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So you have to definitely verify things like that, he said.

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Thats usually a sign that theyre trying to get you not to think about it too much.

Is this person areputable financial source?

If you cant verify their expertise or legitimacy, you probably shouldnt be following their advice, either.

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He even recommended checking online forums dedicated to the topic, particularly reputable ones.

Has this led tofinancial horror storiesfor people who have tried it out?

Dont Engage In Tax Scams

Another financial hack that needs extra scrutiny is tax scams.

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While there are definitely cases where some bigger write-offs are legitimate, a lot of times its overblown.

Its oversimplified and you could get in real trouble for these, he explained.

Its often sold alongside catastrophic language abouteconomic crashes and warson the horizon, Brannon said.

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Arecent social media hacktargeted at Chase Bank users was spread online and essentially advocated fraud.

What happens is it takes a little bit of time for Chase to verify that the check is legitimate.