While the IRS has had recent success combating tax return fraud, the responsibility to protect personal information begins with taxpayers. How not to become a victim.
Are you looking forward to a tax refund this year? How would you feel if the IRS told you that it had already paid out your refund to someone else?
"We've made a lot of progress on tax return fraud but it's a game of whack-a-mole in terms of dealing with the issue," said Eric Smith, a spokesman for the IRS."The problems never really go away.While the IRS has had recent success combating tax return fraud, the responsibility to protect personal information begins with taxpayers. Here are four ways to help make sure you don't become a victim.
In others, they attempt to convince people to pay money to avoid legal troubles."Many people are contacted by email or by phone and led to believe they have a tax debt that they have to pay in a specific way," said Smith. Last year, 87 percent of tax returns were filed electronically. That makes life a lot easier for both the government and for taxpayers, but it also exposes people to potential cybercrime. The strongest defense against identity theft is to practice safe computing when it comes to storing sensitive data, filing a return and sharing personal information with others.
That includes your Social Security number and full legal name as well as facts about your yourself such as your age, addresses and even the names of your spouse and children. Social media networks provide vast troves of data for potential criminals to access."You just can't blindly share that information," said Losi.
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