
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.
- 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.
- 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.
- 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.
- 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.