Identity Theft By Stealing Your Tax Return Rebate
As with anything, when the majority of a population uses something, it usually becomes the target of malicious or criminal activity. Just ask Microsoft Internet Explorer engineers.
Now that over 80% of tax returns are e-filed with the IRS, the thieves have found clever ways to claim your tax refunds through fraudulent identity theft, as I alluded to in Monday’s tax return guide.
E-filing had such a good thing going there for its users – quicker returns, easier to catch errors, no trip to the post office, and the peace of mind that your return reached its destination. And the IRS loves e-filing because they result in easier audit pulls, electronic data storage, and fraud detection.
By Adam Levin | Credit.com – Fri, Mar 29, 2013 3:29 PM EDT
Every time you go to a new doctor or dentist and they give you a clipboard brimming with documents to fill out and sign, notice how they always ask for your Social Security number? Do you dutifully give it up? Did you ever wonder if they really need it?
I once asked a doctor why he wanted it. His response: “I don’t really know. I guess it’s because we’ve always asked for it.” (In actuality, most doctors ask in case your insurance doesn’t pay the entire invoice and/or to fill out a death certificate if you die. Offer a next of kin who knows the number instead, and your phone number for billing issues.)
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