ID Thieves Take Aim at Govt. Benefits

Identity Theft

ID Thieves Take Aim at Govt. Benefits

ID Thieves Take Aim at Govt. Benefits

These days, identity theft exists in many different forms — and some types are growing in popularity among thieves. This seems to be particularly true for fraud related to government benefits, which can not only harm consumers’ finances, but land them in other hot water, too. Types of identity theft that target a consumer’s tax... Read More

Are Prepaid Cards a Smart Way to Get Your Tax Refund?

Personal Finance

Are Prepaid Cards a Smart Way to Get Your Tax Refund?

Are Prepaid Cards a Smart Way to Get Your Tax Refund?

If you use an online tax preparation service, you’ll no doubt see ads promoting a prepaid card as a “fast and secure” way to get your refund. One of my colleagues said that as she prepared her taxes online, the promotions for a particular issuer’s prepaid card popped up numerous times. And in fact, it’s... Read More

Is E-Filing to Blame for Uptick in Tax Identity Theft?

Identity Theft

Is E-Filing to Blame for Uptick in Tax Identity Theft?

Is E-Filing to Blame for Uptick in Tax Identity Theft?

In the past several years, the number of incidents of identity theft related to consumers’ tax returns has surged, and there seems to be little the Internal Revenue Service can do about it. Now, some experts say that a major reason for this increase in fraud could be the result of the agency’s e-filing option.... Read More

Consumers Pass on Tax Refunds via Prepaid Cards

Personal Finance

Consumers Pass on Tax Refunds via Prepaid Cards

Consumers Pass on Tax Refunds via Prepaid Cards

These days, the Internal Revenue Service allows Americans to collect their tax returns electronically, via direct deposit into their bank accounts. However, this option is often not used by underbanked, low-income consumers, and now the government is working to determine how best to roll out these programs to a broader base. Today, some 43 million... Read More

The End of the Road for Tax Prep Loans?

Personal Finance

The End of the Road for Tax Prep Loans?

The End of the Road for Tax Prep Loans?

It’s rare to see an entire industry die. But according to a new study by consumers advocates, 2011 may be the last year that companies can offer for tax anticipation loans, which have been criticized by the IRS and consumer advocates for being expensive and unnecessary. “We will be glad to see the last of... Read More

IRS Introduces Refund Tracking App

Personal Finance

IRS Introduces Refund Tracking App

IRS Introduces Refund Tracking App

Wondering where the heck your tax refund is? Check your phone. The IRS announced Monday that it will introduce IRS2Go, an app for iPhones and Android phones that lets people check on the status of their tax refunds, plus get tips on tax filing. “As technology evolves and younger taxpayers get their information in new... Read More

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