Beware of Asset Forfeiture Threats

Asset forfeiture threats are a deceptive tactic used by scammers to frighten taxpayers into making immediate payments for fabricated tax debts. These scams exploit fear and urgency to manipulate victims into complying with fraudulent demands. Understanding how these scams operate is crucial for protecting yourself from financial loss and identity theft.

Threat Type
This scam involves fraudsters impersonating IRS officials and threatening to seize assets unless immediate payment is made for alleged tax debts.

Communication Method
Scammers typically contact victims through unexpected phone calls, emails, or text messages. They may also use official-looking letters sent via postal mail to appear more legitimate.

Demands or Actions Requested
Victims are pressured to make immediate payments to avoid asset seizure. Scammers may also request personal information to “verify” the victim’s identity.

Red Flags

• Unexpected communications claiming to be from the IRS
• Threats of immediate asset seizure without prior notice
• Demands for payment through unconventional methods like gift cards or wire transfers
• High-pressure tactics and threats of legal action

Scammer Claims
Fraudsters assert that the victim owes back taxes and that their assets will be seized immediately if payment is not made. They may claim that a lien has already been placed on the victim’s property.

Psychological Manipulation Tactics
Asset forfeiture threats exploit fear and create a sense of urgency, pressuring victims to act quickly without verifying the legitimacy of the claims.

Target Audience
While anyone can be targeted, these scams often focus on property owners, business owners, and individuals with significant assets.

How to Verify Legitimacy
The IRS initiates most contacts through regular mail delivered by the United States Postal Service. If you receive a suspicious communication threatening asset forfeiture, contact the IRS directly at 1-800-829-1040 to verify your tax status.

What to Do if Targeted

• Do not provide personal information or make payments
• Hang up immediately if you suspect a scam call
• Report the incident to the Treasury Inspector General for Tax Administration (TIGTA)

Report asset forfeiture threats to:

• TIGTA at 1-800-366-4484 or www.tigta.gov
• The Federal Trade Commission at ftc.gov/complaint

Preventive Measures

• Be skeptical of unsolicited communications claiming to be from the IRS
• Verify all tax-related claims through official IRS channels before taking any action
• Keep your personal and financial information secure

Remember, the IRS will never demand immediate payment without first mailing you a bill, nor will they threaten to involve law enforcement for non-payment. By staying informed about asset forfeiture threats and following these guidelines, you can protect yourself from these deceptive tactics.