Avoid Tax Fraud by Filing Your Taxes Early

Identity Theft is a Common Form of Tax Fraud

With tax fraud and identity theft on the rise, one way you can lessen the chance or avoid it is by filing your taxes early. A criminal can use your stolen social security number or other personal tax information to fraudulently file a tax return in your name. They can then reroute your refund to an address or bank account where they can get their hands on it. This can in turn make you spend a lot of time and money in trying to reverse this tax return theft. It has been recommended that filing early can help you avoid this potential theft as it leaves less of an opportunity for someone else to file a return in your name.

With this said, start getting together the necessary paperwork to file your 2015 taxes. Let us know how we can help you get going on your tax returns. We will be sending out 2015 Tax Organizers in early January and that is always a good starting point for your individual accounting. Be prepared and get filing early!

Fun fact: The IRS will never send you anything via email, text, or by social media. They always use mail as a form of communication. So keep an eye out for scams!