Will Equifax Breach Open Door to Tax Scammers?
Will Equifax Breach Open Door to Tax Scammers?
The tax season is always ripe with challenges, not the least of which is dealing with another wave of tax scams. Scammers are constantly looking for newer and more deceptive ways to steal your hard-earned money, including your tax refund.
Although, the tax-filing season is still a few months away, there is already a new threat emerging, thanks to the massive data breach that affected nearly half of all taxpayers in the country. Hackers were able to find a breach in Equifax’s security and steal the private information of about 143 million U.S. adults.
What does that mean for taxes? Now that this information is available on the dark web, the chances of your tax refund being hijacked have greatly increased. So what’s the number one thing you can do about it?
Of course, you need to keep a vigilant eye on your credit score and accounts, but you also need to be prepared to file your tax return as early as possible. That’s because if you file your return before a scammer does, they can’t file it for you and steal your refund.
While the IRS and the FTC always recommend filing your taxes early, this coming tax season it will be even more important. According to the FTC, taxpayers should file “as soon as you have the tax information you need, before a scammer can.”
That means you should start preparing now so you’re ready when tax season begins.
We hope you found this article about “Will Equifax Breach Open Door to Tax Scammers?” helpful. If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page or our website at www.GROCO.com. Unfortunately, we no longer give advice to other tax professionals gratis.
To receive our free newsletter, contact us here.
Subscribe to our YouTube Channel for more updates.
Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com. GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.
Alan L. Olsen, CPA, Wikipedia Bio
GROCO.com is a proud sponsor of The American Dreams Show.
The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.
Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.
The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.
They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..
American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:
Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…
MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness. It’s mission statement:
In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.
Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.
The Economic Benefits of Hosting The Super Bowl
The Economic Benefits of Hosting the Super Bowl Written by Traci Bullock. What is the Super Bowl? Arguably, the most popular US sporting event of the year. The Super Bowl features the best two teams from the NFL’s American Football Conference (AFC) and National Football Conference (NFC) competing for the Vince Lombardi Trophy, named after…
Positive Work Environment
Positive Work Environment Written by Traci Bullock. Creating a positive work environment is essential for the success of any organization or company. A positive work environment not only increases productivity and employee satisfaction, it also attracts and retains top talent. In this article, we will discuss key elements of creating a positive work place: making…
Unlocking Success with Lynn Thomas CEO of Thomas Consulting One Great Idea at a Time
See Lynn Thomas‘ Recent Interview with Alan Olsen: about unlocking success one idea at a time, video here: https://youtu.be/0VFOWFl3wqk Lynn Thomas has been helping clients unlock success, one idea at a time by executing tailored client presentations that deliver extraordinary client experiences. Her firm specializes in creating and implementing plans based on new tax laws…
Pushing the Boundaries of Science and Technology since 1973: Terrific Insight from Dr. Lee Hood
See Dr. Lee Hood‘s recent interview with Alan Olsen: about pushing the boundaries of science and technology: https://youtu.be/60DDZ0MJ8QE Dr. Lee M. Hood is best known for his development of technologies which have enabled the advancement of predictive, preventative medicine. Dr Hood’s journey began at a young age, when he was an assistant professor of molecular immunology…