Viewing posts categorised under: Identity Theft
Don’t be a victim of tax identity theft: File your 2017 return early
Identity Theft

The IRS has just announced that it will begin accepting 2017 income tax returns on January 29. You may be more concerned about the April 17 filing deadline, or even the extended deadline of October 15 (if you file for an extension by April 17). After all, why go through the hassle of filing your return earlier than you have to?

But it can be a good idea to file as close to January 29 as possible: Doing so helps protect you from tax identity theft.

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EQUIFAX Breach:  Are Your Financial Accounts Safe?
Identity Theft

Last week, Equifax announced its database had been hacked which compromised the personal information of 143 Million people (nearly half of the people in the US).  Unfortunately, the database was compromised from Mid-May to June, 2017.  Equifax learned of the breach on July 29, 2017 which means the information had already been exposed for 6 weeks.

 This breach was especially serious due to the amount of detail maintained by credit bureaus.  It included:  Names, SSNs, Birth Dates, Addresses, Driver’s License #s, Credit Card #s, Passwords, and the answers to Security Questions on accounts.  In the hands of an identity thief, this information can be used to cause problems ranging from Bogus Charges on Credit Cards to Legal Actions to Draining your Brokerage Account.  

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Help prevent tax identity theft by filing early
Identity Theft


If you’re like many Americans, you might not start thinking about filing your tax return until close to this year’s April 18 deadline. You might even want to file for an extension so you don’t have to send your return to the IRS until October 16.

But there’s another date you should keep in mind: January 23. That’s the date the IRS will begin accepting 2016 returns, and filing as close to that date as possible could protect you from tax identity theft.

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