A report by the Treasury Inspector General for Tax Administration (TIGTA) reveals that that taxpayer identity theft more than doubled in 2011, skyrocketing to 641,052 taxpayers affected as compared to 270,518 the prior year.
As Eileen Ambrose of the Baltimore Sun explains, once a fraudster has someone's Social Security number, all they have to do is "make up W-2 information, submit a return before the legitimate taxpayer files and receive a refund directly deposited on a debit card."More
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