Protect Yourself from Tax Fraud
Tax identity theft is a type of identity theft that occurs when someone uses your personal information to file a fraudulent tax return and claim a refund. It can have serious consequences, including delays in receiving legitimate refunds, penalties for underpayment, and damage to your credit score. In this article, we’ll explain how tax identity theft occurs, how to spot the warning signs, and what you can do to protect yourself from Tax Fraud How Tax Identity Theft Occurs Tax identity theft can occur in a number of ways. For example: Phishing scams: Scammers request personal information such as Social Security numbers or bank account details through emails or phone calls that appear to be from the IRS. Data breaches: Hackers steal personal information from large companies or government agencies and sell it on the black market for tax identity theft purposes. Stolen mail: Criminals steal mail that contains personal information, […]