Millions of Americans expect to get refunds in the coming
weeks. But the IRS recently reported that a big rising problem in
taxes is identity theft of tax refunds. How can you protect
In the following video, Dan Caplinger, The Motley Fool's
director of investment planning, looks at the problem of tax
identity theft. He notes that the IRS claims to have stopped 14.6
million suspicious returns from being filed, potentially saving
taxpayers $50 billion between 2011 and late 2013. But still, $3.6
billion in fraud occurred in 2011. Dan looks at new IRS
initiatives to protect taxpayers, including the
identity-protection PIN trial program in Florida, Georgia, and
the District of Columbia. In the end, though, Dan concludes that
your best defense is protecting your Social Security number and
other personal information to prevent fraud.
Is Uncle Sam about to claim 40% of your hard-earned
Thanks to a 2013 law called the American Taxpayer Relief Act,
or ATRA, he can, and will, if you aren't properly prepared.
Fortunately, The Motley Fool recently uncovered an arsenal
of little-known loopholes to protect yourself from ATRA and
help keep the taxman at bay when he inevitably comes calling.
We reveal them all in a brand-new special report. Simply click
the following link below for instant, 100% free access.
Protect my hard-earned wealth from Uncle
Protect my hard-earned wealth from Uncle Sam
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