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Stop ID Theft

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The Indiana Department of Revenue continues to implement security measures to protect Hoosiers and the state from identity theft and identity fraud. Since its inception in 2014, the Identity Protection Program has stopped more than $100 million in fraudulent refund attempts. 

Identity theft occurs when someone obtains your personal information – such as your Social Security number, credit card or bank account numbers, passwords, among others – to defraud or commit crimes.

 Signs You Might Be a Victim of Identity Theft

  • Someone else has filed a tax return in your name.
  • You have an overdue balance or collection actions from a year you did not file a tax return.
  • Confirmed IRS records of wages from an employer you never worked for.

If you think you might be a victim of identity theft, visit http://www.in.gov/

 Protect Your Family

Children can also be victims of identity theft. Children whose identities have been stolen may not find out until they apply for a student loan or credit card and learn that a thief has been using their identities for years. Parents or guardians of children should pay extra attention to safeguard their children’s information. Here are some ways to protect your child’s identity:

  • Check your child’s credit report annually. This can be done by contacting the credit reporting companies and provide proof of your identity and other documents.
  • Never carry your child’s Social Security cards with you.
  • Before you share your child’s SSN or other personal information, ask why it’s needed and how it will be protected.

 To learn more about how to protect your identity, contact your Somerset advisor at 317-472-2200 or info@somersetcpas.com.