Article written by, Natasha Swan
Tax Identity theft is on the rise and causing major problems for both CPAs and Clients. To make matters worse, it can take several months for the rightful taxpayer to straighten out the confusion and receive the refund due to them. Most victims of tax fraud do not realize they are a victim until they go to file their personal income tax return. After filing their personal income tax return, the Internal Revenue Service notifies them that a tax return has already been filed with their social security number.
Becker and Rosen Certified Accountants, LLC is committed to protecting our clients’ records and follows several security measures to ensure that sensitive data is carefully guarded.
If you were/are a victim of fraud, the IRS suggests that clients follow the following procedures:
- Call the IRS to inform them that there may be possible fraud associated with your Social Security Number (1-800-908-4490).
- Call the state or states that you submitted returns in to inform them that there may be possible fraud associated with your Social Security Number (Missouri, 1-573-751-3505).
- Complete Form 14039 and attach to a paper copy of the tax return that was rejected. Include and attach copies of two forms of identification (Social Security Card, Passport, or Driver’s License). Mail the return to the address you would normally mail a paper return.
Due a refund: Department of Revenue
P.O. Box 500
Jefferson City, MO 65106-0500
Balance due: Department of Revenue
P.O. Box 329
Jefferson City, MO 65107-0329
- The process takes about 180 days, and if you are expecting a refund, the refund will be delayed. If you have not received any notification in 180 days, you should follow up with the IRS (1-800-908-4490)
- Contact all three major credit bureaus to report possible fraud.
a. Equifax 1-800-525-6285
b. Experian 1-888-397-3742
c. TransUnion 1-800-680-7289
- Contact your financial institution(s) to report possible fraud with your personal information.
- File a report with the local police department to report possible fraud with your personal information.
- Report identity theft to the Federal Trade Commission (1-877-438-4338).
- Contact Social Security Administration (1-800-772-1213).
If you were/are a victim of tax identity theft, the IRS will monitor your records for three years. Also, the IRS will randomly select victims to receive an identity protection PIN. The IRS Identity Protection PIN (IP PIN) is a unique six digit number that is assigned annually to random victims of identity theft for use when filing their federal tax return. The PIN shows that a particular taxpayer is the rightful filer of the tax return. The IP PIN will allow individuals to avoid delays in filing tax returns and receiving refunds. Previously, IP PINs have been mailed out at the end of December. However, due to the high volume of fraud claims, the IRS is unsure if all victims will receive their IP PIN before December 31st, 2014. The IRS expects to provide more than 1.2 million taxpayers with an IP PIN. If you receive an IP PIN please forward it to our office.
We recommend that you visit the IRS website for tips on how to prevent becoming a victim of tax identity fraud. Please feel free to contact us with any questions or concerns.