Tax Minute


Tax-related identity theft is when someone uses your stolen Social Security number to file a tax return and claim a fraudulent refund. Taxpayers usually do not find out about this until they try to file a tax return using their Social Security number or when they get a notice from the IRS for a tax year that they did not file a tax return for. Tax-related identity theft is one of the largest problems facing the IRS, therefore, last year Congress gave the IRS more tools to address the ever-growing problem. Any victim of identity theft knows how big of a problem this is and that it can follow you for years or decades. In many cases, taxpayers will end up having to hire lawyers who specializes in identity theft to help them. If you are or suspect you may be a victim of identity theft, one of the best guides I have seen on the initial steps you should take is on the IRS website at under "Taxpayer Guide to Identity Theft". Even if you are not a victim of identity theft, this guide is only a few pages long and is worth reading as it also offers tips on things you can do to reduce your risk of becoming a victim of identity theft.

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