Identity Theft Tax Fraud is on the Rise

A recent article in the New York Times highlighted the rising incidence of identity theft tax fraud.   The perpetrators use stolen social security numbers to electronically file false tax returns resulting in millions of dollars in undeserved refunds.  They outsmart the IRS by filing a tax return before the legitimate taxpayer and collecting the refund by way of hard-to-trace prepaid debit cards.  This type of fraud costs US taxpayers millions of dollars each year and causes hardship to the victims who must often wait several months to receive their rightful refunds.  The IRS and several st

Beware of Phishing

Phishing is a tool used by thieves to lure unsuspecting users into providing their confidential information by masquerading as a trustworthy entity. One example of phishing is fake email that closely resembles a known entity. Within the deceptive email, there are one or more links which, once clicked, redirect the individual to a fake website that closely resembles the legitimate website. Once at the illegitimate website, the individual is requested to enter usernames, passwords, account details, and/or other confidential information, which are then captured by the perpetrator.