As more personal information continues to be stored online, the risk of identity theft also increases. The Bureau of Justice reports that millions U.S. residents experience identity theft each year. If someone uses your personal data pretending to be you
Identity theft tax refund fraud in the United StatesHultgren, AndrewHasseldine, JohnNash, JonathaneJournal of Tax Research
Social Security identity theft can lead to numerous tax problems and financial issues for innocent citizens. For starters, if someone else files a tax return using your number, that person can receive the refund that belongs to you. Additionally, if someone gets a job using you...
File ASAP:File your tax return as soon as you have all the information to do so to get your rightful refund before a thief claims a fraudulent one. E-filing allows you to submit quicker, ironically, which gives you a bit of an advantage. And if youpay taxes online, it allows you to...
Dee Platt found out the hard way that the IRS is slow to admit its mistakes, even when the evidence is overwhelming that identity theft and not tax fraud is what's at work. Platt--who knew that her identity had been stolen--was awaiting a refund check. It never came. When she notifi...
About 1.6 million Americans were victims of ID theft/tax refund crimes this year through June, up from 1.2 million taxpayers in all of 2012, the Treasury Inspector General for Tax Administration (TIGTA) said in a report. "Identity theft is a growing epidemic," said J. Russell George, TIGT...
If you become the victim of tax identity theft, you won’t be able to file your taxes and could have to waitupwards of 22 monthsfor the situation to be resolved. Even worse, if scammers have enough of your stolen personal information to file for a fraudulent refund, they could target ...
1. Tax Refund Fraud Tax-related identity theftoccurs when criminals steal people’s Social Security numbers and then file false tax returns as though they were those people. The crooks typically claim a low income with high deductions, and they usually file electronically. Then when you go to ...
The truth of the matter is that tax seasons are also a season of tax refund identity theft. This means that as taxpayers file their tax returns during the tax season, identity thieves are also working to commit fraud. This post will show you how to protect your tax data and securely ...
Tax Return Identity Theft Iwrote aboutthis sort of thing in 2006 in the UK, but it’s evenbigger business here: The criminals, some of them former drug dealers, outwit the Internal Revenue Service by filing a return before the legitimate taxpayer files. Then the criminals receive the refund...