April 15th is the Official IRS Deadline, But Don't Delay

 

Procrastination is a bad habit. This is particularly true when it comes to paying income taxes each year, and not for the reasons you might think. Yes, the IRS levies penalties for late payments. But even worse that that, identity thieves are increasingly filing false tax returns on behalf of innocent Americans from coast to coast. In fiscal year 2013, the IRS initiated approximately 1,492 identity theft related criminal investigations, an increase of 66 percent from 2012. One thing these thieves are hoping for is taxpayer lethargy. By filing first, the identity thieves gain an advantage, as the IRS may or may not have a solid reason for suspicion of foul play (depending on the believability of the false claim). Bottom line, when a thief files first, it adds serious injury to the initial insult, as the IRS takes many months to resolve identity theft claims. Stay on the safe side and file early. It's a simple and easy way to stay several steps ahead of the growing problem of tax fraud and identity theft.

 

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