The Threat of Identity Theft!

        There has been a drop in Identity Theft cases over the past few years but it is still a crime that Taxpayer’s must be cautious of, especially during tax Season. That is why it still remains on the Dirty Dozen list of tax scams released by the Internal Revenue Service (IRS) in 2019. This is a list of the 12 most common scams that Taxpayer’s may encounter at any time of the year. Identity Theft ranks at Number 3 this year, and here are some reasons why.
          This type of scam is still a problem for Individuals and Businesses during this time of year because thieves are always changing their tactics. Once they get ahold of a Social Security Number (SSN), the con artist will immediately file a fraudulent Tax Return to claim a refund. They will strive to steal the Tax information of a business to file a false Form 1120. While the criminals may be on the attack, there are ways that we can protect ourselves.
          Always use updated security software on your electronic devices. All files containing sensitive information must be encrypted. Use passwords for your devices, and make sure they are strong. Recognize when you are looking at a phishing email or being subjected to a potential thief making a threatening phone call. This is a primary way they get the data to steal identities. Treat your personal information a something valuable, don’t give it away to anyone who asks for it. Never click on strange links or give it to someone who does not deserve to have access to it. Being proactive and following these steps will help to avoid the pain of having to rebuild after your identity has been destroyed. 

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