Tax-related identity theft has been on the rise every year and is expected to continue to rise. The good news is that the IRS has implemented numerous fail-safes over recent years to assist in detecting fraudulent activity. Unfortunately, these will not deter or slow down identity thieves from continuing to try claim your tax refund as record numbers of fraudulent tax filings are expected this tax season.
The following is a quick summary of what you should if you’re the victim of tax-related identity theft:
Remember that the speed of your response is of utmost importance and can make a major difference in the outcome of your case.
For additional information on the measures being taken by the IRS, state tax agencies, and private-sector industries, refer to the Security Summit Partners Update Identity Theft Initiatives for 2017 and for information regarding the 2016 filing season refer to IRS, States and Industry Partners Provide Update on Collaborative Fight Against Tax-Related Identity Theft.