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IRS Security Awareness Tax Tips

IRS Security Awareness Tax Tips, Los Angeles CPAFollowing a number of high-profile security scares, the IRS has begun to publish tips for taxpayers to protect personal information from identity theft.

One of the most helpful posts is “Seven Steps for Making Identity Protection Part of Your Routine,” published on IRS.gov. Be sure to monitor your financials closely and follow up with us if you have any questions about your personal security.

  1. Read your credit card and bank statements carefully and often – watch for even the smallest charge that appears suspicious.
  2. Review and respond to all notices and correspondence from the Internal Revenue Service. Warning signs of tax-related identity theft can include IRS notices about tax returns you did not file, income you did not receive or employers you’ve never heard of or where you’ve never worked.
  3. Review each of your three credit reports at least once a year. Visit www.com to get your free reports.
  4. Review your annual Social Security income statement for excessive income reported. You can sign up for an electronic account at SSA.gov.
  5. Read your health insurance statements; look for claims you never filed or care you never received.
  6. Shred any documents with personal and financial information. Never toss documents with your personally identifiable information, especially your social security number, in the trash.

If you receive any routine federal deposit such as Social Security Administrator or Department of Veterans Affairs benefits, you probably receive those deposits electronically.  You can use the same direct deposit process for your federal and state tax refund.  IRS direct deposit is safe and secure and places your tax refund directly into the financial account of your choice.

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