|Minimum Opening Deposit||1,000.00|
|Annual Percentage Yield||0.50%|
|Annual Percentage Yield is effective as of February 10, 2016.|
|Rates are subject to change. A penalty may be imposed for early withdrawal.|
Tax season is upon us, and that means tax scams are as well. While fraudulent activity is its highest around the April 15th filing deadline, you can be vulnerable to scams throughout the year. South Georgia Banking Company wants to give you the tools and information to avoid tax scams by telling you how to identify legitimate programs and how to avoid illegal ones. The Internal Revenue Service (IRS) publishes a "Dirty Dozen" tax scams each year which covers topics that range from identity theft through tax fraud. We will go over those very scams in this article.
By definition, a tax scam can be a simple hoax used to take money from an individual, or a very complicated scheme that aims to intentionally defraud the victim. Since these illegal activities use federal income taxes as their "lead in" to attract the unsuspecting client, they are referred to as tax scams.
The list of tax scams we have compiled is the IRS' "Dirty Dozen" Tax Schemes to avoid. If you feel you may have fallen victim to any of these, contact the IRS (https://www.irs.gov/Help-&-Resources) directly and call South Georgia Banking Company as well - we are here to help our customers in any way.
Beware of these scams to watch out for as April 15th approaches. Click here to read more.