Identity theft is rising globally. If you’re affected, someone may be using your personal and financial data without your consent.
This can include applying for credit cards or withdrawing money. Identity theft can also affect your taxes.
Criminals will likely use your Social Security number and other personal details for illegal purposes if they obtain them.
One common example is filing a fraudulent tax return using your Social Security number and personal data to pocket the money that would normally be returned to you.
This can have other ramifications that are hard to sort out. As tax identity theft has become more common, the IRS has taken steps to help victims.
While the IRS may spot Social Security fraud, you can also protect yourself.
spotting signs
We need to be more vigilant about cybercrime now that so many of us are online and e-file our taxes.
If the IRS rejects your electronically filed tax return because someone else used your name and SSN, you may be a victim of tax identity theft.
Even if you file your tax return by mail, the IRS may tell you it already has one in your name. Unfortunately, this means criminals used your name and SSN to get a tax refund.
Every year, people are caught answering emails or phone calls with sensitive information. Phishing emails that appear to be from a legitimate source are frequently sent by criminals.
Even if it comes from a reliable source, phishing emails include telltale signals that they’re false. It’s preferable not to react until you’ve done your homework rather than providing information immediately and afterwards regretting it.
A phishing email that claims to be from your bank is standard. They often expect you to click a link in the message and provide your name, address, account number, and Social Security number.
While anyone can be a victim of tax-related identity theft, there are ways to reduce the risk. Most of these measures involve common sense to protect your information. Don’t share your Social Security number, address, birth date, or other personal information unless necessary.
People still get caught every year by responding to emails and phone calls with personal information. Criminals often send phishing emails that appear to be from a legitimate source.
This may come from a source you trust, but phishing emails have telltale signs they’re fake. It’s better not to respond before making detailed checks than to provide information quickly and regret it later.
A classic phishing email pretends to be from your bank. In many cases, they hope you’ll click a link in the message and give your name, address, account number, and Social Security number.
However, banks and other institutions will never ask you to do this, so delete these emails right away.
Security
Read more:-
- Uzaki-chan Wants to Hang Out! Season 2 Release Date: Where Can I Watch It?
- Demon Slayer Season 3 Release Date: Who Are the New Monsters and Characters in It?
- Government Scams Continue, BBB Warns
IP PINs can help protect your tax affairs, especially if your account has been compromised before. The IRS offers this option to reduce tax-related identity theft.
The IP PIN is a six-digit number assigned to you by the IRS to file your annual income tax return. To get one, create an IRS.gov account.
