Huge Increase in Tax Identity Theft, New Helpful FTC Website, IdentityTheft.gov
Huge Increase in Tax Identity Theft, New Helpful FTC Website, IdentityTheft.gov Identity theft fraudsters used to steal consumers’ credit card information and run up charges. They still do, but now the fraudsters are stealing identity information to file fraudulent tax returns to get tax refunds in large numbers. In 2015, about 43% of the Federal Trade Commission’s complaints were related to use of stolen identities to get others’ tax refunds. Fraudsters also use someone else’s children as dependents in filing their tax returns to lessen their tax liability. Other crooks claim a tax refund using a deceased taxpayer’s information. Still...
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