TAXES METHOD (STEP-BY-STEP)

In recent years, fraudsters have increasingly turned to exploiting the vulnerabilities of young individuals—typically those aged 18—to file fraudulent tax refunds. Because first-time filers often face minimal ID verification and have no prior tax filing history (no PIN or prior AGI), they become attractive targets for scammers. In this post, we break down how these schemes are perpetrated and discuss what fraud prevention professionals, tax authorities, and financial institutions can do to protect potential victims.