Safeguarding Against Tax-Related Identity Theft

Tax-related identity theft is a growing concern, with fraudsters stealing personal information to file fraudulent tax returns. Protecting your information is crucial to prevent becoming a victim.

  1. Recognizing the Signs:
    • Unfamiliar Filings: Receiving an IRS notice about multiple tax returns filed in your name.
    • Unexpected Refunds or Bills: Notices about wages from an unknown employer or a refund you didn’t expect.
  2. Preventative Measures:
    • Secure Personal Information: Use strong, unique passwords and be cautious about sharing personal details.
    • Monitor Your Credit: Regularly check your credit reports for unusual activity.
    • File Early: File your tax return as soon as possible to reduce the risk of fraudsters filing before you.
  3. What to Do If You’re a Victim:
    • Report to the IRS: File Form 14039, Identity Theft Affidavit.
    • Contact Credit Bureaus: Place a fraud alert or freeze on your credit reports.
    • Monitor Accounts: Keep a close eye on your financial accounts for any suspicious activity.
  4. IRS Resources:
    • Identity Protection PIN (IP PIN): A six-digit PIN that adds an extra layer of protection for your tax return. Apply for an IP PIN through the IRS website.
    • IRS Identity Theft Hotline: Available for victims to report identity theft and receive assistance.

Protecting yourself from tax-related identity theft requires vigilance and proactive measures. By staying informed and taking the necessary precautions, you can safeguard your personal information and avoid the complications of identity theft.

http://taxpayersrightsinitiative.org.ng

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