What Do I Do If I am a Victim of Identity Theft?

While there are many different forms of Identity Theft, all incidents should be taken very seriously. Make sure to follow these steps put together by the AICPA to help prevent additional fraud.

  • * Report the identity theft to the fraud department of one of these agencies as soon as possible – Equifax, Experian, or TransUnion.
  • * Request a copy of your credit report with only your last 4 digits of your SS# on the report.
  • * Close accounts that your think have been compromised or opened fraudulently.
  • * Inform the credit bureaus and credit issuers (in writing) of any fraudulent accounts and incorrect information.
  • * Obtain replacement credit cards and destroy any old cards.
  • * Notify those who have received your credit report in the last 6 months of any fraudulent or incorrect information.
  • * Confirm that an extended fraud alert (7 years) is placed on your credit report.
  • * Report the crime to the FTC to establish an Identity Theft Affidavit.
  • * Report the crime to your local police or sheriff’s department. Make sure their report documents as much evidence as possible, and keep a copy of the report.
  • * Contact the IRS to report the theft. 1-800-908-4490. Form 14039. Contact your CPA with any questions.
  • * Contact your state tax agency to report the theft. They may require the police report.
  • * If it is US Mail Fraud – 1-800-275-8777 to report it
  • * Social Security Number misuse –
    • Check your earnings record to make sure no one is using your SSN to obtain work.
    • Contact the SSA Inspector General to report fraud 800-269-0271
  • * Contact your health insurance company in your card was stolen.
  • * Contact your local utility providers to ensure to new accounts are opened in your name.
  • * Tell collectors that you are a victim of fraud and, therefore, not responsible for the account. Get the name of the collection company contacting you.
  • *Ask for the name and contact information for the referring credit issuer, amount of debt, account number and dates of charges.
  • * Follow up, in writing, with the debt collector and ensure that they confirm, in writing, that you do not owe the debt and that they account has been closed.

Identity Theft can be am awful and frustrating experience. Make sure to keep copies of everything related to the theft, change all passwords, and continue to monitor your credit reports. Make sure to remain vigilant, so that you can eventually clear your “name.”

http://www.journalofaccountancy.com/issues/2016/aug/giving-bad-news-to-identity-theft-victims.html?utm_source=mnl:cpald&utm_medium=email&utm_campaign=09Aug2016