Each year consumers spend countless hours preparing their tax returns hoping they don't owe the government money. But what they may not realize is that the government isn't the only one who may collect their hard earned cash -- so might identity thieves.
The 2013 filing season is upon us, and the IRS says it will begin processing individual income tax returns on Jan. 30. Unfortunately tax season can leave consumers with mountains of paperwork, which makes them more vulnerable to identity theft. The IRS understand this and says it is taking additional steps during the 2013 tax season to protect taxpayers and help victims of identity theft and refund fraud.
On this episode of TCUL’s Your Money Your Matter, radio personalities Rick Grady and Linda Webb-Mañon, Texas Credit Union League; Todd Mark, Consumer Credit Counseling Services, and Courtney Moran, Texas Credit Union Foundation, will examine what measures consumers can take during tax season to protect their identities.
The four will also share tips on how to prepare for tax season, including what documents you’ll need to complete your return; reviewing any life changes that might affect your tax return, and considering any year-end tax moves that could reduce your taxable income.
Your Money. Your Matters is a weekly show broadcasting every Tuesday from 11 a.m. to noon CST. The program examines financial issues of most importance to consumers.
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