Finally! Some of those overseas scammers who work overtime trying to get your money are getting what they deserve...

Read more: Warning: There's a new IRS scam coming to your mailbox

Indian scammers finally arrested

Just days ago, we told you about a bogus letter purporting to be from the IRS that's hitting physical mailboxes around the country. You know the drill: You're told you owe something you don't and that you have to pay up right now. 

As disappointing as it is that these scams keeping morphing, here's a counterbalance: Some 70 alleged phone scammers have been arrested in India on suspicion of posing as IRS agents and calling U.S. taxpayers to scam them out of money. 

CNNMoney reports that in addition to the 70 who were taken in custody, there's another 630 people in the western Indian city of Thane currently being investigated on suspicion of involvement.

Local police say employees at nine call centers stand accused of impersonating IRS agents during calls and threatening arrest if you didn't pay your "back taxes."

Maybe you heard personally from one of these callers. They certainly did a brisk business for the past year taking advantage of hard-working Americans; reports say they raked in up to $150,000 a day from unsuspecting taxpayers.

Here's how the IRS phone scam works

The scammers typically use phone spoofing to make their number come up as "IRS." They also have the last four digits of your Social Security number, so that lends them an additional air of legitimacy.

Here are some of their tactics and claims to watch out for:

  • They use common names and fake IRS badge numbers.
  • They send bogus IRS e-mails to support their scam.
  • They call a second time claiming to be the police or department of motor vehicles, and the caller ID again supports their claim.

Typically, you're told to submit payment either by wire or by prepaid debit card. But don't fall for it!

Know this: The IRS will not contact you by phone asking for money. They only contact you by snail mail if they want to get in touch with you. So if you get one of these calls, hang up the phone!

New app alerts you when a scammer is calling