If you are expecting a tax refund this year, it’s a good idea (in light of the recent Equifax breach, especially) to file your return as soon as possible to avoid someone stealing your refund. This can occur when someone uses another’s Social Security number to file a tax return in their name to claim their refund. Victims will likely be unaware that this has happened until they file their tax return and discover that another return already has been filed in their name.
If this happens to you, your tax refund could be delayed by six months or longer while the IRS investigates. So don’t be lazy this tax season and put off filing until the last minute. Get your taxes done early!
Have you or someone you know ever been the victim of this type of identity theft? Share your story with us!