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Old 04-15-2013, 07:34 AM
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Default Beware the risks of tax reimbursement theft

Learning the best way to fight back against tax refund burglary means keeping your personal financial data safe. Here are a few ways you can make that occur. Source for this article: 500 personal loan that i can pay back over time

Robbing refunds

In the first three quarters of 2012, there was a 62 percent increase in the number of tax reimbursement thefts reported from the same period in 2011. It increased from 232,142 reported cases to 641,690, according to the U.S. Government Accountability Office. There are plenty of ways for people to get your social security numbers, including hacking into any organization such as a school, bank or employer. Normally, the tax ID is taken to fraudulently claim a refund.

Project your identity

Make sure you avoid letting people have your social security number unless absolutely necessary. You need to also keep away from carrying your social security card or documents with the figures around with you.

Check your credit history

Use each year to get a free copy of your credit history. If you suspect identity burglary has occurred, however, then sign up for a monitoring service that informs you when major changes occur. Equifax, Experian and TransUnion all have something of this nature available to the public.

Guard financial documentation

You need to always stay away from throwing away financial files without shredding them. Even shredding may not be enough sometimes. Keep them filed away in your home or have your accountant keep track of them. Most identity thieves get the info out of the garbage.

Stay away from letting people on your PC

Many consumers have lost their information quickly because they did not guard their computer. It is simple to accidently give data to a scam site instead of a real one. Make sure you are careful about where you put out information. Also, make sure you have antivirus software to keep people from watching what you put in online.

Tax reimbursement theft protection step No. 5 - Don't expose sensitive data over the phone

Whether the person you are speaking with is hiding their identity thief nature, or someone is intercepting your wireless phone conversation, the telephone is where some customers lose the privacy battle. Be cautious before giving up sensitive bits of data.

Doing something about it

If you become a victim of tax reimbursement burglary, contact the Internal Revenue Service and police quickly, as well as the Social Security Administration and the three major credit bureaus. If the thief has already filed a return and collected your reimbursement, it may take as long as a year to resolve the issue.


Annual Credit Report

Mint Life

U.S. Government Accountability Office
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