Time to Take Identity Protection Seriously

Tuesday, January 12, 2016

The Strategic Tax Lawyers are insisting that you start taking identity protection seriously and make it part of your normal routine. This security awareness tax tip comes at a time when cyber thieves are on the lookout for innocent victims to steal their identity via various tax scams. 

Identity theft involves the theft of your personal identifying information which includes your name, address and Social Security number (SSN). Becoming a victim of identity theft is very stressful, time consuming and harrowing. It is of the utmost importance to always take protecting your identity seriously and keep alert of any suspicious activity, especially online.

The IRS is working with the revenue departments in each state, as well as the tax industry to make sure that taxpayers realize the risks associated with identity protection and personal or financial data. With these entities working together, you can make a difference in your identity protection.  

There are certain things you can do to protect your tax and financial information which should become part of your everyday routine.  This includes carefully reviewing your financial documents, such as your credit card and bank statements.  You should be looking for any suspicious charges, which can occur in even the smallest amounts. Please be aware that you will not receive any requests from your bank or credit card institution, or the IRS for that matter, to reveal any personal or financial information.  Please take the time to look over and respond back to any correspondence you receive from the IRS, as this is very important. The IRS will notify you by mail if they need any information from you. 

You should also take the time once per year to review your three credit reports. There are options to get free credit reports and you can also sign up for credit report monitoring. Another great tip is to carefully look over your Social Security income statement each year to see if there is a discrepancy in the amount of income reported.  This can be done by signing up for an account at www.SSA.gov.  

Just as important, you should shred your personal and financial documents that have your identifiable information. This is a way that identity thieves get their hands on your address, birthdate, or social security number, often from the trash bin.

The Strategic Tax Lawyers, LLP are a firm of Los Angeles Tax Attorneys, IRS lawyers, and IRS Fresh Start lawyers.  We, at the Strategic Tax Lawyers Firm, are experts in tax code with years of experience dealing with the IRS.  Call the Strategic Tax Lawyers at (800) 669-4775 for a free consultation to assist you with your tax-related matters.