Someone Already File your Tax Return?
A growing scam involves false tax returns.
Here is how it works:
A scammer files a tax return with a refund specified. Then the scammer goes to one of the tax return advanced loan businesses, presents the return, and gets a loan based on the anticipated refund. Goodbye scammer.
The problem manifests itself when the victim tries to file their tax return. If electronic, the IRS returns a notice that a return has already been filed.
One thing I cannot understand is how a tax return company will gladly create a tax return without physically checking the identity of the person. Maybe now they will.
Doug