‘Tis the season for tax ID theft

BBB Consumer Alerts

CHICAGO – NOVEMBER 1: Current federal tax forms are distributed at the offices of the Internal Revenue Service November 1, 2005 in Chicago, Illinois. A presidential panel today recommended a complete overhaul of virtually every tax law for individuals and businesses. (Photo Illustration by Scott Olson/Getty Images)

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It’s that time again! Tax season is upon us and some tax payers may be in for an unwelcome surprise.

Most victims of tax identity theft don’t learn of their plight until after filing their tax return, only to find out that a return has already been filed under their Social Security number or tax ID. This can lead to a host of headaches, such as collection actions and wage garnishment. A victim’s wages may also be inaccurate because it shows wage information from an unknown employer. Worse yet, some filers may end up owing even more taxes – because of the tax ID thief.

Remember, if the IRS has a problem with your tax return or account, they will contact you by mail – not by telephone, email, or text. Don’t give or confirm personal or financial information to anyone over the telephone, because you never know who is really on the other side of the line.

For more tips on safeguarding your taxpayer identity, check out Beware the Tax ID Thief.

For a list of trustworthy tax preparers in your area, go to bbb.org.

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