Any type of identity theft can turn your life upside down. It creates financial problems and can tarnish your credit history, not to mention the time, money, and patience it takes to resolve. Now fraudsters are targeting your tax refund! Tax-related identity theft occurs when someone uses your Social Security number (SSN) to file a tax return claiming a fraudulent refund. Thieves frequently file early to avoid detection, and make off with your refund before you’ve had a chance to file. The IRS reports that tax identity theft is on the rise. What to Do If You Are a Victim of Tax Identity TheftIf you’ve been the victim of tax identity theft, it’s important to act quickly to prevent any additional fraud from occurring. You need to call the police right away. Unfortunately, your refunds will likely be delayed for an extended period while the IRS resolves the matter. A typical case can take about 180 days to complete. Follow these steps to secure your personal information and any refund rightfully due from the IRS: 1. Identity Theft Affidavit with the IRS 2. Respond to Any IRS Notice 3. Report Fraud to Federal Trade Commission (FTC) 4. Contact Your State Tax Agency 5. Place a Fraud Alert on Your Credit Record 6. Contact your Financial Institutions These are some Tax Identity Theft Warning SignsDid you file your taxes only to have it rejected by the IRS because a return using your Social Security number was already accepted? Or, did the IRS send you a letter saying it identified a suspicious return using your personal information? These are signs that your tax identity may be in the hands of criminals. Other warning signs include (1) You owe additional taxes, refund offset, or have a collection action against you for a year you did not file a tax return. (2) The IRS indicates you received wages from an employer you can’t identify. (3) Your state or federal benefits were reduced or cancelled because a government agency received information reporting an income change. Free Consultation with a Utah Tax AttorneyIf you are here, you probably have a tax law issue you need help with, call Ascent Law for your free tax law consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
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via Michael Anderson https://www.ascentlawfirm.com/tax-identity-theft-law/
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