01.21.2016 - By Patrick Crow
With the annual ritual of tax filing comes a stern reminder that identity thieves are lying in wait. Through various sources, they're able to obtain your social security number and date of birth. Then they electronically file a tax return and get the tax money that you've paid in. When you try to file a legitimate return, it gets rejected as a duplicate filing. This is a nearly $6 billion dollar problem. Finally, the IRS and the States are taking action and working with the online tax preparers to minimize the risk. But no doubt, just when they think the problem is solved, these thieves will come up with new ways to defraud the system. Patrick discusses several ways that you can minimize the risk.
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