Wednesday 20 September 2017

How to prevent tax fraud after the Equifax breach

Social Security numbers exposed in the Equifax breach could be used for tax-related identity theft. Here's how to head off the criminals.
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Straight talk from the money editor
Despite all the warnings and news coverage, scammers continue to successfully target unsuspecting taxpayers by posing as IRS agents. To that point, more than 10,000 victims have collectively paid over $54 million as a result of phone tax scams since October 2013, the U.S. Treasury Inspector General for Tax Administration reports.
To be clear: The IRS doesn't initiate contact with taxpayers by phone, e-mail, text messages or social media channels to request personal or financial information. In addition, despite having a less than stellar reputation, the IRS does not threaten to bring in law-enforcement to have a taxpayer arrested for not paying. For more about tax scams, visit IRS.gov. For 
more cool stuff like this, please follow me on Twitter @jimpavia.

Jim Pavia
Money Editor
@jimpavia

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