Tax Identity Theft Awareness

Tax season is upon us again, and many federal agencies are making recommendations and providing tips to help taxpayers learn how to protect themselves from tax-related identity theft and IRS imposter scams.

According to the IRS, tax-related identity theft occurs when someone uses your stolen Social Security Number (SSN) to file a tax return claiming a fraudulent refund. You may be unaware this has happened until you e-file your return and discover a return has already been filed using your SSN or you get a letter from the IRS saying it has identified a suspicious return using your SSN.

Steps to protect yourself.

Taking steps to protect your identity can go a long ways in preventing tax-related identity theft. Remember you can be a victim of identity theft even if you never use a computer. Scammers obtain personal information by stealing wallets, overhearing phone conversations or rummaging through trash.

Here are some ways to minimize your risk:

• Keep your computer secure by using and maintaining anti-virus software and a firewall.
• Treat your personal information like cash, don't just leave it lying around.
• Do business with reputable companies.
• Protect your personal information. Don't carry your social security card or documents with your SSN around.
• Shred any documents with personal information you don't need anymore.

If you are a victim of identity theft, the Federal Trade Commission recommends these steps:

• File a complaint with the FTC at identitytheft.gov
• Contact your preferred Heartland Bank branch immediately and close any accounts that may have been compromised.
• Contact one of the three major credit bureaus to place a 'fraud alert' on your credit records: Equifax - 866-349-5191, Experian - 1 (877) 284-7942 or TransUnion - 1 (800) 916-8800.