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How to protect yourself from tax identity theft

New IdentityTheft Scam

Identity theft is an increasingly common problem around the globe. If you’re affected it can mean someone else might be using your personal and financial data, without your permission, for their own motives. This can frequently involve applying for credit cards or removing funds from your bank account. However, another area where identity theft can happen is in relation to your tax affairs.

If criminals gain access to your Social Security number and other personal details it’s likely they’ll use the information for unscrupulous reasons. One of the most common examples of this is by filing a fraudulent tax return, which uses your Social Security number and associated personal data to file a fake return and subsequently pocket the money that would normally be returned to you.

Source: on 2021-04-20 03:41:15

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