Tax identity theft raises concerns
The 2024 tax season brings with it more concerns over identity theft that can cause serious problems for taxpayers and their pocketbooks.A crime called Tax Identity Theft happens when someone uses another person's social security number to file a fake tax return and collect the refund. Victims may not find out about the crime until they try to file their tax return and the IRS rejects it as a duplicate filing.While the IRS investigates these offenses, tax returns can be delayed. The misuse of Social Security numbers may also put victims at risk for other types of identity theft. According to Equifax, an American multinational consumer credit reporting agency, this can include other types of financial, medical, employment, child, estate, criminal and synthetic identity theft.Gov