Taxpayers Warned of ID-Theft Related to Tax Refund

FTC or Federal Trade Commission, in its just-released statistics, shows that approximately 15% of the entire incidences of identity theft, during 2010, associated with tax returns. The figure subsequently, during 2013, surged to 43%, reported CBS4 dated February 10, 2014.

Internal Revenue Service's Media Relations Expert Michael Dobzinski stated that the problem of ID-theft during tax returns happened nationwide, while definitely affecting people all around. Actually, it was only when people submitted to clear their taxes that they got to know never like before that they were victims of ID-theft, Dobzinski analyzed. CBS4 published this.

Originally as per reports by CBS4, prison inmates of Florida would devise schemes to con tax paying citizens off their refunds and get the payments from ISR in check right where they stayed. It was also reported that over 300K ID-theft refunds continued to hang around for processing by Internal Revenue Service. Bill Nelson Senior Senator from Florida heard cases related to the refund scam.

Treasury Department's Inspector General, during 2012, computed that during the time extending to 2017 it was possible that IRS would disburse USD 21bn to meet potentially deceptive reimbursements of taxes.

But although in disagreement with that large numerical amount, IRS knows that it would yet have to do much for safeguarding truthful taxpayers from getting conned.

According to Dobzinski, IRS has set aside 3,000 employees who would solely deal with ID-theft cases. Moreover, another 35,000 would identify cases if they're ID-theft ones as they arise.

Overall, according to IRS, taxpayers may get their refunds in twenty one days following electronic filing of returns. The agency has deployed fresh software filtering solutions and tracking software.

Meanwhile, for taxpayers towards safeguarding personal information off scammers: they mustn't carry their SSN card inside their purse; must review their credit statement after each time-span of 12-months; install anti-virus/anti-spam software and firewalls on their home PCs; never provide personal information through Net/mail/phone except if they themselves made the contact; as well as not approach a person who prepares taxes by advertising himself just anywhere, directs clients to put their signature on an empty return else demands an upfront fee.

» SPAMfighter News - 2/17/2014