Tax-related identity theft occurs when someone uses your stolen personal information, including your Social Security number, to file a tax return claiming a fraudulent refund. You may be unaware this has happened until you file your return and discover a return has already been filed using your Social Security number. Alternatively, the IRS may send you a letter saying they have identified a suspicious return related to your Social Security number.
The IRS, state governments, and the tax industry have joined together to create safeguards to fight tax-related identity theft.
If you become a victim of tax-related identity theft, click the link below to review some steps you should take.
From time-to-time we share third-party articles/information that may be of interest to our clients. These articles are being provided for informational purposes only, do not constitute investment advice and do not necessarily represent the opinions of Homan Wealth Advisors. Homan Wealth Advisors does not provide any guarantee, expressed or implied, that the information presented is accurate or timely, and does not contain inadvertent technical or factual inaccuracies. The past performance of securities is no guarantee of their future result. The value of any investment may fall, as well as rise, and investors may not receive the full amount of their principal at the time of redemption if asset values have fallen.