Archived Posts: Identity Theft

What To Know About Tax-Related Identity Theft

What To Know About Tax-Related Identity Theft

by | May 30, 2022 |

Tax-related identity theft occurs when someone uses a taxpayer's stolen SSN to file a tax return claiming a fraudulent refund. In the vast majority of tax-related identity theft cases, the IRS identifies a suspicious tax return and pulls the suspicious return for review. The IRS then sends a letter to the taxpayer and won't process the tax return until the taxpayer responds. Depending on the situation, the taxpayer will receive one of three letters asking them to verify their identity: Letter...

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Verifying Your Identity When Calling the IRS

Verifying Your Identity When Calling the IRS

by | Sep 20, 2021 |

Sometimes, taxpayers need to call the IRS about a tax matter. If this is the case, they should know that IRS phone assistors take great care to only discuss personal information with the taxpayer or someone the taxpayer authorizes to speak on their behalf. As such, the IRS will ask taxpayers and tax professionals to verify their identity when they call.

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Tax Tips for January 2021

Tax Tips for January 2021

by | Jan 28, 2021 | ,

Click on the links below to jump to each section in this article: Standard Mileage Rates for 2021 Understanding the Excise Tax Protecting Business Taxpayers From Identity Theft Employee Business Expense Deductions: Who Qualifies?   Standard Mileage Rates for 2021 Starting January 1, 2021, the standard mileage rates for the use of a car, van, pickup, or panel truck are as follows: 56 cents per mile driven for business use, down 1.5 cents from the rate for 2020 16 cents per mile driven for...

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Identity Protection PIN Available To All Taxpayers

Identity Protection PIN Available To All Taxpayers

by | Jan 18, 2021 |

What You Need to Know Starting in January 2021, the IRS Identity Protection PIN Opt-In Program will be expanded to all taxpayers who can properly verify their identity. Previously, IP PINs were only available to identity theft victims. What is an Identity Protection PIN? An identity protection personal identification number (IP PIN) is a six-digit number assigned to eligible taxpayers to help prevent their Social Security number from being used to file fraudulent federal income tax returns....

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