If someone uses your Social Security number to file a fraudulent tax return in order to receive a tax refund, what can you do? The IRS now has a guide for taxpayers in this situation.
Better still, protect yourself from identity theft. Guard your personal and financial information. Monitor credit activities under your name through the major credit reporting bureaus. You are entitled to a free annual credit check.
The guide contains useful telephone numbers and web sites to help you protect your identity. For example, the IRS telephone number to call for questions about identity theft is 800-829-4490.
Source: FS-2012-8
Shifting income to a later year, such as where you defer taxable interest to the following year by purchasing a T-bill or savings certificate maturing after the end of the current year. Investments in qualified retirement plans provide tax deferral.