As you are reading this, millions are in danger of being victims in tax fraud. Thieves file phony tax returns and get refunds courtesy of identity theft. This past February alone had over $38 million in phony tax returns. So how can you protect yourself from being a tax fraud victim?
First, file early. It gives thieves less of a chance to file ahead of you. Keep an eye on your mailbox to make sure no physical documents are taken from you. Discern and choose your tax preparer carefully since you’ll be giving them your personal financial information. Doing these small things can make it harder for scammers to make you a victim. Get more tips on protecting your identity when paying taxes here:: 5 Tips to Avoid Identity Theft
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