Identity theft is a major problem during tax season. Tax identity theft traditionally occurs in one of two ways.
The first situation arises when someone files a fake tax return using your social security number in an attempt to steal your refund. The second situation arises when someone has used your social security number to get a job. Then the IRS sees a discrepancy when you file your tax returns and they don’t match this other person with your SSN.
Either one, just like any other kind of identity theft, can be bad for your finances. In addition, they create a major headache for you.
Learn about how these tax identity theft situations are best handled, and what you can do to better protect yourself now and in the future, by reading the full article here.