Skip Lovette, CPA
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In today’s environment, it’s a busy time for cyber criminals and scammers. Tax-refund fraud is a serious and fast-growing problem.
Tax-refund fraud happens when a cyber criminal steals someone’s personal information to file a fake tax return and to claim that individual’s the refund. To file a tax return online, they only need a name, date of birth, and a Social Security Number.
Cyber criminals are constantly searching for Social Security Numbers and other personal information that they can leverage for fraudulent purposes. Because identify theft and tax-refund fraud often starts long before tax season, it’s important to protect your personal and financial information year round.
Here are some tips to protect yourself and your loved ones from tax-refund fraud: