As we enter tax-filing season, it pays to be aware of the signs that point to possible tax identity theft.
How It Works:
Tax identity theft occurs when someone steals your Social Security number to file a fraudulent tax refund or to get a job.
What You Should Know:
If the IRS receives a duplicate tax return filing using your Social Security number, you will receive a written notice through the mail.
Likewise, the IRS will send a notice if you have unreported income or that you and someone else are claiming the same dependents.
The IRS will not initiate contact with you by e-mail, text or social media.
To Reduce Your Risk Of Being Victimized By Tax Identity Theft:
Submit your tax return as early in the tax season as possible.
Be careful what you share – don’t give out your personal information unless you know who is asking and why, and don’t be shy about refusing.
Dispose of sensitive information safely – shred it with a micro-cut shredder.
Know your tax preparer.
Check the status of your refund after filing at www.irs.gov/refunds. If you think someone filed a fraudulent refund with your information, call the IRS Identity Theft line at 800-908-4490. To learn more, visit www.ftc.gov/taxidtheft.