Mar
14

Avoid Tax Fraud by Making a Plan to Get Ahead of the Deadline

March 14, 2013

Avoid tax fraud and kids of id theftWith just a month left before Tax Day, it’s time to decide how you are going to deal with your taxes. If your go-to response to this is to file an extension and not worry about it for another few months, you may want to rethink that with the rising tide of tax return fraud and identity theft types revolving around taxes filed late. The Equifax finance experts share some great ways to keep yourself safe by filing early, or at least on time, and getting the process over with before you expose yourself to additional risk in the new article, “Five Tips to Jumpstart Filing Your Taxes.”

You can break the cycle of procrastination and exposing yourself to fraud risk with these simple steps:

  • Set a deadline – either call your local professional to set an appointment or buy the tax software today so you are invested in the process. Just like when people make bets on goals, this incentive makes it far more likely you will show up for the appointment or feel inclined to use the software because you are already involved in the process.
  • Make a list – make a list of the documents you will need for your taxes, and then begin to find and organize them. Creating order and a path to success also helps you fight off laziness to actually focus on getting things done.
  • Ask for help if you need it – if you find yourself lost in the process or frustrated, it is more important to get help than to put it off. A tax professional can help you sort out the sometimes confusing language and untangle misunderstandings before they affect your return.

Equifax has extra tips about everything related to personal finance, including credit scores and retirement and more! Don’t miss a chance to learn more about best practices for your money today.

Categories: Economy, Education

About The Author

Read All Stories By Ben Heisler

Ben Heisler works as an account coordinator for clients involved in the housing market, construction material, rentals, personal finance and more. Visit my Google+ profile.

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[...] With just a month left before Tax Day, it’s time to decide how you are going to deal with your taxes. If your go-to response to this is to file an extension and not worry about it for another few months, you may want to rethink that with the rising tide of tax return fraud [Read More] [...]

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