Imagine after sending in your annual
tax return, you receive a notice from the Internal
Revenue Service saying that another return has already been filed using your name and Social Security
number-and
claiming a refund.
Sound impossible? It can
happen if you become one of a growing
number of victims
of tax return identity theft. According to one estimate,
tax-related identity theft cases have soared more than 650% since 2008. At the least, this crime can lead to a
delay in your refund, but the consequences may be much more serious.
In addition, you may face a larger problem with identify theft if the scammer is also running
up credit card debt or taking out loans in your name.
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