Tax fraud tip #1: Know the risk and potential impact of tax-related identity theft

Tax season is approaching. The truth is that while you may not be thinking about tax season yet, there are scammers who are.

Tax-related identity theft occurs when someone uses your stolen Social Security number to file a tax return claiming a fraudulent refund. This may also be referred to as Stolen Identity Refund Fraud (SIRF).

With all the distractions of the holidays, it is important to keep an uncompromising stance on protecting your business and personal information. The tips below can help reduce your risk of tax-related identity theft:

  • Use security software with firewall and anti-virus protections. Use strong passwords that combine letters, numbers and special characters.
  • Avoid phishing emails, vishing (voice phishing) telephone calls and smishing (SMS phishing) texts from scammers pretending to be legitimate organizations such as your bank, credit card companies and the IRS.
  • Do not click on links or download attachments from unknown senders and/or suspicious emails.
  • Protect your personal data. Do not routinely carry your Social Security card, and make sure your tax records are stored securely.

Motorists strives to keep you informed so that you can continue to enjoy the holiday season and enter the new year with information to keep you prosperous and protected.

Source: IRS: https://www.irs.gov/newsroom/taxpayer-guide-to-identity-theft