File your tax return early in the tax season, if you can.
If you get a phone call from someone claiming to be from the IRS, take note: The agency will never initiate a phone call to a taxpayer, unless they're returning your call.
Instead of routing the fraudulent tax refunds to a separate account, the suspects instead direct the funds to the victim's real bank accounts through direct deposit, the IRS says.
Taxpayers receiving erroneous refunds also should contact their tax preparers immediately.
Nevertheless, identity theft criminals remain active, with the Identity Theft Resource Centre (ITRC) recording 1,579 data breaches in 2017, up 45% from 2016, and Experian reporting that W-2 scams increased by nearly 80% over that period.
Choosing e-file and direct deposit for refunds remains the fastest and safest way to file an accurate income tax return and receive a refund.
The money belongs to about one million taxpayers who didn't file their returns, and the IRS says about half of the refunds are for more than $847. To get your hands on old income forms (W2, 1098 or 1099), taxpayers can request copies from their employer or bank.More news: Givenchy, Hepburn's little black dress designer, has died
A list of income exempt from Alabama income taxation, including federal Social Security benefits and state employee retirement benefits, can be found online at revenue.alabama.gov.
To collect the money, taxpayers must file their 2014 tax returns with the IRS no later than this year's tax deadline, Tuesday, April 17.
In this fake IRS notice, which uses a realistic IRS logo, victims are told that they must return the refund money to a "local refund account" within 24-hours. If you encounter any of the scenarios described above, call the IRS at (800) 829-0433 to report the potential fraud.
The IRS is warning taxpayers of an old scam with a new twist.
Also put a fraud alert on your credit reports so that businesses must contact you to verify your identity before issuing credit in your name.
Like any swindle, it is always better to take steps to prevent identity theft from happening than to react to it after the fact.
Filing a past return could also be lucrative.
Federal law allows tax payers a three-year window for claiming a tax refund.