Top Tips for Preventing Tax Related ID Theft

Richard Ropelewski |
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Identity theft is a major problem right around the globe and, with numbers rising year-on-year, it’s vital to take preventative measures where possible. The first step to fending off attacks and monitoring any potentially fraudulent activity is to invest in the best identity theft protection. With the right package in place you’ll have a head start on the ID fraudsters.

Where things can start to get really messy, however, is if you fall victim to tax-related identity theft. If someone manages to steal your ID and uses your Social Security number to subsequently claim your tax refund then it can cause all sorts of issues, not least of which will be your ability to pay back taxes. A disappearing tax refund isn’t just about the money though; it’s also about the hassle factor.

So, how best to fend off those ID tax-fraudsters who are clamouring after your tax return information? Here’s a selection of practical tips that will help you minimize the threat, although keep in mind that even with the best advice and by taking plenty of preventative measures we’re all still susceptible to the risks.

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The opinions voiced in this article are for general information only and are not intended to provide specific advice or recommendations for any individual.

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