Protect Against Tax Identity Theft

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Tax identity theft affects thousands of taxpayers every year. This occurs when someone uses your stolen personal information, including your social security number, to file a tax return claiming a fraudulent refund.

Here are some tips you can take to reduce your risk of experiencing tax identity theft.

  • File your return as early as possible to reduce the time an identity thief can use to file a fraudulent tax return in your name.
  • Protect your personal identifying information by always leaving your social security card at home, never disclose personal information over email or on the phone unless you have initiated the contact.
  • Protect your personal computers and email accounts with firewalls and antivirus software.
  • Choose strong, unique passwords for each email and financial site you use. Don’t allow your computer to automatically save passwords. Change them regularly.
  • Beware of phishing scams. Avoid opening email attachments or clicking on any links you are not 100% familiar with. The IRS will never request personal or financial information through email communication.
  • Shred bank and tax documents.
  • Actively monitor your credit reports from the three bureaus.
  • View and monitor your tax information on the IRS website: https://www.irs.gov/payments/view-your-tax-account
  • If you have been a victim of identity theft, you can attain an IRS Identity Protection PIN. It is a six-digit code known only to the taxpayer and to the IRS. It helps prevent identity thieves from filing fraudulent tax returns. Starting in 2021, the IRS is expanding the Identity Protection PIN Opt-In Program to all taxpayers who can verify their identities. Learn more about it here: https://www.irs.gov/pub/irs-pdf/p5367es.pdf

Disclosures:

This report is distributed with the understanding that it is not rendering accounting, legal or tax advice. Please consult your legal or tax advisor concerning such matters. No assurance can be given that the investment objectives described herein will be achieved and investment results may vary substantially on a quarterly, annual or other periodic basis. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information.

The information presented herein is for informational purposes only and is not intended as an offer to sell or the solicitation of an offer to purchase a security. Past performance is not indicative of future results.

Gryphon Financial Partners shall not in any way be liable for claims and make no expressed or implied representations or warranties as to their accuracy or completeness or for statements or errors contained in or omissions from them. This was created for informational purposes only. Gryphon Financial Partners, LLC is an Investment Adviser.

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