How to Avoid Tax-Refund Identity Theft
The entire rascal must steal your identity and your tax refund – your name and your social security number – are the two most important personal information (PII) items. Then scammers make declared values as income and tax return, and even file a false tax return under your name.
Most of the repayments sent by credit or debit card to a thief’s address or sent electronically to a bank account controlled by a thief will be less to facilitate their discovery. But a thief can report hundreds of false tax returns a year.
How tax fraudsters receive your personal information
While Americans are more aware of the dangers of identity theft and the need for more effective security methods, thieves are still relatively easy to get confidential personal information about strangers.
“There are many ways for criminals to access their personal data – from tax return fraud through phishing emails through the old old man junk in the bin,” said Trey Loughran, Equifax Marketing Director. “Some scammers represent themselves as tax preparers who offer discounts to receive your income, or even the same as the IRS by false email.
Sophisticated kidnappers often have complications with access to confidential data. In 2011 and 2012 Two-Stroke Identity Theft was discovered in Florida using hospital registers stolen by billing agency employees for filing thousands of false income statements and collecting at least $ US $ 35 million reimbursement.
The bottom line, Lofran says, is that criminals find it profitable that they may file a false declaration of income, and then constantly invent new models of stealing personal information.
What does the IRS do to stop tax theft?
The Internal Revenue Service knows the theft of fiscal performance identification data and the agency has increased its efforts to seize fraud attempts. The IRS has thousands of employees trained to identify potential cases of identity theft among the millions of applications that are filed.
Eva Velaskes, CEO and President of the Identity Theft Resource Center in San Diego, said that since most Americans interact with the IRS once a year, it is difficult to detect the tax return.
“The IRS receives a scanning of our lives once a year,” Velasquez said. “At that time everything changes, sometimes abruptly.
“Employers, incomes, bonuses are changing,” he said. “Families are born and age, we move, marry, become divorced, and so on. But the only thing that remains constant is your personality.
When this type of crime often occurred several years ago, the changes found on false returns were not quite unusual for triggering suspicion, Velasquez added. So the only way the IRS will detect fraud with the tax repayment is when the legal taxpayer has submitted its reimbursement.
“That’s not so, according to the IRS and the representatives we talked about on this issue,” Velasquez said.
“Although they cannot share the details, fearing the train scam, they tell us that there is no evidence, conceptually similar to those used by your credit card issuer and your financial institution for the first time. It is now used to detect fraud and detect models during the initial deposit. Progress has been made, but there is still a lot of fraud.
How to make sure that a tax refund flight does not happen to you
There are several steps that need to be taken to avoid becoming a victim of identity theft of tax return. First, in order to protect personal information that was not stolen, first, said NeylCheyz, a former LifeLock Education vice president, based in Tempe, Arizona.
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