Noticed this story on the news recently. I know several people who have been victims. All of those victims have been working for years to get their federal tax issues from identity theft resolved.
The issue, with 3 items of Personal Identifiable Information (PII) anyone can file a federal tax return and get a check or debit card with a large refund. Victims of other identity theft breaches may not realize how PII can be cumulative (add up) to enough information to create multiple cases of identity theft.
Think of standing in line at the pharmacy. You over hear other's name and date of birth. Add their SSN and you can file a federal tax return. Those 3 items are available in oh so many places. Every other item of information needed to file a return can be falsified.
So, how to prevent this type of IRS fraud? File early with the IRS and invest in identity theft protections was on the news article. Until the IRS has a better and speedier method of validation of the items needed to file a tax return we are all at the mercy of thieves.
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