Tax identity theft is on the rise, and it can be a serious problem for individuals and businesses alike. In this article, we will discuss some of the best ways to protect yourself from tax identity theft. We will also talk about what to do if you are a victim of this type of crime.
Tax season is a prime time for criminals to try and steal your personal information, so make sure you are prepared!
What To Do If You Are a Victim
Tax identity theft is a type of crime where someone steals your personal information in order to file a fake tax return in your name. This can result in the thief receiving a refund in your name, as well as causing major headaches for you when you try to file your legitimate return.
If you think you may have been a victim of tax identity theft, there are a few steps you can take to protect yourself. First, you should contact the IRS immediately and report what happened. You can do this by visiting irs.gov/identitytheft or by calling 1-800-908-4490.
You should also file a police report and keep a copy for your records. You’ll also want to contact any financial institutions or credit agencies where the thief may have attempted to open accounts in your name. Finally, be sure to monitor your credit reports and bank statements closely for any other signs of fraud.
Tips for Staying Safe
Tax identity theft and tax fraud are major concerns during tax season. When it comes to these crimes, it is important to keep your information as secure as possible. Here are a few tips for staying safe:
- Make sure your computer is secure. Install anti-virus software and keep it up to date.
- Keep your personal information confidential. Don’t share your Social Security number or other sensitive information with anyone unless you absolutely have to.
- File your taxes electronically. This will help protect your information and ensure that your tax return is processed quickly.
- Be careful when opening emails from unknown senders. Many phishing scams occur during tax season, so be cautious about any emails that seem suspicious.
- Make sure you are using a secure internet connection when filing your taxes. Avoid using public Wi-Fi networks, as they are often not secure.
- Use strong passwords and change them regularly. This will help make it more difficult for hackers to gain access to your information.
- Keep track of all of your financial documents and shred any that contain personal information once they are no longer needed. This will help reduce the risk of someone stealing your identity.
Tax identity theft is a serious problem, and it can be difficult to recover from. However, by following the tips we have provided in this article, you can make it much more difficult for criminals to steal your personal information. Remember to stay vigilant during tax season and take steps to protect yourself from fraud.
Be sure to contact us if you have any questions regarding this or any other tax matters. We’d be happy to help! We also provide comprehensive, personalized identity theft restoration and recovery services to all of our tax preparation clients at no charge!