April 27, 2015
Imagine receiving this message in your email: Fraudulent IRS tax scheme affecting Florida Physicians. Physicians should be on the lookout for problems with their federal tax return. The Florida Medical Society has learned within the last week that multiple Society members have been affected by a multi-state identity theft scheme designed to steal their federal tax refund. The scheme involves the use of a stolen Social Security Number (SSN) to file a fraudulent ax return in a physician’s name in order to receive the tax refund Physicians typically have learned they were targeted by such fraud when they were unable to e-file a tax return because a return was already filed using their SSN, a refund was received before they filed a tax return, or they received an IRS 5071C letter informing them of possible fraud related to their taxes.
Identity Theft was a big issue this past filing season. We saw more activity with rejected returns than we have had in prior years. We had clients receiving letters telling them their income tax return had been received prior to us preparing the return for filing.
Some things you should do if you receive one of these letters or your 2014 return was rejected:
According to the commission's online claims process, those whose personal information was exposed can opt for 10 years of free credit monitoring, which breaks down as follows: Four years via the three major credit bureaus (Equifax, Experian and TransUnion) and six years specifically through Equifax.
With all the tax law changes this year, be sure that you are getting your just deductions in the coming tax season. That is, qualifying deductions that fall under the Child and Dependent Care Credit. According to tax giant and trusted resource Intuit, here’s the skinny…
These days, we seem to have endless articles on IT security while traveling, but far fewer on physical safety. Because summer can be big travel months for many businesses, we put together the following list of tips to help keep you safe while away from home.