Tax Identity Theft #1 Type of ID Theft - News, Sports and Weather

Tax ID #1 Type of Identity Theft

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"Tax identity theft is the fastest growing form of identity theft in the United States, according to the complaints that the Federal Trade Commission receives," says Lisa Schiefferle with the FTC.
In fact, in 2012, 43% of identity theft reports to the FTC were tax-related.

Schiefferle says, "A large proportion of tax identity theft is refund-related. What will happen is fraudsters will get your social security number, either through a data breach or through stealing it from a hospital or other organization, and then once they have your social security number, they'll use it to file for a refund."

Here's where filing early can really work in your favor.  If you have a refund coming, you'll have the money sooner, and you might just thwart an ID thief in the process.

And if you're mailing in your return don't leave it in your mailbox overnight with the little red flag up.  Bring it directly to your neighborhood post office.

If you believe you've been a victim of tax identity theft you can call the IRS Identity Protection Specialized Unit at 1-800-908-4490.

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