Fighting identity theft is an ongoing battle as identity thieves continue to create new ways of stealing personal information and using it for their gain. Tax-related identity theft occurs when someone uses a stolen Social Security Number to file a tax return and claim a fraudulent refund. The IRS is committed to reducing fraudulent refunds and has launched several new initiatives to combat this problem. The Identity Theft section of the IRS website includes information regarding how to protect yourself from identity theft, and it also includes a complete step-by-step guide for actions you should take if your identity is stolen.
How to Fight Identity Theft
About the Author: Jeff Belingheri
Jeff is a Partner at Bregante + Company LLP, providing tax, accounting and consulting services to closely held businesses and high net worth individuals throughout the greater San Francisco Bay Area.