Tax Season is Here; Protect Yourself from Refund Fraud

Tax Season is Here; Protect Yourself from Refund Fraud

This tax season, the Internal Revenue Service and state revenue departments are bracing for fraudulent refund requests filed by identity thieves.  Read more about steps the IRS is taking here.  This scam not only defrauds the U.S. Treasury, but can cause innocent taxpayers major headaches.  Your good credit is a valuable asset.  You can help protect it by taking action:

  1. If you file your returns this year and find that a fraudulent return has already been filed, immediately report the matter to the IRS or your state revenue department.
  2. If you use TurboTax to file your returns, log into your account and make sure a return hasn’t been fraudulently filed.  If you find evidence of fraud, contact TurboTax customer service immediately.
  3. Request a taxpayer-specific PIN from the IRS by filing IRS Form 14039.  Visit this link for a copy of the form:  https://www.irs.gov/pub/irs-pdf/f14039.pdf
  4. Consider placing a fraud alert or freeze on your file with the major credit bureaus.
  5. Monitor your own credit by obtaining a free copy of your credit report from each of the major credit bureaus annually.

No hope of a refund?  Certain tax debts may be dischargeable in bankruptcy.  If you feel overwhelmed by what you owe, call our office for a free consultation, and see how we can help.

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