFE eNEWS #18-07 - March 16th 2018
FTC releases annual report on consumer complaints
By Barbara S. Mishkin on March 1, 2018
POSTED IN FEDERAL
CFS MONITOR, FTC
IRS Phone Scam: I received a phone voice mail from the IRS
this morning (supposedly), informing me about some "deficiency
concerning tax fraud." I was instructed to call a Federal Agent
at a given number. If I did not, it would be regarded as a
denial of a Second Attempt to contact me. I recognized this as
phone scam and felt it wise to alert you to phone scams you may
Today's scams come in "all shapes and sizes" and
have been perfected to a skilled art. But rather than tell you
about each different scam, let me simply tell you HOW THE IRS
WILL NEVER CONTACT YOU.
The IRS will never:
• The IRS will never initiate contact
with taxpayers by email, text messages or social media channels
to request personal or financial information.
• The IRS will
never call to demand immediate payment, nor will the agency call
about taxes owed without first having mailed you a bill.
The IRS will never demand that you pay taxes without giving you
the opportunity to question or appeal the amount they say you
• The IRS will never require you to use a specific
payment method for your taxes, such as a prepaid debit card.
• The IRS will never ask for credit or debit card numbers over
• The IRS will never threaten to bring in local
police or other law-enforcement groups to have you arrested for
If you receive a phone call like this,
immediately hang up.
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Also, visit the ICFE's new Web site: StudentDebtHelp.org
Paul S. Richard
President - Executive Director
Institute of Consumer Financial Education (ICFE)
About the ICFE:
The Institute of Consumer Financial Education (ICFE) was founded in 1982 by the late Loren Dunton (creator of the Certified Financial Planner (CFP) designation). The ICFE is dedicated to helping consumers of all ages to improve their spending, increase savings and use credit more wisely.
The ICFE is an award winning, nonprofit, consumer education organization that has helped millions of people through its education programs and Resources. It publishes the Do-It-Yourself Credit File correction Guide, which is updated annually. The ICFE has distributed over one million Credit/Debit Card Warning Labels and Credit/Debit Card Sleeves world wide.
The ICFE became an official partner with the Department of Defense/Financial Readiness Campaign in June of 2004.The ICFE was an active partner in the California Student Debt Resource Awareness Project (CASDRAP) which resulted in a new web site: (studentdebthelp.org). CASDRAP disbanded in 2010, shortly after the web site project was completed. In 2011 the ICFE assumed the single sponsorship of the (studentdebthelp.org) web site and is now responsible for its content and operation.
The ICFE is also an on-line help for consumers who spend too much. ICFE's spending help was featured in PARADE Magazine in the Intelligence Report section. The money helps and tips are from the ICFE's Money Instruction Book, our course in personal finance.
Visit the ICFE's other web sites at: www.financial-education-icfe.org and studentdebthelp.org. Both sites helps consumers and students with mending spending, learning about the proper use of credit, budget and expense guidelines, how to set up and implement a spending-plan and also how to access financial education courses and how to teach children about money. Other ICFE services include: Ask Mr. G, a free eNews, and an online resource center for students, parents and educators, plus financial education learning tools and a book store.