If someone uses your Social Security number to file a fraudulent tax return in order to receive a tax refund, what can you do? The IRS now has a guide for taxpayers in this situation.
Better still, protect yourself from identity theft. Guard your personal and financial information. Monitor credit activities under your name through the major credit reporting bureaus. You are entitled to a free annual credit check.
The guide contains useful telephone numbers and web sites to help you protect your identity. For example, the IRS telephone number to call for questions about identity theft is 800-829-4490.
Source: FS-2012-8
An amount taken from income as a prepayment of an individual’s tax liability for the year. In the case of wages, the employer withholds part of every wage payment. Backup withholding from dividend or interest income is required if you do not provide the payer with a correct taxpayer identification number. Withholding on pensions and IRAs is automatic unless you elect to waive withholding.