Thursday, January 31, 2008

Tax Time or Prime Time for Identity Theft


By now, most of you have received your W-2's and other tax reporting forms used in preparing your taxes. The question is: where are those forms kept in your home? Are they lying on a table top or somewhere anyone can see them? Or, are they in a locked box or file cabinet?

Your W-2's, and other IRS reporting forms, include your Social Security Number and, in some cases, financial account information. These numbers can be a gold mine for identity thieves. They literally can kidnap your identity: obtain a job, open up new lines of credit, access existing financial accounts or stock portfolios, get welfare, avoid a criminal history and generally create havoc in your life.

For the identity thief, tax time is a prime time of opportunity. With that in mind, the Identity Theft Resource Center(R) wants to remind consumers and businesses to be careful when handling tax-related documents and information.

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