It is that time of year when we all have to deal with the dreaded tax filing process. It can be a pain right? Well imagine if you have to further deal with the IRS later after filing your taxes because some one else used your information to file a fraudulent tax return in your name. The saying "Prevention is Better than Cure" rings very true. Our first line of attack is to diligently protect our personal information from these crooks.
If you take out a loan with a bank or open a new account etc, ask them for a copy of their "RED FLAGS RULE" I will talk about this in tomorrow's blog. But this rule tells you how the bank will protect your information from being stolen and what they will do to protect you if it is stolen. This is just an example. I will have a DO's and DON'TS concerning how you handle your information soon. Stay tuned for that.
However, if you are a victim of Tax Identity Theft, below is a video by a CPA who will give you the step by step process on how to handle it. It can be a drawn out process but it must be done to give yourself some peace of mind.
Please forward it to as many people as possible as this is a very important time of year. Make no bones about it, Tax Identity Theft is alive and well and it can happen to you. Enjoy!!!!!!!
Video presented by John Miller, CPA
I remember a guy who went through a ID theft issue. His life was miserable. I hope it does not happen to me. Your blog is very professional and resourceful!
ReplyDeleteWell thank you Joon, and I do understand your friend's dilemma. But is he okay now? If not let me know and I can guide him on what to do.
DeleteI am so glad someone is getting some benefit from my blog. Now if I can get to make separte pages I will be a happy camper. LOL
Awwww, your daughter is so so cute. Thanks Joon for your response.