Coronavirus stimulus check scams are out to swindle you:
Do not give out your PayPal account information, Social Security number, bank account number or anything else if someone claims such information is essential to sign you up for a stimulus check relating to the coronavirus pandemic. It’s not. It’s a scam.
The April 15, 2020 tax filing deadline is postponed to July 15, 2020. No late filing penalty will be applied and interest will stop accruing between April 15th and July 15, 2020.
Taxpayers needing an additional extension to October 15, 2020, can file an automatic extension request by July 15, 2020, using Form 4868 for individuals and Form 7004 for businesses (including trusts), and must pay any extension amount due at that time to avoid the imposition of interest and penalties starting July 16, 2020
- Taxpayers that scheduled a payment with their tax return (authorizing an electronic funds withdrawal) may cancel their payment by calling (888) 353-4537. Cancellation requests must be made no later than 11:59 p.m. ET two business days prior to the scheduled payment date. See FAQ 14 for instructions to cancel other types of scheduled payments; and
- Deadlines for contributions to IRAs, employer retirement plans, health savings accounts, and Archer medical savings accounts are extended to July 15, 2020.
Taxpayers should also be on the lookout for new version of Social Security Number scams.
Taxpayers should be on the lookout for new variations of tax-related scams. In the latest twist on a scam related to Social Security numbers, scammers claim to be able to suspend or cancel the victim’s SSN. It’s yet another attempt by con artists to frighten people into returning ‘robocall’ voicemails.
Scammers may mention overdue taxes in addition to threatening to cancel the person’s SSN. If taxpayers receive a call threatening to suspend their SSN for an unpaid tax bill, they should just hang up.