Monday, March 17, 2014

Identity Theft and Tax Fraud on the Rise

Identity theft has long been a problem affecting people throughout the United States, and unfortunately, it’s becoming even more prevalent. To make matters worse, many scammers are now using identity theft as a gateway to a new kind of tax fraud.

This new tax fraud involves individuals who steal a person’s identity and then, using that identity, file several fraudulent tax returns electronically. As a result of the filings, the scammers can often receive several undue refunds in a matter of days, long before anyone catches onto the scam.  



Obviously, trends such as this one are frightening, and what’s even worse is that absolutely anyone can be a victim of this kind of fraud. Fortunately, there are things you can do to protect yourself and/or your business from this type of fraud and from all other types of fraud. For assistance protecting yourself and/or your organization, secure the services of a trustworthy accountant. The right accountant can advise you on how to best protect yourself and your assets, and you can find that accountant at Susan S. Lewis, Ltd. of Naperville.

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