Tax filing season is upon us. For the next several months, taxpayers will be busy gathering documents to prepare their taxes or hand the information over to professional tax preparers. Identity thieves will also be busy during this season looking for additional schemes to exploit consumers. Filing false tax return data and stealing the resulting fraudulent refund is a scheme that has increased.
While our favorite identity theft protection tool, the credit freeze, will help reduce the odds of your tax return being hacked, it is not enough. Fortunately, the Internal Revenue Service is providing taxpayers a tool to protect themselves better. Adding an Identity Protection PIN will create a six-digit number that helps prevent your Social Security number from being used in fraudulent federal income tax return filings. Take action now to protect your tax return, and your identity.