Warning: Tax Refund Scams on the Rise - Paul Oster #6261

The discussion focused on the urgency of preparing for the upcoming tax deadline and the increasing threat of tax fraud. Paul Oster explained various tactics used by scammers, such as smishing and phishing, and recommended measures like creating an identity protection PIN and setting up an online IRS account to safeguard personal information. He also addressed the implications of tax liens, encouraging individuals to confront these issues proactively, especially since the IRS is currently more lenient in accepting offers in compromise. The conversation highlighted the importance of awareness regarding scams, including a recent E-ZPass scam that targets individuals with misleading messages about account issues. Kerry Lutz and Paul Oster also examined the inefficiencies in government spending and the need for accountability in light of recent criticisms. They discussed the lack of transparency in taxpayer money allocation, particularly to wealthy private universities, and called for the establishment of efficiency departments to oversee large expenditures. The speakers advocated for reducing government spending and increasing tariffs to combat inflation, referencing the EU's recent decision to lower vehicle import duties as a positive example. They concluded by proposing a national sales tax as a more efficient alternative to income tax, emphasizing the potential for tax cuts without sacrificing essential programs if wasteful spending is addressed. Find Paul here: https://www.betterqualified.com Find Kerry here: http://financialsurvivalnetwork.com/ and here: https://inflation.cafe This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit khlfsn.substack.com/subscribe