As the Internal Revenue Service warned tax professionals last month, malicious actors are currently attempting to hack into tax preparers’ networks to steal 2019 tax return information. If you are a professional tax preparer, you are a target – regardless of the size of your business....
Standard deductionsfor the 2022 tax year (the return you'll file in 2023) are $25,900 for married taxpayers filing joint returns, $12,950 for single filers, and $19,400 for those who qualify as head of household. The total of all your itemized deductions would have to exceed the amount...
Financial identity theft can lead to unauthorized withdrawals from your bank accounts, decreases in credit score, and the opening of new accounts in your name. IRS (internal revenue service) and tax identity theft scams often use your name to file a tax return in order to claim the tax refun...
You get a notification from the IRS that your child’s name or SSN has been used on another tax return or that your child owes income taxes. Your child is denied government benefits. You receive age-inappropriate junk mail addressed to your child. ...
This can lead to false claims on your insurance, higher premiums, and even denial of coverage. Tax identity theft: This occurs when someone uses your personal information to file a tax return in your name and claim a refund. This can leave you owing money to the IRS or state tax agency...
"What happens if you are a victim? If someone has claimed your tax refund before you?" 4 On Your Side Consumer Investigator Jodi Brooks asked. "Well, the IRS will work with you. Unfortunately, it doesn't happen overnight. It takes a little bit of time but the IRS will work with the...
The most common is stealing your personal data — like your SSN or W-2 — and filing a fake tax return on your behalf. They might also pose as tax preparers and steal your information instead of helping you. One recent tax scam to be aware of is the “IRS debt collector” fraud....
Do you really just have to write a letter “I am Jon Snow, working at The Wall, please send my tax return cheque to this address: …”? noble_serf•June 1, 2012 10:42 AM Bruce, In line with your thinking on security: Do you think the problem of individual criminals getting “hun...
Sometimes fraudsters use a Social Security number to file a tax return and steal your tax refund or tax credit. Warning signs: You may be unable to e-file because someone else has already filed under that Social Security number, you get an IRS notice or letter r...
electronic filing, anyone with access to your social security number and your W-2 form could file your tax return--and simply have the refund check mailed to a different address. Your W-2 could be intercepted in the mail, at the accounting and payroll company or even at your place of ...