Tax Refund Identity Theft

Tax Refund

These days, filing tax refunds and tax returns via the Internet has become more common. Unfortunately, it has also given birth to a new breed of scam artists, too. Phishing scams and identity theft is more prevalent. Following are a few things to look out for if you receive an email from somebody purporting to be from your local tax authority.

What should I look out for?

These scammers will go to great lengths to ensure that the email correspondence they send to you looks genuine. They will even replicate tax authority logos and what looks like a link to the relevant website. They ask you to provide personal details such as name, date of birth, address, bank details – this gives them everything they need to be able to search for your tax refunds and bank account.

The links they provide you with may direct you to a website which looks exactly like the tax office site, look for anomalies, spelling errors and bogus emails, they can be easily spotted if you know what you are looking for. The bogus websites can also request personal information and your credit card detail information. If you do receive this type of email do not click on any links provided and do delete and block any future emails. However, make a note of the email address you received it from and report it as a potential scam. The authorities will then investigate and hopefully this will prevent others from being duped.checkout their latest updates at http://abcnews.go.com/US/wireStory/20-years-prison-100m-tax-refund-fraud-leader-38231914

What if I have provided all of my details?

If you believe you may have submitted your details to a fake site, then contact your bank or financial institution without delay. Explain what you think has happened; they may send you new account details or just keep watch for any unusual activity on your account. Banks, financial institutions and tax authorities will never ask for verification online of your personal details.

How can I protect myself?

There are many ways to protect you from tax refund identity theft and online fraud.

• If you receive unsolicited emails claiming to be from the tax authorities or banks, take a note of the email address which sent it, the date and time, delete the document and report it.

• If you are unsure if the email sent to you is a legitimate request, contact the organization from their regulated website, not from the details given via the email or phone. Search the internet and find the details for the tax authority or bank yourself or use the contact details from any official letters or documentation you have from them.

• Don’t open any email attachments or open any links and definitely don’t reply to these emails. If you do, it may download a virus onto your computer.

Tax Refund

• Most importantly never send your financial details over the email or give them over the phone, keep your credit card and banking details safe – con artists can commit identity fraud and steal your tax refunds and your money if you allow them access to this information.

Be vigilant, if you are unsure that someone is asking you for information which they shouldn’t be, take the details and report it to your local authority, that way you will never fall prey to people trying to steal your hard earned cash.

Tax Preparation Tips to Get a Larger Income Tax Refund

Tax Preparation Tips

There are many ways to boost your Income Tax Refunds by simply getting organized. Many people lose money when they don’t keep track of their receipts or don’t fill in logbooks at regular intervals. Keep on top of your expenses and expenditures as you go along and you are sure to reap the rewards later.read more detailed information at this article.

How Can I Boost My Tax Refunds?

The first thing to do is claim deductions for expenses you are entitled to claim legally. For example, if you work in IT and had to purchase new computer software – this is job related and could be classified as a legitimate expenditure for business purposes. If you are a landscape gardener or builder and had to purchase a vehicle to get you to and from your appointments you may be able to claim a portion back for gas, vehicle and mileage.

Keep all receipts no matter how small as all of these can be offset against your tax returns and help boost your tax refund. If you don’t have the correct paperwork to back up your claims – don’t guess or just add them in anyway. If the tax authorities decide to audit you and you can’t prove these documents exist, you may be liable for a hefty fine. Also another thing worth mentioning is charitable donations, these can also be claimed as tax deductions so keep all receipts and bank statements pertaining to these too.

How Do I Keep on Top of My Expenses?

There are many ways to keep on top of your expenses, don’t wait until the day before your tax return is due to try and track down hundreds of receipts. A simple filing system can help you. Keep an excel spreadsheet dated by week and month – many templates are available online. Then in a folder of the same name store all receipts and documentation in date order. That way, when tax time comes around you will be so organized and accurate with your tax returns that your refund will be turned around quickly and without question. Once your tax refund has been received, don’t throw away any receipts, keep them in a safe place in case you need them for auditing in the future.

Get some Good Advice

 

Tax Preparation Tips

Tax agents Taxreturn247.com.au can assist you with your tax refund claims and ensuring you log all work related receipts and paperwork. Letting someone else assist you can save you time, stress and money. They keep on top of things for you, ensuring you haven’t missed out on any expenses you should be claiming for, these professionals know the tax laws inside out and can ensure your tax refund is exactly what it should be. They will also check any tax returns for discrepancies and errors, another bonus – any fees charged by your tax advisor or accountant are fully deductible on next year’s tax return!learn more detailed information at http://www.itv.com/news/2016-04-07/the-camerons-could-not-have-avoided-income-tax-through-blairmore/

All of these tips will boost your tax refund, and the key is organization – if you have everything under control from the very start – filing your tax return and achieving the tax refund you deserve will be plain sailing.