Bloomberg Tax
April 2, 2020, 7:24 PM UTCUpdated: April 2, 2020, 8:38 PM UTC

Stimulus Checks May Create ‘Feeding Frenzy’ for Scammers (1)

David Hood
David Hood
Reporter

There’s another risk to consider while the new coronavirus spreads through U.S. communities: scammers looking to snatch stimulus checks from people who qualify—and may need them the most.

The IRS is already warning bad actors may target the checks using old tricks to steal tax refunds, and posing as agency employees. The checks, which could total $2,400 for couples that make $150,000 or less, are a pillar of the government’s virus response (Public Law 116-136) and any scams would be damaging to individuals and families at an already stressful time, former top agency officials said.

John Koskinen, ...

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