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Avoid Identity Theft From Impacting Your Taxes

MoneyTips

When your identity is stolen, you have so many possible problems to handle– changing passwords, closing accounts, handling deceitful charges, and placing fraud signals with the credit reporting companies– that you might forget potential tax fraud. Armed with your individual details, identity burglars can file a deceptive income tax return in your name and get a refund prior to you understand your details has actually been compromised. Often taxpayers are unaware of the breach until they have issues submitting their taxes.

What do you do if you fall victim to tax-related identity theft!.?.!? Start by responding to any Internal Revenue Service notification as advised. Your very first tip that there is a problem could be a notification from the Internal Revenue Service asking you to validate your identity because of a suspicious tax return with your Social Security number.

Remember that practically all legitimate Internal Revenue Service contact will be through a letter in the …

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