Don’t Let Scammers Ruin Holiday Gift-Giving: Protect Yourself from Gift Card Scams
The holiday season is a time for joy, generosity, and celebration. However, it’s also a prime opportunity for scammers to take advantage of unsuspecting individuals. One common scam that spikes during the holidays involves gift cards—a convenient and popular gift choice. It’s crucial to stay vigilant and recognize the warning signs of fraud to protect yourself and your loved ones.
The Holiday Gift Card Scam: How It Works
Gift card scams often involve criminals impersonating government officials, debt collectors, or even IRS agents. These scammers may send official-looking messages or make alarming phone calls, claiming you owe a debt or are under investigation. To resolve the issue, they demand payment in the form of gift cards.
Here’s how the scam typically unfolds:
- The scammer directs the victim to purchase gift cards from various stores to avoid suspicion.
- Once the cards are purchased, the scammer asks for the gift card numbers and PINs, enabling them to quickly drain the funds.
Scammers also use other tactics, such as sending fake emails from seemingly legitimate companies or threatening legal action if payment isn’t made immediately.
Red Flags: How to Identify IRS Scams
Remember, the IRS never demands payment through gift cards or similar methods. Here’s what the IRS won’t do:
- Call or email to demand immediate payment using specific methods like gift cards or wire transfers.
- Threaten taxpayers with police action, arrest, or license revocation.
- Refuse taxpayers the right to appeal or question the amount owed.
Legitimate IRS communications typically come through the mail, giving you time to review and respond.
Steps to Protect Yourself
If you suspect you’re being targeted by a scam:
- Stay calm. Scammers often use fear and urgency to pressure victims.
- Verify the source. Contact the IRS directly at their official number if you receive a suspicious call or email.
- Don’t share gift card information. Never provide gift card numbers or PINs to anyone claiming they need them for payment.
- Report the scam. Contact the Treasury Inspector General for Tax Administration (TIGTA) via the IRS Impersonation Scam Reporting webpage or call 800-366-4484. You can also report the scam to the Federal Trade Commission or your state attorney general.
Stay Informed and Safe This Holiday Season
Knowledge is the best defense against scams. Share this information with friends and family to help them avoid falling victim to fraud. Let’s keep the holidays festive and scam-free by staying alert and informed.
