Also in this playlist...
This transcript is automatically generated
The biggest problem that your finding when when we talk about.
Tax fraud and tax identity fraud -- what is the big issue.
The big issue as well it's actually 21 his diversion of refunds and a where someone using your Social Security number manages to file a tax return in many cases doctoring up W -- And then files possibly using even stolen Social Security numbers from children so they had them on as dependence.
You're looking for your refund and either you won't get it because it's diverted or you can file -- blocked from filing because provide -- technically already -- even -- it's fraudulent -- correct and then one other situation is when you file and they get a notice of deficiency from the service claiming that the amount that you have reported -- your income.
Is radically different and lower than the amount that they.
Very quickly before we -- and tips about how to protect yourself.
It does the IRS make it easier for people given the fact that we I know that these kinds of by electronic identity issues take place.
Today trying go out of their way to make it a little easier for people have been the victims of this kind of crime to to recover.
They they do I -- one of the things they're they're doing as issuing -- -- numbers for people who file after they've been victimized.
They do have a division that focuses on tax related identity theft they've added.
Several thousand people more customer service as well as a couple thousand more people -- actually helping people.
I get through this.
They've nor necessarily help you with the rest of your identity issues that you have to ask yourself the big question if someone has your Social Security number for the purpose of filing -- tax return.
You can bet it's not gonna stop.
That's credit all of that and -- right so let's let's get into this you have a whole series of ways to protect yourself let's show everybody would move and with all these shredding guard at lock it up.
Check your credit reports early and often keepers for Social Security number yourself.
I'd actually like to start and keep your Social Security number two yourself that's already out that mean it's.
Most people can find it do that given time searching on the Internet -- -- -- I don't know waving at me the problem is that you know horses out of the barn on that one is just way too much information out -- -- way too many data breach houses documents it really -- -- you turn it's out there.
But the fact is that doesn't mean you need to contribute to it.
So where you can avoid giving your Social Security doctor's office that's all the time for use of security numbers let's do that.
Well is it some will argue that if if if they're getting me the insurance refunding -- -- Social Security numbers insurance companies -- setup that way and also if you pass away.
They're gonna -- your Social Security number for the death certificate unless you give them the name.
Of somebody your family who has -- so so when the doctor's office -- crises again the sort of security number you shouldn't be apprehensive about that guy I wouldn't be eager to do it and I would certainly want to know exactly how they intend to protect it.
Because there's just too many doctors' offices that are like suits what I had to start coming back in the trash and I have to put it in the computer and -- -- goes in the trash and boom you're done.
You know they are regulated under happen it's pretty tough but there been somebody breaches involving medical facilities inside jobs were people steal files like that.
Since credit let's talk about -- it in electronic age how much -- that the tax.
Filings tax documentation those issues are really the kinds of things you can shred.
What what you can -- of the documents that actually help you create the electronic filing.
Such -- as your W two as you can the united things like that were after a period of time -- I don't need him anymore.
Don't thrown out try to.
Right and you and you yet to say that's up seven years seven years and then you can shred it and New York State I mean New York City and I know me despised throughout the country do this.
They have -- days where you can take your stuff to they bring in the trucks and whom they shred everything that you give them.
Just this very important though as they're taking your document -- -- -- credit.
-- yes I've got paranoid that -- gardez now what do you mean by this -- -- you an example for instance I received my tax returns electronically from the person who did them.
And I have them in my email.
-- gonna download it to.
A hard drive on my computer not on the computer but.
Side of the computer and that's -- story is that what you mean by -- -- I do.
I have what you need to do is is anything you have first loss in paper form make sure that you put it someplace really safe right safe deposit -- something like that just don't leave it lying around early that it -- filing in in your home office it's an open -- in my home office boost -- The second thing is that you know once you download the information make sure that it's an encrypted thumb drive.
Not just a password protected them drive and and a lot of people just save it in their computer unless you you're your computer is encrypted don't do it.
But if it's into a hard drive that I disconnect and -- I'm using it to that computer because they originally sent me.
I think what you described with the -- -- didn't work today to send it to me is an attachment -- I'm downloading it to this hard drive that I only.
I only use it when I played a package.
Make sure that then you take that hard drive and and lock it up someplace really say Fran may I say that it's a little irresponsible on their part to send you an attachment to an email us as we -- Unless you have an encrypted email program with each of you having the the password.
Your your exposed if someone had -- your computer you've got a problem.
Well -- downloaded so hopefully some of washing won't -- -- right now I did have had a right glad to change that changed my email exchange bank accounts is actually did get -- couple years ago.
-- take -- credit reports early and often now.
This is the -- I realize that the credit report being agencies give you free credit check each one wants here correct his -- talking about.
Well it's one of the things there are also sites like credit dot com and others where -- have what they call free credit report cards I mean really freaked out attached to a moderate program.
Where you can go and actually look at your your credit report information.
And then it it actually keeps you updated on school but the --
Filter by section