Thursday, January 10, 2013

Tips to Prevent Identity Theft During Tax Season #taxes

Hard to believe, but tax season is upon us.  If that wasn't stressful enough, now we have something new to worry about--tax identity theft.  This happens when someone files taxes in your name.  This tactic has been used more and more lately, with the IRS reporting that almost 1 million tax returns with identity theft in 2011!

TrustedID—the nation’s most comprehensive identity protection and privacy service—offers some easy tips to help protect your information this tax season.  

·         Monitor your mail closely during tax season. Make a list of everyone who pays you, including employers, banks and brokerages, and make sure you receive hard copies in the mail of what they send to the IRS.

·         Track and shred important tax documents. Always keep your tax paperwork in a safe and secure location. Shred any paperwork you no longer need before you dispose of it.

·         Beware of IRS-related scams. If you receive an email or phone call asking for your personal or financial information, delete it or send it to the FTC at for investigation. The IRS will never email taxpayers about issues related to their accounts or ask for your Social Security number or financial details over the phone. If you have any doubt whether a contact from the IRS is authentic, call them directly to confirm it.

·         Protect your computer. If you're filing your taxes online, be sure to use updated firewall, antivirus, and spyware software.

·         Get proactive identity theft protection. Comprehensive identity protection service, like TrustedID's IDEssentials helps safeguard your personal and financial information, including your Social Security number, bank accounts, credit cards, online profiles, credit reports and scores, and can help prevent identity theft before it starts.

This guest post was written by TrustedID.

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