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Can I File Tax Returns Early to Prevent Tax Refund Theft?

Our blog recently discussed where to find free tax preparation services in Kansas City. However, much more can be said about why you should prepare to file your taxes early. Thousands of Americans have their tax refunds stolen by cybercriminals each year. Cybercriminals will file fraudulent tax returns after stealing the Social Security numbers and other identifying information from victims. Refunds are typically stolen during the beginning of tax season. Filers are less likely to notice the theft until they e-file weeks or months later. If you are affected by tax refund fraud, then the IRS will send you a notice in the mail. This notice will inform you that a return has already been filed in your name. According to the Federal Trade Commission (FTC), you can reduce the chances of having your refund stolen by filing your taxes as soon as you have the necessary information and paperwork….
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