Protection After IRS Tax Records Breach

Identity TheftClark Howard has our backs again with his article, 3Ways to Protect Yourself After the IRS Tax Records Breach. Risk for Identify Theft is growing rapidly and you can take steps to protect yourself.

  1. Do a credit freeze
  2. Beware of reload scams
  3. Reduce your withholding at work

Reducing your withholding at work is recommended if you are receiving a tax refund each year. Essentially you are giving the government an interest free loan. THEY get to use your money all year long! Reduce your withholding to the point you estimate you will break even when you file your taxes. Estimating tax liabilities and adjusting withholding accordingly is tax planning at its finest. I highly recommend all tax payers do proper tax planning every year.Tax Planning


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: