What is Identity Theft Insurance? Do You Need It?

Esperanza Aguillon asked:

With increasing amount of of identity theft many consumers are turning to identity theft insurance as a tool for protecting themselves from the finacial losses resulting from this crime. What exactly is identity theft insurance? Do I need it? Does it offer a good value in return?

Identity theft insurance coverages all vary from different services in the total amount of coverage, deductible amounts and monthly or yearly costs, the same as other common types of insurance. Read the rest of this entry

Tips to Protect Against Taxpayer Identity Theft

Quote Forums asked:

What Things Should Taxpayers Know about Identity Theft?

Every taxpayer needs to take steps to protect their personal information. Monitor your personal assets, information, credit reports and any suspicious inquires you are made aware of. Keep your documents and the information on them secure. Hire a service to monitor your identity, they can catch any thing that seems strange for you and take the needed steps to stop anything before your identity takes a negative hit. Shred any important documents, statements or old bills. Notify the IRS if anything is out of line, theives have been targeting tax returns for refunds. Read the rest of this entry

Top 10 Things Taxpayer’s Should Know about Identity Theft

Taxpayer Identity Theft Prevention TipsBankruptcies asked:
What are the The Top 10 Things Taxpayer’s Should Know about Identity Theft?

Every taxpayer should keep their personal information secure. Today, more than ever, identity thieves continue to evolve and think of new tricks to try and steal personal information. These criminals use stolen information and file tax returns to try and steal your potential refund. That’s your hard earned money and your identity. We have compiled a list of the top 10 things the IRS thinks you should know about identity theft. The tips are ment to try and help taxpayers avoid becoming a statistical victim of identity thief. Read the rest of this entry