The IRS reminds holiday shoppers to protect their tax and financial data from identity thieves. All it takes is a few extra steps to prevent cybercriminals from stealing sensitive data, such as financial account information, Social Security numbers and credit card information. Thieves could use this data to file a fraudulent tax return in 2019.
This tip is part of National Tax Security Awareness Week. The IRS is collaborating with state tax agencies and its partners in the Security Summit to remind taxpayers and tax professionals about the importance of protecting data.
Cybercriminals want to turn stolen data into quick cash. They do this by draining financial accounts, charging credit cards, creating new credit accounts or even using stolen identities to file a fraudulent tax return for a refund.
Taxpayers can follow seven steps to help protect their accounts and their money.