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A taxpayer’s guide to identity theft and how to prevent it

New IdentityTheft Scam

Tax identity theft happens when an identity thief manages to get hold of your personal details, along with your Social Security number, and subsequently files a forged tax return. Often, this will happen early on in the tax season and in many cases this occurs before the victim files their own official return. Before the victim realises the identity thief will have made off with their tax refund, leaving them out of pocket financially and in emotional turmoil as a result.

The situation has been exacerbated with the introduction of e-filing alongside the traditional paper filing procedure. Identity thieves can produce additional fake information to support their digital claims too and the ability to submit forms digitally means they are out of sight and better able to avoid being captured. However, help is at hand if, to start with, you invest in an identity theft software package.

Source: on 2021-04-23 18:07:19

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