How common is tax ID theft?

How common is tax ID theft?

From 2015 to 2019, there was an 80% decline (677,000 to 137,000) in the number of taxpayers who filed IRS identity theft affidavits—a form you attach to your tax return if you’re the victim of tax identity theft. It then reaches out to taxpayers to confirm their information before continuing to process the return.

How can identity theft affect your taxes?

Tax-related identity theft occurs when someone uses your stolen personal information, including your Social Security number, to file a tax return claiming a fraudulent refund. If you suspect you are a victim of identity theft, continue to pay your taxes and file your tax return, even if you must file a paper return.

How do I fix identity theft with the IRS?

Complete Form 14039, Identity Theft Affidavit, attach it to the back of your completed paper tax return and mail to the IRS location based upon the state you reside.

What to do when the IRS needs to verify your identity?

If the IRS needs to verify your identity, they’ll send you a 5071C letter. You’ll need to have your prior year’s tax return and current year’s tax return, Forms W-2, 1099, and Schedules A and C available for reference before you take steps to verify your identity.

What is tax identity fraud?

Identity Tax Fraud. Tax fraud is the intentional falsification of details on a tax return by an individual or a business with the plan of limiting or even evading tax liability.

What is the percentage of identity theft?

By the Numbers. Consider these identity theft statistics: In 2017, 6.64 percent of consumers became victims of identity fraud — that’s about 1 in 15 people. Overall, 33 percent of U.S. adults have experienced identity theft, which is more than twice the global average.

What is the phone number for the IRS identity theft?

The IRS also advises that, if you believe you may become a victim of identity theft, you should call the Identity Protection Specialized Unit (IPSU), toll-free at 1-800-908-4490.