Scott G. Winterton, Deseret News
To add to the stress of taxes, identity theft to claim refunds is on the rise, according to a Wall Street Journal article.
The IRS considers this a growing problem as thieves file fake tax returns using someone else’s social-security number. It can take victims months or sometimes years to clean up the case and it is an expensive process.
Besides being a big hassle, it delays a refund, which causes financial plans to be shifted when they expected money doesn’t come.
"Every one of these clients is upset and venting — I want to pay for my cruise, do this, do that," Byron Shinn, a Florida accountant, told the Wall Street Journal. "I've got to deliver the bad news."
The most common victims are the elderly or the young. Shinn, suggested getting a special identification number, which is available from the IRS. It allows taxpayers to show they are the real filer of a return.
- How much is your diploma worth? Money...
- Why you must teach your children about money
- 25 states with the lowest levels of personal...
- Do jobs need to be fulfilling?
- Davis County cities propose property tax...
- 'Grandparent' scammers active despite...
- 9 startup companies perfect for your family
- 5 ways to save money, improve quality of life...
- Dave Ramsey says: Don't leave an estate... 13
- U.S. economy grows at scorching 4... 12
- How much is your diploma worth? Money... 12
- Dave Ramsey says: Don't touch that 529... 8
- Study: 35 percent in US facing debt... 5
- Consumer index climbs to record level... 4
- Study: 35 percent in US facing debt... 2
- $1,000 Sovaldi now hepatitis treatment... 2