Beware of tax credit offer in your mailbox

 

screen capture of IRS form

Submitted image.

Iowa State employees or campus units receiving a notice about a tax refund credit (above image) should not respond and instead route the information to the university's tax office.

Bonnie Whalen, associate vice president for financial planning and analysis, said most notices are sent by mail -- though individuals may receive an email or phone call -- and look like legitimate IRS documents for Employee Retention Credit claims.

In response to issues nationally, the IRS put a moratorium on any new applicants to allow time to develop safeguards to prevent future abuse. Whalen said it's not clear how widespread the notices may be on campus, but wants employees to be aware of this potential scam.

If you receive a notice, Whalen asks that you send it through campus mail to 2423 Administrative Services Building or forward emails to taxoffice@iastate.edu.