A number of years ago I had my purse and wallet stolen. If you’ve ever experienced a theft like this, you’re familiar with the flood of unnerving thoughts that seen to haunt you for a while. Will the person misuse my identity? What risks does this now expose me to? A few months ago I wrote a series of blog articles on the identity theft epidemic as it pertains to your tax information. The IRS has released an update about how they are getting more proactive.
(Similar to: IRS Scams — Do Not Accept Phone Calls or Emails!)
IRS Resources For Those At Risk Of Identity Theft
The IRS is taking an initial step in the right direction by publishing Form 14039 (Identity Theft Affidavit). Through the use of this form, the IRS generates a special account marker that is used to notate on a taxpayer’s account when they have had their personal information stolen or compromised and assists with future protection.
How To Fill Out The Identity Theft Affidavit
There are separate boxes to check if the theft has already impacted your tax records, or if you just want the IRS to be aware you were a victim of a theft that could potentially impact your tax record in the future.
This box about potential future problems reads “I have experienced an event involving my personal information that may at some future time affect my federal tax records.”
When it comes to your identity you can never be too careful. If your information was somehow compromised don’t hesitate to make the IRS aware by completing and sending in Form 14039 (Identity Theft Affidavit).
References:
Thomson Reuters/ PPC Five Minute Tax Briefing. 6/25/13. No 2013-12. Form 14039 instructions.
By: Sarah Moore, Manager at WHH
